Zefiro Methane Corp. Announces Quarterly Earnings with Revenue of USD $7.5 Million

FORT LAUDERDALE, Fla., Feb. 14, 2025 (GLOBE NEWSWIRE) — ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (OTCQB US: ZEFIF) (the “Firm”, “Zefiro”, or “ZEFI”) right this moment introduced the Firm’s consolidated monetary outcomes for the fiscal quarter ended December 31, 2024 (“fiscal quarter 2”).

• Zefiro generated income of $7.5 million USD for fiscal quarter 2, an approximate 9% improve in comparison with the quarter ending December 31, 2023. The second fiscal quarter is seasonally affected by interruptions in environmental remediation operations attributable to opposed climate circumstances, that are anticipated to be mitigated by additional growth into Texas, Oklahoma, and Louisiana.
• The Firm yielded gross revenue of $0.6 million USD in fiscal quarter 2.
• Income for the second half of 2024 elevated 18% to $17.5 million USD as in comparison with $14.8 million USD for the comparable 2023 interval, exhibiting development in core operations.

Please consult with Zefiro’s SEDAR+ profile at http://www.sedarplus.ca/ for full filings containing these monetary outcomes.

Zefiro Founder and Chief Govt Officer Talal Debs PhD commented, “As our group continues to dig in for what is predicted to be the Firm’s busiest 12 months but, Zefiro is primed to implement quite a lot of quick and long-term development plans that purpose to resolve unaddressed market calls for. By bolstering our operational capability, Zefiro’s properly remediation and carbon market specialists have positioned the Firm to develop its footprint in key areas, enter a bunch of latest North American markets, and speed up industrial momentum.”

Mohit Gupta, Chief Monetary Officer, commented, “Zefiro’s scale, impression, and market momentum is quickly accelerating. We’re executing on our development technique, increasing into new markets, and growing extra sources of income. The Firm has a sturdy acquisition pipeline, and the carbon credit score alternative continues to develop because the demand for energy from tech and AI firms, knowledge facilities, and vitality producers will increase. That is all leading to robust tailwinds for Zefiro.”

Zefiro’s enterprise technique updates embody:

1)   Entry into new marketplaces with outsized alternatives and ranges of publicly accessible funding

Persevering with its speedy geographic growth, Zefiro subsidiary Crops & Goodwin (“P&G”) efficiently earned its certification to conduct oil and gasoline properly remediation operations within the state of Texas. In accordance with publicly accessible knowledge, the state has solely spent $7.7 million of the $79 million that Texas’ authorities was allotted by way of federal grants to remediate the projected tens of thousands of orphan wells that specialists consider may very well be unfold all through the state. Moreover, the Railroad Fee of Texas lately requested a further $100 million in state funding to deal with groundwater contamination in West Texas stemming from orphaned and deserted wells. As such, the state authorities is actively itemizing numerous initiatives for bidding, which the Zefiro household of firms is now permitted to take part in. This growth offers Zefiro the capability to function in six states, up from 4 one 12 months in the past, and represents the Firm’s ambitions to develop and fortify operations throughout the south-central U.S., together with in Louisiana and Oklahoma, inside the subsequent twelve months.

2)   Increasing its operational footprint in areas of the U.S. that include excessive numbers of orphaned and deserted oil and gasoline wells

Zefiro has bolstered its present operations in a number of states, together with the Firm’s efforts to maximise its place in Ohio. Particularly, P&G started work this previous quarter on plenty of new oil and gasoline properly remediation initiatives for the Ohio Department of Natural Resources, a public company that has entry to roughly $78 million in funding to plug the over 36,000 recognized wells that the company notes are positioned all through the state. At present charges, this pool of assets ought to guarantee properly remediation venture circulate within the state for a minimum of the following 4 years.

Zefiro additionally continues to actively plug methane leaking from oil and gasoline wells and develop its enterprise in states all through Appalachia.

3)   Originating and distributing high quality carbon offsets from Firm plugging operations

This previous November, Zefiro accomplished a venture that not solely represented the Firm’s first-ever Oklahoma-based gasoline properly remediation effort, but in addition produced American Carbon Registry-approved offset merchandise. This high-quality carbon credit score producing initiative is in service of addressing the wants of Fortune 1000 firms, different massive firms, monetary intermediaries, and high-quality carbon offset exchanges which have dedicated to a carbon-neutral footprint by way of the acquisition of blue-chip offsets reminiscent of these originated by Zefiro. Particularly, the Firm continues to actively have interaction with vitality producers and know-how firms to offset these entities’ rising emissions and growing vitality calls for stemming from synthetic intelligence and knowledge middle operations.

Relating to the Firm’s carbon credit score operations, Zefiro Founder & Chief Govt Officer Talal Debs PhD commented, “As our group continues to attach with landowners, regulators, and political leaders throughout the nation, the advanced wants of those key stakeholder teams have solidified our conviction that Zefiro’s methane abatement carbon credit characterize the perfect free market resolution for addressing the nation’s orphan properly methane problem.”

4)   Worldwide growth and partnerships

Zefiro introduced within the second quarter that the Firm secured a membership place inside the Alberta, Canada-based Drilling and Completion Committee’s “Mature Asset Strategy Working Group” (the “Working Group”). A set of public, personal, and non-profit sector stakeholders, the Working Group is looking for to stem the proliferation of orphaned and marginal oil and gasoline wells all through the Canadian province, a area that specialists have estimated comprises roughly 170,000 potentially toxic offline wells.

This membership is the newest in a collection of strategic initiatives that the Firm has executed to forge progressive partnerships with authorities companies, together with P&G’s profitable completion of each New York and Pennsylvania’s first-ever Infrastructure Funding and Jobs Act (“Bipartisan Infrastructure Regulation ”)-funded oil and gasoline properly plugging initiatives.

Second Fiscal Quarter Monetary Highlights (in USD):

About Zefiro Methane Corp.

Zefiro is an environmental providers firm, specializing in methane abatement. Zefiro strives to be a key industrial power in the direction of Energetic Sustainability. Leveraging many years of operational experience, Zefiro is constructing a brand new toolkit to scrub up air, land, and water sources instantly impacted by methane leaks. The Firm has constructed a completely built-in floor operation pushed by an progressive monetization resolution for the rising methane abatement market. As an originator of high-quality U.S.-based methane offsets, Zefiro goals to generate long-term financial, environmental, and social returns.

On behalf of the Board of Administrators of the Firm,

ZEFIRO METHANE CORP.

“Talal Debs”

Talal Debs, Founder & CEO

For additional data, please contact:

Zefiro Investor Relations
1 (800) 274-ZEFI (274-9334)
investor@zefiromethane.com

For media inquiries, please contact:

Wealthy Myers – Profile Advisors (New York)
media@zefiromethane.com
+1 (347) 774-1125

Ahead-Wanting Statements

This information launch comprises “forward-looking data” inside the which means of relevant Canadian securities laws. Ahead-looking data is usually, however not at all times, recognized by means of phrases reminiscent of “seeks”, “believes”, “plans”, “expects”, “intends”, “estimates”, “anticipates” and statements that an occasion or outcome “could”, “will”, “ought to”, “may” or “may” happen or be achieved and different comparable expressions. Particularly, this information launch comprises forward-looking data together with statements concerning: the Firm’s intention to scale back emissions from end-of-life oil and gasoline wells and get rid of methane gasoline; the Firm’s partnerships with business operators, state companies, and federal governments; the Firm’s expectations for continued will increase in revenues and EBITDA development because of these partnerships; the Firm’s intentions to construct out its presence in the USA; the anticipated federal funding for orphaned properly website plugging, remediation and restoring actions; the Firm’s expectations to develop into a rising environmental providers firm; the Firm’s means to supply institutional and retail buyers alike with the chance to affix the Energetic Sustainability motion; the Firm’s means to generate long-term financial, environmental, and social returns; and different statements concerning the Firm’s enterprise and the business By which the Firm operates. The forward-looking data displays administration’s present expectations based mostly on data at the moment accessible and are topic to plenty of dangers and uncertainties that will trigger outcomes to vary materially from these mentioned within the forward-looking data. Though the Firm believes that the assumptions and components utilized in making ready the forward-looking data are cheap, undue reliance shouldn’t be positioned on such data and no assurance could be provided that such occasions will happen within the disclosed timeframes or in any respect. Components that would trigger precise outcomes or occasions to vary materially from present expectations embody, however are usually not restricted to: (i) opposed normal market and financial circumstances; (ii) modifications to and value and quantity volatility within the carbon market; (iii) modifications to the regulatory panorama and international insurance policies relevant to the Firm’s enterprise; (iv) failure to acquire all essential regulatory approvals; and (v) different threat components set forth within the Firm’s Annual Data Type for the 12 months ended June 30, 2024 underneath the heading “Threat Components”. The Firm operates in a quickly evolving surroundings the place applied sciences are within the early stage of adoption. New threat components emerge sometimes, and it’s unattainable for the Firm’s administration to foretell all threat components, nor can the Firm assess the impression of all components on Firm’s enterprise or the extent to which any issue, or mixture of things, could trigger precise outcomes to vary from these contained in any forward-looking data. Ahead-looking data on this information launch relies on the opinions and assumptions of administration thought-about cheap as of the date hereof, together with, however not restricted to, the idea that normal enterprise and financial circumstances won’t change in a materially opposed method. Though the Firm believes that the assumptions and components utilized in making ready the forward-looking data on this information launch are cheap, undue reliance shouldn’t be positioned on such data. The forward-looking data included on this information launch is made as of the date of this information launch and the Firm expressly disclaims any intention or obligation to replace or revise any forward-looking data whether or not because of new data, future occasions or in any other case, besides as required by relevant legislation.

Non-IFRS Monetary Measures

Zefiro has included sure efficiency measures on this press launch that shouldn’t have any standardized which means prescribed by Worldwide Monetary Reporting Requirements (IFRS) together with: (a) Adjusted EBITDA. Adjusted EBITDA isn’t a standardized monetary measure underneath IFRS and may not be similar to comparable monetary measures disclosed by different issuers. The Firm believes that, along with standard measures ready in accordance with IFRS, sure buyers use this data to judge the Firm’s efficiency and skill to generate money circulate.

(1) Adjusted Web Revenue

Adjusted Web Revenue is a non-IFRS measure that excludes from web earnings (loss): amortization and share-based compensation and consists of upkeep capital expenditures attributable to sustaining present exercise. Administration makes use of Adjusted Web Revenue to judge the Firm’s working efficiency. The Firm presents Adjusted Web Revenue because it believes that sure buyers use this data to judge the Firm’s efficiency in relation to its friends who current on an identical foundation (although Adjusted Web Revenue doesn’t have a standardized which means underneath IFRS and subsequently might not be similar to comparable measures introduced by different issuers). Nevertheless, Adjusted Web Revenue doesn’t characterize and shouldn’t be thought-about an alternative choice to web earnings (loss) or money circulate offered by working actions as decided underneath IFRS.

Assertion Relating to Third-Get together Investor Relations Companies

Disclosures referring to investor relations corporations retained by Zefiro Methane Corp. could be discovered underneath the Firm’s profile on SEDAR+ at http://www.sedarplus.ca/.

¹ See Non-IFRS Monetary Measures