Gencor Industries, Inc. (GENC) reported its financial results for the fourth quarter of fiscal 2025 on September 30, 2025, revealing a net revenue of $18.8 million, a 10% decrease from $20.9 million year-over-year. The company logged an operating loss of $0.2 million, down from an operating income of $1.2 million in the previous year, primarily due to lower gross margins and higher selling, general, and administrative expenses. Despite these challenges, Gencor’s net income rose to $1.9 million from $1.5 million a year ago, assisted by non-operating income and an income tax benefit.
For the full fiscal year ended September 30, 2025, Gencor reported a 2% increase in net revenue to $115.4 million and a 7.6% rise in net income to $15.7 million, or $1.07 per share, compared to $14.6 million, or $0.99 per share, in fiscal 2024. As of the end of the fiscal year, the company held $136.3 million in cash and marketable securities, reflecting a strong liquidity position, though backlog fell sharply to $23.6 million from $56.2 million year-over-year.
