Zefiro Methane Provides Update on Record First Quarter of Fiscal Year 2026 Financial Results and Strong Corporate Pipeline

Core Insights - Zefiro Methane Corp. reported record revenue of approximately $12.0 million for Q1 of fiscal year 2026, marking a ~20% increase compared to the highest quarterly revenue in the company's history [2][3] - The company achieved positive net income and free cash flow due to declining expenses and operational efficiencies [2][3] Financial Performance - The revenue of $12.0 million in Q1'26 is the highest in the company's history, surpassing the previous record set in Q1'25 [2] - The company has successfully reduced expenses, contributing to positive net income and free cash flow for the quarter [2][3] Business Developments - Two major private sector customers have expressed interest in continuing operations, which is expected to generate additional revenue during the winter season [4] - Zefiro was awarded a project by the West Virginia Department of Environmental Protection, expected to generate approximately $1.3 million in revenue [4] - The company completed its first sale of carbon offsets under the ACR orphan well methodology, confirming emissions reductions of 92,956 metric tons of CO2 [4] Strategic Focus - Zefiro is committed to financial discipline, having repaid a $350,000 promissory note and renegotiated another note for greater financial flexibility [8] - The company is actively pursuing additional contracts in Environmental Services and Environmental Markets to support consistent revenue generation [8] - Management is focused on maximizing free cash flow to meet upcoming debt payments and strengthening the balance sheet for long-term growth [8]