Base Carbon Reports Third-Quarter 2025 Results

Company Highlights - Base Carbon Inc. reported total assets of $111.8 million as of September 30, 2025, a slight decrease from $112.1 million on December 31, 2024 [3] - Total liabilities decreased to $8.9 million from $9.1 million, while total shareholders' equity remained relatively stable at $102.9 million compared to $103.0 million [3] - The company holds $8.0 million in cash and cash equivalents and has a carbon credit inventory valued at $23.1 million [3] Rwanda Cookstoves Project - An unrealized gain of approximately $11.8 million was recognized during Q3 2025, attributed to an increase in expected carbon credits and higher anticipated pricing [4] - The project has transitioned to Verra's VM0050 methodology, enhancing its eligibility for compliance markets like CORSIA [5][7] - The company expects to hold around 1.1 million VM0050 carbon credits in inventory post-quarter [5] Vietnam Household Devices Project - The project has entered Phase 2, allowing the company to purchase future carbon credits at $5 each, with total cash proceeds from sales reaching approximately $36.3 million [9] - The project has successfully returned 100% of its capital investment, generating a cash gain of about $15.5 million [9] India Afforestation, Reforestation, and Revegetation (ARR) Project - The company has expanded its contractual options to plant an additional 20 million trees, with the initial phase of 6.5 million trees already planted [10] - The project received comments from Verra regarding its validation submission, aligning with the company's expected timelines [11] Auditor Appointment - BDO Canada LLP has been appointed as the new auditor for the 2025 fiscal year, reflecting the company's commitment to high corporate governance standards [12]