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Earnings

ONEnergy Inc. Reports 2025 Annual Results And Provides Corporate Update

By The Northwire Desk — AI Analysis Mar 05, 2026 · 18:15 OEG · 0.02
OEG · Price

Executive Summary

  • ONEnergy Inc. reported a net loss of $628 k for the year ended December 31, 2025 versus a net income of $9.87 M in 2024, reflecting a material deterioration in financial performance.
  • The company also disclosed a secured grid promissory note financing of $38,890 provided by director and Chairman Stephen J.J. Letwin between November 26, 2025 and March 5, 2026, bearing 10% annual interest and secured by first‑ranking security over the company's assets.
  • The prior year’s profit was largely driven by a one‑time $10.48 M gain on settlement of unsecured liabilities related to a Division I bankruptcy proposal.

Key Details

  • Year‑ended 2025 Net Loss: ($628,000) compared with net income of $9,867,000 for 2024.
  • Three‑month (Q4 2025) Net Loss: ($193,000) versus a loss of ($138,000) in the same period of 2024.
  • 2024 One‑time Gain: $10,480,000 gain on settlement of unsecured liabilities from a Division I bankruptcy proposal (June 26, 2024).
  • Secured Grid Promissory Note:
  • Total advances: $38,890.
  • Provider: Stephen J.J. Letwin – director and Chairman.
  • Period: November 26, 2025 to March 5, 2026.
  • Terms: Non‑convertible, first‑ranking security lien, interest rate 10% per annum, permits repayments and additional drawdowns.
  • Financial Statements Availability: Audited consolidated financial statements and MD&A for 2025 and 2024 are filed on SEDAR+ (www.sedarplus.ca).

Notable Quotes

(No direct quotes were included in the release.)

Read the original news release →

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