Carbon Streaming Announces Financial Results for the Three and Nine Months Ended September 30, 2025

Core Viewpoint - Carbon Streaming Corporation reported a strengthened financial position in Q3 2025, achieving positive operating cash flow and implementing successful cost reduction initiatives while navigating challenging conditions in the voluntary carbon market [2][20]. Financial Highlights - The company ended the quarter with $37.6 million in cash and no corporate debt, continuing to earn interest income on its cash balance [6]. - Positive operating cash flow was achieved, primarily driven by settlements from carbon credit streaming and royalty agreements, alongside ongoing cost reduction initiatives [6]. - The number of full-time salaried individuals was reduced from 24 at the start of 2024 to three by September 2025, with the CEO not collecting a salary and the CFO receiving a part-time salary [6]. - A net gain of $1.0 million was recognized on the revaluation of carbon credit streaming and royalty agreements, compared to a net loss of $11.7 million in Q3 2024 [6]. - The company generated $549 thousand in cash settlements from carbon credit streaming and royalty agreements, a significant increase from $124 thousand in Q3 2024 [6]. - Operating loss decreased to $0.3 million from $13.6 million in Q3 2024, while net income improved to $0.6 million from a net loss of $11.9 million in the same period [6][7]. Legal and Strategic Developments - The company filed a statement of claim against former executives and board members to hold them accountable for financial harm caused to the company [3]. - In July 2025, the company reached a settlement with InfiniteEARTH, resulting in $0.7 million in cash and the cancellation of 4,539,180 common shares [9][10]. - The company also settled with Fundación MarVivo México regarding the Magdalena Bay Blue Carbon Stream, retaining certain rights for future project reactivation [12]. - Repayment agreements were established with counterparties under the Amazon Portfolio Royalty, expecting to collect approximately $1.1 million by Q2 2026 [14][15]. Strategic Focus - Carbon Streaming is focused on maximizing value from its existing portfolio while exploring strategic options such as acquisitions, divestments, and partnerships [2][19]. - The company aims to optimize cash flow through reduced operating expenses and reassessment of existing streams and royalties [20]. - The ongoing uncertainty in carbon markets, including potential registry delays and project-specific issues, remains a challenge for the company [21].