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”) at present 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% enhance in comparison with the quarter ending December 31, 2023. The second fiscal quarter is seasonally affected by interruptions in environmental remediation operations resulting from antagonistic 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 check 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 anticipated to be the Firm’s busiest yr but, Zefiro is primed to implement a wide range of quick and long-term development plans that intention to unravel 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 number of recent North American markets, and speed up business 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 further sources of income. The Firm has a strong acquisition pipeline, and the carbon credit score alternative continues to develop because the demand for energy from tech and AI firms, information facilities, and power producers will increase. That is all leading to sturdy 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 fast geographic growth, Zefiro subsidiary Vegetation & Goodwin (“P&G”) efficiently earned its certification to conduct oil and fuel properly remediation operations within the state of Texas. In response to publicly accessible information, 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 consultants imagine may very well be unfold all through the state. Moreover, the Railroad Fee of Texas just lately requested an extra $100 million in state funding to handle 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 gives Zefiro the capability to function in six states, up from 4 one yr 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 fuel wells

Zefiro has bolstered its current 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 various new oil and fuel 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 identified wells that the company notes are positioned all through the state. At present charges, this pool of sources ought to guarantee properly remediation challenge circulate within the state for not less than the subsequent 4 years.

Zefiro additionally continues to actively plug methane leaking from oil and fuel 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 challenge that not solely represented the Firm’s first-ever Oklahoma-based fuel properly remediation effort, but additionally 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 equivalent to these originated by Zefiro. Particularly, the Firm continues to actively have interaction with power producers and expertise firms to offset these entities’ rising emissions and growing power calls for stemming from synthetic intelligence and information heart operations.

Concerning 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 symbolize the very best free market answer 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 group of public, personal, and non-profit sector stakeholders, the Working Group is in search of to stem the proliferation of orphaned and marginal oil and fuel wells all through the Canadian province, a area that consultants have estimated incorporates 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 revolutionary partnerships with authorities businesses, 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 fuel properly plugging initiatives.

Second Fiscal Quarter Monetary Highlights (in USD):

About Zefiro Methane Corp.

Zefiro is an environmental companies firm, specializing in methane abatement. Zefiro strives to be a key business pressure in direction of Energetic Sustainability. Leveraging a long time of operational experience, Zefiro is constructing a brand new toolkit to wash up air, land, and water sources immediately impacted by methane leaks. The Firm has constructed a completely built-in floor operation pushed by an revolutionary monetization answer 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 info, 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 incorporates “forward-looking info” inside the that means of relevant Canadian securities laws. Ahead-looking info is commonly, however not at all times, recognized by way of phrases equivalent to “seeks”, “believes”, “plans”, “expects”, “intends”, “estimates”, “anticipates” and statements that an occasion or consequence “might”, “will”, “ought to”, “might” or “would possibly” happen or be achieved and different related expressions. Particularly, this information launch incorporates forward-looking info together with statements concerning: the Firm’s intention to scale back emissions from end-of-life oil and fuel wells and eradicate methane fuel; the Firm’s partnerships with trade operators, state businesses, and federal governments; the Firm’s expectations for continued will increase in revenues and EBITDA development on account of these partnerships; the Firm’s intentions to construct out its presence in the US; the anticipated federal funding for orphaned properly website plugging, remediation and restoring actions; the Firm’s expectations to turn out to be a rising environmental companies firm; the Firm’s skill to offer institutional and retail buyers alike with the chance to hitch the Energetic Sustainability motion; the Firm’s skill to generate long-term financial, environmental, and social returns; and different statements concerning the Firm’s enterprise and the trade By which the Firm operates. The forward-looking info displays administration’s present expectations primarily based on info presently accessible and are topic to various dangers and uncertainties that will trigger outcomes to vary materially from these mentioned within the forward-looking info. Though the Firm believes that the assumptions and components utilized in getting ready the forward-looking info are cheap, undue reliance shouldn’t be positioned on such info and no assurance may be provided that such occasions will happen within the disclosed timeframes or in any respect. Components that might trigger precise outcomes or occasions to vary materially from present expectations embody, however aren’t restricted to: (i) antagonistic common market and financial circumstances; (ii) modifications to and value and quantity volatility within the carbon market; (iii) modifications to the regulatory panorama and world insurance policies relevant to the Firm’s enterprise; (iv) failure to acquire all needed regulatory approvals; and (v) different threat components set forth within the Firm’s Annual Data Type for the yr ended June 30, 2024 beneath the heading “Danger Components”. The Firm operates in a quickly evolving setting the place applied sciences are within the early stage of adoption. New threat components emerge every so often, and it’s inconceivable 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, might trigger precise outcomes to vary from these contained in any forward-looking info. Ahead-looking info on this information launch relies on the opinions and assumptions of administration thought of cheap as of the date hereof, together with, however not restricted to, the idea that common enterprise and financial circumstances won’t change in a materially antagonistic method. Though the Firm believes that the assumptions and components utilized in getting ready the forward-looking info on this information launch are cheap, undue reliance shouldn’t be positioned on such info. The forward-looking info 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 info whether or not on account of new info, future occasions or in any other case, besides as required by relevant regulation.

Non-IFRS Monetary Measures

Zefiro has included sure efficiency measures on this press launch that shouldn’t have any standardized that means prescribed by Worldwide Monetary Reporting Requirements (IFRS) together with: (a) Adjusted EBITDA. Adjusted EBITDA shouldn’t be a standardized monetary measure beneath IFRS and won’t be similar to related monetary measures disclosed by different issuers. The Firm believes that, along with standard measures ready in accordance with IFRS, sure buyers use this info to guage the Firm’s efficiency and talent to generate money circulate.

(1) Adjusted Internet Earnings

Adjusted Internet Earnings is a non-IFRS measure that excludes from internet earnings (loss): amortization and share-based compensation and contains upkeep capital expenditures attributable to sustaining present exercise. Administration makes use of Adjusted Internet Earnings to guage the Firm’s working efficiency. The Firm presents Adjusted Internet Earnings because it believes that sure buyers use this info to guage the Firm’s efficiency in relation to its friends who current on the same foundation (although Adjusted Internet Earnings doesn’t have a standardized that means beneath IFRS and due to this fact will not be similar to related measures offered by different issuers). Nonetheless, Adjusted Internet Earnings doesn’t symbolize and shouldn’t be thought of an alternative choice to internet earnings (loss) or money circulate supplied by working actions as decided beneath IFRS.

Assertion Concerning Third-Get together Investor Relations Corporations

Disclosures regarding investor relations corporations retained by Zefiro Methane Corp. may be discovered beneath the Firm’s profile on SEDAR+ at http://www.sedarplus.ca/.

¹ See Non-IFRS Monetary Measures