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 17, 2026 · 07:31 ZEFI · 0.43 ZEFIRO METHANE CORP.
ZEFI · Price

Executive Summary

  • Zefiro Methane Corp. reported Q2 FY 2026 revenue of ~$10.1 M, a ~34% YoY increase, and generated >$1.1 M of adjusted EBITDA – the second consecutive quarter of positive adjusted EBITDA.
  • Operating expenses fell to $3.1 M (down $1.5 M YoY), net income turned positive at $0.3 M, and total equity more than doubled to $1.80 M.
  • The company settled debt with two creditors (eliminating CAD $0.41 M of liabilities and forgiving CAD $0.10 M), completed a $1.5 M infrastructure project in Pennsylvania, and began a $5 M initiative in Louisiana; it also exercised warrants on a $2.48 M promissory note, raising $0.45 M cash for further debt repayment.

Key Details

  • Revenue: $10,046,083 (Q2 FY 2026) vs. $7,481,927 (Q2 FY 2025).
  • Gross Profit: $3,165,301 vs. $582,214 YoY.
  • Operating Expenses: $3,090,124 vs. $4,557,616 YoY (down ~$1.5 M).
  • Adjusted EBITDA: >$1.1 M (second straight quarter of positive adjusted EBITDA).
  • Net Income: $(383,922) for the quarter; cumulative six‑month net income +$0.3 M vs. $(4.25 M) prior year.
  • Adjusted Net Income: $456,300 vs. $(3,186,402) YoY.
  • Cash Balance (Dec 31 2025): $345,082 (up from $52,603 June 30 2025).
  • Total Assets: $21,410,820; Total Liabilities: $19,612,522; Equity: $1,798,298.
  • Debt Settlement: Eliminated CAD $0.41 M of liabilities and forgave CAD $0.10 M debt with two creditors.
  • Infrastructure Projects: Completed $1.5 M project near Pittsburgh, PA; launched $5 M initiative in Louisiana.
  • Promissory Note Activity: Exercised 10,790,000 common equity warrants on a $2.48 M note (May 2025); 75% of proceeds used to reduce secured loan, 25% equitized, providing $0.45 M cash for additional debt repayment.
  • One‑time Legal Expense: ~$130,000 incurred related to prior management dispute.
  • Forward‑looking Outlook: Expect another strong Q3 FY 2026; focus on paying down the $0.5 M debt due March 1 2026 and evaluating organic/inorganic growth opportunities.

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 to more manageable levels.” – Catherine Flax, CEO

Read the original news release →

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Earnings