Zefiro Methane Corp. Provides Update on Recent Strategic Execution and Milestones Achieved

Core Insights - Zefiro Methane Corp. has undergone significant leadership changes and operational improvements since the appointment of Catherine Flax as CEO and Michael Downs as CFO in June 2025, leading to enhanced shareholder value and long-term growth prospects [2][4]. Financial Performance - In the first two fiscal quarters under the new administration, Zefiro achieved record financial performance, generating $22.2 million in revenue, a 27% increase compared to the previous period, and $300,000 in net income, a significant turnaround from a $6.1 million operating loss [5][14]. - The company reported an Adjusted EBITDA of $3.8 million, an improvement of nearly $6.3 million compared to the same period last year [14]. Debt Management - Zefiro successfully reduced its high-interest debt by over $2.0 million, decreasing total parent-level debt by 65.7% from $3.5 million to $1.2 million [6][14]. Carbon Credit Sales - The company completed its seventh sale of carbon credits in February 2026, totaling 92,956 metric tonnes of CO2 equivalent sold to four buyers, marking a successful commercialization effort in the voluntary carbon markets [7][14]. - Zefiro was one of the few companies to complete significant carbon offset deals in 2025, highlighting its competitive position in the market [8]. Government Contracts - Zefiro's subsidiary, Plants & Goodwin, Inc. (P&G), secured approximately 37% of Ohio's Phase 1 Formula Grant funding under the Infrastructure Investment and Jobs Act, amounting to over $25 million in government contracts [9][14]. - The company has expanded its operations into Louisiana, generating over $5 million in revenue from a new energy infrastructure project [9][14]. Environmental Initiatives - Zefiro has monitored over 800 wells in West Virginia under the Methane Emissions Reduction Program, with the project initially valued at $800,000 and later expanded to $1.3 million [10][14]. - The company aims to continue its focus on carbon credits and methane abatement, positioning itself as a key player in the environmental services sector [12][14].