Terrestrial Energy reports 2025 net loss of $28M, cash $298M; IMSR project milestones advanced

Terrestrial Energy Inc. /DE/

Net loss of $28M for full year 2025, up $17M YoY from $11M, driven by higher R&D (+$5M) and G&A (+$10M).
Cash and short-term investments $298M at Dec 31, 2025; business combination raised ~$292M gross proceeds.
Texas A&M selected IMSR for commercial plant at RELLIS campus; DOE awarded two pilot projects (TETRA and TEFLA).
NRC accepted IMSR Principal Design Criteria including inherent reactor power control mechanism.
105.8M shares outstanding (81.8M common + 24.0M exchangeable) as of Dec 31, 2025.

item 2.02 item 9.01

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