William Bremer

Marc Silk

Sameer Joshi

Richard Greulich

Amit Dayal

- Fuel Tech, Inc. reported **consolidated revenues of $7.5 million** for Q3 2025, a decrease from $7.9 million in Q3 2024, but achieved **net income of $303,000** ($0.01 per share) compared to $80,000 ($0.00 per share) in the prior year period.  **[846913_0001437749-25-033042_ex_878290.htm:2]** **[846913_0001437749-25-033042_ex_878290.htm:3]** 
- The company's **consolidated gross margin expanded to 48.9%** in Q3 2025 from 43.4% in Q3 2024, with both the Air Pollution Control (APC) and FUEL CHEM segments contributing to higher gross margins.  **[846913_0001437749-25-033042_ex_878290.htm:2]** **[846913_0001437749-25-033042_ex_878290.htm:3]** 
- As of September 30, 2025, Fuel Tech maintained a strong financial position with **$33.8 million in cash and investments and no debt**.  **[846913_0001437749-25-033042_ex_878290.htm:1]** **[846913_0001437749-25-033042_ex_878290.htm:3]** 
- The **APC segment backlog increased to $9.5 million** at September 30, 2025, up from $7.8 million at June 30, 2025.  **[846913_0001437749-25-033042_ex_878290.htm:1]** 
- Subsequent to the quarter end, Fuel Tech **acquired intellectual property assets from Wahlco, Inc. for $350,000**, which expands its APC solutions portfolio.  **[846913_0001437749-25-033042_ex_878290.htm:1]**

FUEL TECH (FTEK)