Northwire Canada EditionThursday, July 16, 2026
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Earnings

Zefiro Methane Corp. Announces Fiscal Q2 2026 Results with Over USD $22 Million in Revenue for the First Six Months of its 2026 Fiscal Year

By The Northwire Desk — AI Analysis Feb 13, 2026 · 17:31 ZEFI · 0.43 ZEFIRO METHANE CORP.
ZEFI · Price

Executive Summary

  • Zefiro Methane Corp. reported Q2 FY2026 revenue of ~$10.1 M, a ~34% YoY increase, and generated over $1.1 M of adjusted EBITDA – the second consecutive quarter of positive adjusted EBITDA.
  • Net income turned positive at $0.3 M for the quarter and $0.45 M for the six‑month period, reflecting significant improvement in profitability and a reduction of debt by approximately CAD 0.51 M through settlements and warrant exercises.
  • The company completed a $1.5 M infrastructure project in Pennsylvania and launched a $5 M initiative in Louisiana, while projecting continued strong performance into Q3 FY2026.

Key Details

  • Revenue: $10,046,083 (Q2 2025: $7,481,927) – ~34% YoY increase.
  • Gross Profit: $3,165,301 (up from $582,214 YoY).
  • Operating Expenses: $3,090,124 (down $1.5 M YoY).
  • Adjusted EBITDA: >$1.1 M for the quarter; $3.8 M for the six‑month period.
  • Net Income: ($383,922) loss for Q2 FY2026 but net income of $456,300 on an adjusted basis; six‑month net income positive at $0.3 M versus a $6.4 M YoY decline previously.
  • Debt Settlement: Eliminated CAD 0.41 M of liabilities and forgave CAD 0.10 M debt via settlement agreements with two creditors.
  • Promissory Note Activity: Exercised 10,790,000 common equity warrants from a $2.48 M note (May 2025); 75% of proceeds used to reduce secured loan, 25% equitized providing $0.45 M cash, which was applied toward additional debt due March 1 2026.
  • Infrastructure Projects: Completed $1.5 M project near Pittsburgh, PA; initiated $5 M expansion in Louisiana.
  • Balance Sheet (as of Dec 31 2025): Cash $345,082; Total assets $21.41 M; Total liabilities $19.61 M; Equity $1.80 M.
  • Future Outlook: Anticipates another strong Q3 FY2026; primary focus on paying down the $0.5 M debt due March 1 2026 and continued capital allocation to growth projects.

Notable Quotes

“The Company's performance over the past six months has been exceptional… we have grown revenue and Adjusted EBITDA to the highest levels in our history while significantly reducing debt…” – Catherine Flax, CEO

Read the original news release →

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Earnings