Ostrom Climate Reports Fiscal Q2 2025 Financial Statements and Results of Annual General Meeting

Executive Summary

• Ostrom Climate Solutions Inc. reported financial results for the second quarter ended June 30, 2025, highlighting a 49% year-over-year increase in revenue driven by a doubling of Verified Emission Reduction (VER) unit sales.
• The company reported a net loss of $683,108, an improvement from the $856,934 loss in the same period last year, attributed to cost reduction efforts, reduced R&D spend, and elimination of non-essential administrative overhead.
• Operational updates include the advancement of the flagship Climate-Smart Rice Project in the Philippines, which was listed on the Verra Registry as 'under development' shortly after the quarter-end, alongside continued technical design work across the carbon project pipeline.

Key Details

• Q2 2025 Revenue: Total revenue was $860,202, a 49% increase from $578,123 in Q2 2024.
• Revenue Drivers: Revenue growth was primarily driven by higher sales of Verified Emission Reduction (VER) units, which more than doubled year-over-year. This was partially offset by a slight decrease in consulting and advisory revenues.
• Gross Profit: Gross profit was $277,407, a 25% decrease from $369,000 in Q2 2024, due to higher gross margins on VER unit sales in the comparative period.
• Net Loss: The company reported a quarterly net loss of $683,108, compared to a net loss of $856,934 in Q2 2024.
• Cost Management: The reduction in net loss was driven by improved efficiencies, a reduction in R&D spend, and the elimination of non-essential administrative overheads, partially offset by non-cash stock-based compensation.
• Debt Repayment: The Company has repaid over 20% of its promissory note debt, strengthening its solvency and liquidity position.
• Operational Milestones:
  • Advanced development activities for the flagship Climate-Smart Rice Project in the Philippines.
  • Continued technical design and feasibility work across a growing carbon project pipeline.
  • Post-quarter milestone: The Climate-Smart Rice Project was listed on the Verra Registry as ‘under development’.
• AGM Results (Held August 22, 2025):
  • Shareholders approved the audited financial statements for the year ended December 31, 2024.
  • Board of Directors fixed at four members; elected Navdeep Dhaliwal, Robert Christopher Morris, Tar Deol, and Colin Haddock.
  • Davidson & Company LLP reappointed as auditor.
  • Shareholders ratified and approved the Company's 10% rolling stock option plan.
  • Officers reappointed: Navdeep Dhaliwal (Chairman & CEO) and Trevor Scott (CFO).

Notable Quotes

• "Ostrom delivered solid progress in Q2 2025 with stronger revenue, disciplined cost management, and continued project advancement... VER sales more than doubled year-over-year, while tighter cost controls and debt repayment improved our financial position." — Navdeep Dhaliwal, Chairman and CEO
• "After quarter end, we achieved a key milestone with our flagship Climate-Smart Rice Project being listed on the Verra Registry as ‘under development.' This underscores our ability to deliver market-ready projects while expanding a pipeline of high-integrity credits." — Navdeep Dhaliwal, Chairman and CEO