Terrestrial Energy Inc. · NASDAQ:IMSR
Terrestrial Energy — Q4 2025 Earnings Presentation
11 slides from Terrestrial Energy's earnings presentation, Mar 30, 2026
Slide 1: Fourth Quarter and Full Year 2025 Earnings Call
Fourth Quarter and Full Year 2025 Earnings Call MARCH 30, 2026
Slide 2: Disclaimer
Disclaimer This presentation (this “Presentation”) has been prepared by Terrestrial Energy Inc. (the “Company”) solely for informational purposes. This Presentation is intended to provide a general overview of the Company and its business. This Presentation should not be construed as a prospectus or
Slide 3: The Macro Case for Nuclear Energy and Nuclear Plant Innovation
The Macro Case for Nuclear Energy and Nuclear Plant Innovation Electricity Nuclear Energy: Demand Policy Reset The Only Path • Electricity demand accelerating • Energy security now dominant • Powerful secular fundamentals at unprecedented pace policy priority globally driving continued demand • Step
Slide 4: Terrestrial Energy at-a-Glance
Terrestrial Energy $1.4 T at-a-Glance Current SAM 1 Directly addresses a $1.4 trillion SAM for industrial process heat Developer of the small and and electricity in OECD markets and is expected to grow 35% modular Integral Molten Salt to $1.9 T by 20501 Reactor plant (“IMSR Plant”), which uses Gen I
Slide 5: Terrestrial Energy's IMSR Plant Addresses the Weaknesses and Limitations of Legacy Nuclear Technology
Terrestrial Energy’s IMSR Plant Addresses the Weaknesses and Legacy Nuclear Technology Limitations of Legacy Terrestrial Energy IMSR Gen IV Advanced Modular Reactor LWR Gen II, III and III+ (including SMRs) Nuclear Technology While High capital efficiency due to: Low capital efficiency due to: Deliv
Slide 6: IMSR Plant is Designed to Deliver Co-located, Customized Energy Solutions to Industry
End-user heat / power (industry / grid electric power) IMSR Plant is Designed C to Deliver Co-located, Customized Energy IMSR Non-nuclear Thermal and Electric Facility (TEF) B Solutions to Industry A Separation of nuclear from thermal and Dual IMSR Nuclear Facility electrical systems allows: • Stand
Slide 7: 2025 Milestone Recap
2025 Milestone Recap FEBRUARY 2025 AUGUST 2025 SEPTEMBER 2025 NOVEMBER 2025 Texas A&M selects IMSR Plant DOE selects TETRA project for DOE selects TEFLA project for Further contract with project for deployment at for participation in Advanced participation in Advanced Westinghouse to advance IMSR RE
Slide 8: 2026 Expectations and Milestones
2026 Expectations and Milestones Further agreements with Texas A&M for the deployment of an IMSR Plant at RELLIS and for testing and development of key IMSR components and processes Announcement of between one and three additional commercial projects to deploy IMSR Plants Submissions to the NRC for
Slide 9: 2025 Financial Results
2025 Financial Results 1 2 3 4 $28M Net Loss, $16M Cash Used in $298M Cash and 105.8M Issued and $17M increase Operating Activities, Short-term Investments Outstanding Shares from prior year $8M increase from prior year The increase is attributable to: The increase is attributable to: As of December
Slide 10: December 31, 2025 Capitalization Summary
December 31, 2025 Capitalization Summary (shares in millions) % of Total Common shares 81.8 77% Exchangeable shares 24.0 23% Total shares issued and outstanding 105.8 100% Long term incentive program, net 12.7 12% Private warrants July 2028 10.7 10% Public warrants October 2030 11.5 11% Private warr
Slide 11: Making transformative nuclear energy a commercial reality
Making transformative nuclear energy a commercial reality Join us. www.terrestrialenergy.com Terrestrial Energy Inc. Proprietary Information - All Intellectual Property Rights Reserved. 11