Zefiro Methane Corp. Announces Year-End Earnings Report & Provides Corporate Activities Update

Executive Summary

• Zefiro Methane Corp. reported FY 2025 revenue of $32.4 M (≈ in line with prior year) but a net loss of $10.6 M, widening from the $6.8 M loss in FY 2024.
• New interim CEO Catherine Flax and interim CFO Michael Downs were appointed in June 2025; management is focusing on expense reduction, debt pay‑down, and expanding carbon credit sales.
• July 2025 revenue reached a record $4.0 M and the company delivered 48,536 tons of carbon offsets to three strategic buyers during Q3 2025.

Key Details

• Revenue: $32,406,193 for FY 2025 vs. $32,748,777 in FY 2024 (≈ ‑1% YoY).
• Gross Profit: $7,467,930 (23% margin) vs. $9,616,321 prior year (29% margin).
• Operating Expenses: $(16,018,242) vs. $(14,661,178) YoY – increase driven by higher G&A and cost of revenues linked to environmental services expansion.
• Net Loss: $(10,626,358) for FY 2025 vs. $(6,839,157) FY 2024; basic & diluted loss per share $0.15 vs. $0.11.
• Adjusted Net Income (non‑IFRS): $(6,645,497) vs. $(3,137,087) prior year (excludes amortization, share‑based comp., and maintenance capex).
• Liquidity: Cash & cash equivalents $52,603; total liquidity (cash + revolving line) $1.14 M as of June 30 2025 (down from $1.33 M).
• Balance Sheet Highlights (June 30):
• Total assets $20.62 M (down from $28.97 M).
• Total liabilities $19.83 M (slightly down from $20.29 M).
• Shareholder equity $0.78 M (decline from $8.68 M).
• Management Changes: Catherine Flax appointed interim CEO; Michael Downs appointed interim CFO (June 2025). Focus on cost cuts, non‑essential staff reductions, and debt reduction.
• Operational Highlights:
• July 2025 revenue ≈ $4.0 M – highest month in company history.
• Q3 2025 carbon offset sales: 48,536 tons delivered to three strategic buyers.
• Expanded pipeline of environmental services with private and federal/state operators.
• Strategic Initiatives: Emphasis on core plugging & abandonment business, government revenue streams, carbon credit sales, and long‑term debt reduction.
• Future Outlook: Management will discuss performance and outlook on a conference call scheduled for Wednesday, October 1 2025.

Notable Quotes

“Management is focused on the basics, driving revenue growth, reducing expenses, and reducing debt. This will result in improving the Company's financial health and position Zefiro to take advantage of the significant tailwinds across end‑of‑life care for oil and gas wells.” – Catherine Flax, Interim CEO

All non‑material boilerplate, forward‑looking disclaimer text, and “About the Company” sections have been omitted.