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Earnings

Oceanic Wind earns $900,000 in fiscal 2025

By The Northwire Desk — AI Analysis Jan 26, 2026 · 10:03 NKW · 0.055 Oceanic Wind Energy Inc
NKW · Price

Executive Summary

  • Oceanic Wind Energy Inc. reported a net income of $900,000 for the fiscal year ended Sept. 30, 2025, up from $600,000 in the prior year, and cash on hand increased to $677,985.
  • The company received a $475,000 second installment from the sale of its subsidiary NaiKun Wind Development Inc., with a final $475,000 installment scheduled for Oct. 1, 2026.
  • Oceanic secured an exclusive offshore wind tenure (600‑1,000 MW) jointly with Coast Tsimshian Enterprises, positioning it to pursue power purchase agreements amid strong provincial demand for renewable electricity.

Key Details

  • Cash Position: $677,985 as of Sept. 30, 2025 (up from $13,448 on Sept. 30, 2024).
  • Sale Proceeds: Received $475,000 second installment from the Oct. 1, 2024 sale of subsidiary NaiKun Wind Development Inc.; final $475,000 installment expected Oct. 1, 2026.
  • Net Income: $900,000 for FY 2025 (US$0.01 per share), versus $600,000 (US$0.01 per share) in FY 2024.
  • Offshore Wind Tenure: Exclusive 50/50 joint tenure with Coast Tsimshian Enterprises (CTE) granted July 2025; projected capacity 600–1,000 MW at a 55% capacity factor.
  • Strategic Context: BC Hydro and the BC government have announced large renewable power calls (3,000 GWh/year) and a $36‑billion investment in clean energy infrastructure, creating strong demand for utility‑scale wind projects.
  • First Nations Partnership: Tenure is co‑owned with Metlakatla and Lax Kw'alaams First Nations via CTE, aligning with provincial goals for Indigenous participation in renewable development.
  • Market Opportunity: Port of Prince Rupert plans $2‑3 billion in port upgrades requiring substantial new electricity; offshore wind resource (Hecate Strait) is uniquely suited to meet this demand.

Notable Quotes

“We are pleased to announce the exclusive tenure granted in July 2025, which will enable us to deliver up to 1,000 MW of clean power to meet British Columbia’s growing electricity needs.” – Mike O'Connor, CEO, Oceanic Wind Energy Inc.

Safe Harbor statements omitted for brevity.

Read the original news release →

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Earnings