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Carbon Streaming Announces Financial Results for the Three and Six Months Ended June 30, 2025
Globenewswire· 2025-08-14 22:30
Core Viewpoint - Carbon Streaming Corporation reported significant progress in financial sustainability during Q2 2025, achieving its best quarterly operating cash flow and lowest operating expenses since inception, while exploring strategic alternatives to enhance shareholder value [2][19]. Financial Highlights - The company ended Q2 2025 with $37.1 million in cash and no corporate debt, continuing to earn interest income on its cash [5]. - The number of full-time employees was reduced from 24 at the start of 2024 to three by June 2025, with the CEO not receiving a salary and the CFO on a part-time salary [5]. - The company recognized a net loss on revaluation of carbon credit streaming and royalty agreements of $1.5 million, primarily due to a decrease in the fair value of the Amazon Portfolio Royalty [5]. - Operating loss for Q2 2025 was $1.8 million, an improvement from a $3.0 million loss in Q2 2024 [5]. - Adjusted net income for Q2 2025 was $0.6 million, compared to an adjusted net loss of $1.7 million in Q2 2024 [5]. Portfolio Updates - Settlements were reached regarding the Rimba Raya Stream, resulting in $0.7 million in cash and the cancellation of 4,539,180 common shares [8][11]. - The company accepted the abandonment of the Magdalena Bay Blue Carbon Stream project, retaining certain rights for potential future reactivation [11]. - The Amazon Portfolio Royalty counterparties were in arrears on minimum royalty payments, with the company actively pursuing recovery [12]. - Arbitration proceedings were initiated against Will Solutions Inc. regarding the Sustainable Community Stream termination due to non-compliance [13]. Strategic Focus - The company aims to maximize value from its existing portfolio while evaluating strategic options, including acquisitions and partnerships [16]. - Significant reductions in operating expenses have been achieved through employee headcount reduction and renegotiation of vendor agreements [17]. - The company is focused on cash flow optimization and intends to generate cash flow through carbon credit sales over the next year [18].
X @Bloomberg
Bloomberg· 2025-07-30 20:54
RT Bloomberg Live (@BloombergLive)"There's a lot of collaboration being undertaken to set up a common carbon framework to be able to apply inter-operability of carbon credits," @BursaMalaysia’s Fad'l Mohamed on the carbon market and emissions trading evolution #SustainableBizSummit.⏯️https://t.co/YU20RDrH9P https://t.co/qpXjNu8vyb ...
X @Bloomberg
Bloomberg· 2025-07-16 04:15
Carbon Market - The EU and UK need to end their carbon-market separation [1]
X @Bloomberg
Bloomberg· 2025-07-03 11:24
Turkey approves plans to launch a carbon market to help reduce greenhouse gas emissions to net zero by 2053 https://t.co/D28VkSzIC2 ...