Enerflex Sheds Asia Unit, Posts Record $141M Cash Flow

Record Cash Flow: The company generated a record <strong class="body_output text-content_primary font-semibold" node="[object Object]">$141 million in free cash flow , enabling it to reduce net debt to $501 million, or approximately 1.0x trailing twelve-month adjusted EBITDA.
Strategic Divestiture: Enerflex signed an agreement to sell its operations in the <strong class="body_output text-content_primary font-semibold" node="[object Object]">Asia Pacific region to streamline its business and focus on core activities.
Strong Outlook: The company projects a robust 2026 with a combined backlog of <strong class="body_output text-content_primary font-semibold" node="[object Object]">$2.4 billion and planned capital expenditures between $175 million and $195 million.

Record $141M Free Cash Flow Cuts Net Debt to $501M

Enerflex Ltd. significantly improved its balance sheet in the fourth quarter of 2025, reporting a record free cash flow of $141 million on February 25, 2026. The strong cash generation, supported by an adjusted EBITDA of $123 million for the quarter, allowed the company to aggressively pay down liabilities. As a result, net debt fell to $501 million by the end of December 2025, bringing the company's leverage ratio down to a healthy 1.0x its trailing twelve-month adjusted EBITDA.

Asia Divestiture Sharpens Focus as $2.4B Backlog Supports 2026

Concurrent with its earnings release, Enerflex announced a strategic agreement to divest its operations in the Asia Pacific region. This move aims to optimize and simplify the company's business structure, allowing management to concentrate on core markets. The decision is underpinned by strong operational visibility, with a combined Engineering Systems (ES) and Energy Infrastructure (EI) backlog totaling $2.4 billion. Looking ahead to 2026, Enerflex has targeted capital expenditures of $175 million to $195 million, earmarking between $90 million and $100 million for specific growth opportunities.