Northern Technologies International Corporation reported its financial results for the fourth quarter and fiscal year ended August 31, 2025.
Key highlights include a decrease in consolidated net sales, increase in ZERUST® industrial net sales, decrease in ZERUST® oil and gas net sales, and more.
The company faced challenges in sales due to market conditions, but is optimistic about growth in fiscal 2026.
Consolidated Net Sales Decrease
Net sales decreased by 1.0% to $84,234,000 for fiscal year 2025.
ZERUST® Industrial Net Sales Increase
Industrial net sales increased by 2.4% to $55,171,000 for fiscal year 2025.
ZERUST® Oil and Gas Net Sales Decrease
Oil and gas net sales decreased by 20.7% to $7,318,000 for fiscal year 2025.
NTIC China Net Sales Increase
NTIC China net sales increased by 14.0% to $16,240,000 for fiscal year 2025.
Operating Income Decrease
Operating income decreased by 67.3% to $2,570,000 for fiscal year 2025.
- NTIC faced challenging market conditions in fiscal 2025 leading to a decline in sales.
- Despite the sales challenges, NTIC continued to invest in business development initiatives and global expansion.
- The company expects renewed growth in fiscal 2026 driven by new technologies, global market opportunities, and strategic investments made in the past three years.
NTIC remains optimistic about its future growth prospects in fiscal 2026 amid macroeconomic challenges in certain regions.