Zefiro Methane Corp. Announces Fiscal Q2 2026 Results with Over USD $22 Million in Revenue for the First Six Months of its 2026 Fiscal Year

Core Insights - Zefiro Methane Corp. reported exceptional performance in the second quarter of fiscal 2026, achieving record revenue and Adjusted EBITDA while significantly reducing debt [4][8]. Financial Performance - Revenue for Q2 FY2026 reached approximately $10.1 million, a ~34% increase from $7.5 million in Q2 FY2025 [6][8]. - Gross profit increased to $3.2 million from $582,214 year-over-year [6][8]. - Total operating expenses decreased to $3.1 million from $4.6 million in the same quarter last year [6][8]. - Adjusted Net Income for the period was $456,300, a significant improvement from a loss of $3.2 million in the prior year [6][8]. - The company reported a net income of $0.3 million, an increase of approximately $6.4 million compared to a loss of $4.5 million in the previous year [8]. Balance Sheet Highlights - As of December 31, 2025, total assets were $21.4 million, with total liabilities at $19.6 million, resulting in total equity of $1.8 million [7]. - Cash reserves increased to $345,082 from $52,603 six months prior [7]. Strategic Initiatives - The company completed debt settlement agreements, eliminating approximately CAD $0.51 million in liabilities [8]. - Zefiro successfully executed a $1.5 million infrastructure project in Pennsylvania and initiated a $5 million project in Louisiana, indicating expansion into new markets [8]. - The company is focused on paying down debt and strengthening its balance sheet, with plans to manage $0.5 million in debt due on March 1, 2026 [8]. Future Outlook - The third quarter of fiscal 2026 is projected to show continued improvement, marking the third consecutive quarter of performance enhancement following leadership changes [8]. - Zefiro is evaluating options for both organic and inorganic growth to expand and diversify its business [8].