ONEnergy Inc. Reports 2025 Q3 Results and Provides Corporate Update

Executive Summary

• ONEnergy Inc. filed its unaudited interim condensed consolidated financial statements for the three‑ and nine‑month periods ended September 30, 2025.
• The company reported a net loss of $138 k for Q3 2025 versus a $97 k loss in the same period of 2024, and a net loss of $435 k for the nine‑month period versus a $10.0 M profit in the comparable 2024 period (the prior profit included a one‑time $10.48 M settlement gain).
• Director and Chairman Stephen J.J. Letwin provided $60,500 in advances under a secured grid promissory note between August 29 and November 25 2025, bearing 10% annual interest and secured by first‑ranking security over the company’s assets.

Key Details

• Three‑month results (ended Sep 30 2025): Net loss & comprehensive loss of $(138,000); prior year same period net loss of $(97,000).
• Nine‑month results (ended Sep 30 2025): Net loss & comprehensive loss of $(435,000); prior year nine‑month net income & comprehensive income of $10,005,000 (including a $10,480,000 gain on settlement of unsecured liabilities related to a Division I proposal).
• Secured grid promissory note financing:
• Total advances: $60,500 provided by Stephen J.J. Letwin.
• Note is non‑convertible, secured by a first‑ranking security interest over all company assets.
• Allows repayments and additional drawdowns; bears 10% annual interest.
• Access to full statements: Unaudited interim condensed consolidated financial statements and MD&A are available on the Company’s SEDAR+ issuer profile (www.sedarplus.ca).
• Contact for further information: Ray de Ocampo, Chief Financial Officer – [email protected]; +1 (647) 253‑2534.

Notable Quotes

(No direct quotes were included in the release.)