Fort Lauderdale, Florida--(Newsfile Corp. - February 24, 2026) - ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (FSE: Y6B) (OTCQB: ZEFIF) (the "Company", "Zefiro", or "ZEFI") announced today that its annual and special meeting (the "Meeting") of the holders (the "Shareholders") of common shares ("Shares") of the Company, previously scheduled for March 4, 2026, has been postponed to 12:00 p.m. (Eastern time) on March 20, 2026 at Suite 5300, 66 Wellington Street West, Toronto, Ontario, M5K 1E6.Further to the Compa ...

Zefiro subsidiary Plants & Goodwin, Inc. is currently plugging 37 wells in Wood County, Ohio as part of the scope of work for Wood 12F, an orphan well project that is expected to generate approximately USD $4.5 million in revenue. Between Wood 12F and two other projects, P&G will have received approximately 37% of all funds awarded to date in Ohio from IIJA Phase 1 Formula Grant funding.This development further solidifies the market position of both P&G and Zefiro as trusted and established leaders in the ...

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].

Core Viewpoint - Zefiro Methane Corp. has entered into loan satisfaction agreements to eliminate approximately USD $1,790,000 in outstanding debt and add around USD $447,500 in cash to its balance sheet, marking a significant step in its financial restructuring [1][4]. Debt Restructuring - The loan satisfaction agreements involve the exercise of 10,790,000 common equity warrants by creditors, with 75% of the exercise price offset against the principal of the secured loan, and the remaining 25% paid in cash [2]. - The remaining principal of the secured loan was settled through the issuance of 1,409,589 common shares at a deemed price of CAD $0.44 per share, along with an additional 1,014,904 common shares issued to cover interest that would have accrued [3]. Financial Impact - The cash raised from the warrant exercise will be used to retire other near-term debt and for general working capital, resulting in a 64% reduction in 2026 debt maturities [4]. - A fourth creditor's USD $690,000 principal amount of the secured loan and 4,160,000 common equity warrants remain outstanding [4]. Management Commentary - The CEO of Zefiro expressed confidence in the company's growth and success, highlighting the transaction as a meaningful step in the company's turnaround and commitment to debt reduction [5]. Company Overview - Zefiro Methane Corp. specializes in methane abatement and aims to be a key player in active sustainability, focusing on cleaning up air, land, and water sources affected by methane leaks [8].

Core Viewpoint - Zefiro Methane Corp. has received necessary approvals to initiate a plug-and-abandonment program in Louisiana, which is crucial for the development of new energy infrastructure in the region [1][2]. Project Details - The project involves remediation of nine wells at the site of a new energy infrastructure facility, requiring excavation, cleaning, re-plugging, and cutting off between 10 and 60 feet below the surface [3]. - The total duration of the project is expected to be approximately 90 days, generating total revenue of over USD 5 million [4]. Company Expansion - Zefiro's operations have expanded to an eighth state, marking a 100% increase compared to 2023 [7]. - The project is part of a broader strategy to enhance the company's presence in the Gulf Coast region and capitalize on year-round operational capabilities [8]. Management Insights - The CEO of P&G expressed excitement about the project, highlighting the increasing demand for complex remediation work in the energy sector [8]. - Zefiro's CEO noted that this project signifies new beginnings for the company, enhancing its portfolio and operational efficiency during winter months [8]. Company Overview - Zefiro Methane Corp. specializes in methane abatement and aims to be a key player in the active sustainability market, focusing on cleaning up air, land, and water sources affected by methane leaks [9].

Core Insights - Zefiro Methane Corp. has published its 2025 Year-End Letter to Shareholders, highlighting its growth trajectory following a management transition in June 2025 [1][2] - The first full fiscal quarter under the new management yielded USD $12.1 million in revenue, with a 29.5% reduction in expenses, allowing for free cash flow to support core operations and settle debts [2] Company Overview - Zefiro Methane Corp. specializes in environmental services, focusing on methane abatement and aims to be a key player in Active Sustainability [5] - The company is developing a comprehensive operational framework to address methane leaks, with a goal of generating long-term economic, environmental, and social returns [5] Strategic Developments - Zefiro is set to enhance its environmental services category by utilizing P&G's crews and equipment year-round, starting a project in Louisiana valued at over USD $5 million, expected to continue until March 2026 [3] - The company is emphasizing core operations that consistently drive revenue, with management expressing commitment to transparent communication with shareholders [4]

Core Viewpoint - Zefiro Methane Corp. has successfully completed a $1.5 million plug and abandonment project to decommission nine marginal gas wells, facilitating the conversion of a coal power plant to a natural gas-powered facility in Pennsylvania [1][6]. Group 1: Project Details - The plug and abandonment project was essential for the redevelopment of the coal power plant, which had been stalled due to the presence of unplugged wells [2]. - The project took three months to complete and was part of a larger initiative to modernize infrastructure in the region [2][6]. - Zefiro's subsidiary, Plants & Goodwin, Inc. (P&G), is also working on a new infrastructure project in Louisiana, valued at over $5 million, marking the company's expansion into its eighth U.S. state [6]. Group 2: Company Operations - Throughout 2025, P&G has engaged in various infrastructure improvement projects, which differ from its typical plug and abandonment jobs, aimed at unlocking business value for clients [3]. - P&G has completed similar projects for notable clients, including a major defense/aerospace contractor and a global e-commerce conglomerate [3]. - The CEO of P&G emphasized the importance of addressing legacy oil and gas wells to facilitate economic transformation and energy dominance in the U.S. [7]. Group 3: Environmental Focus - Zefiro Methane Corp. specializes in methane abatement and aims to be a key player in promoting active sustainability [8]. - The company is focused on cleaning up air, land, and water sources impacted by methane leaks, leveraging its operational expertise to create a monetization solution for the methane abatement marketplace [8].

Core Insights - Zefiro Methane Corp. announced that its CEO and three Board members purchased a total of 723,000 common shares in the open market, reflecting confidence in the company's strategic direction and long-term value creation potential [1][2]. Company Developments - The CEO, Catherine Flax, stated that Zefiro has been focusing on strengthening its financial and operational foundation, enhancing revenue-generating activities, and building partnerships across various channels [3]. - The company is actively engaged in initiatives related to orphan well retirement, methane emissions reduction, environmental credit generation, and developing scalable solutions for verified emissions abatement [3]. Insider Transactions - The recent insider purchases were made independently and will be reported in regulatory filings as required [4].

Core Viewpoint - Zefiro Methane Corp. has entered into debt settlement agreements to eliminate approximately $407,855.97 CAD in outstanding debt, which is seen as a strategic move to strengthen its balance sheet and reduce overall debt obligations [1][3]. Debt Settlement Details - The debt settlements will involve issuing a total of 1,127,273 common shares at a deemed price of $0.275 CAD per share and granting 400,000 stock options with an exercise price of $0.40 per share [2]. - A portion of the debt, specifically $97,855.97 CAD, will be forgiven and settled for no value [2]. Company Overview - Zefiro Methane Corp. specializes in methane abatement and aims to be a key player in promoting active sustainability [5]. - The company is focused on creating solutions to clean up air, land, and water sources affected by methane leaks, leveraging its operational expertise [5].

Core Insights - Zefiro Methane Corp. reported record quarterly earnings with revenue of approximately USD $12.1 million for the first quarter of fiscal 2026, marking a ~21% increase compared to the previous record [6][7] - The company has successfully reduced net operating expenses by approximately USD $1.25 million year-over-year, contributing to positive net income and free cash flow [6][7] - Zefiro's strategic focus on revenue-generating business lines and cost-cutting measures have strengthened its financial foundation, positioning the company for sustained profitability and growth [4][8] Financial Performance - Revenue for the three months ended September 30, 2025, was USD $12,138,548, compared to USD $10,006,487 for the same period in 2024 [11] - Gross profit increased to USD $4,934,630 from USD $3,262,158 year-over-year [11] - Total operating expenses decreased to USD $3,123,854 from USD $4,379,125, resulting in a net income of USD $665,401 compared to a loss of USD $1,665,403 in the prior year [11] Operational Highlights - Zefiro has been awarded a second federally funded project in Ohio, involving 37 orphan wells, expected to begin operations in November 2025 [8] - The company secured a two-year well retirement contract with a top-tier industry operator, expanding its partnerships [8] - Zefiro completed its first publicly announced sale of carbon offsets, delivering 92,956 metric tons of CO₂ reductions, indicating growing demand for its emissions reduction services [8] Debt Management - The company has demonstrated financial discipline by repaying and retiring promissory notes totaling USD $450,000, further reducing its debt obligations [9][10] - As of September 30, 2025, Zefiro's cash balance increased to USD $659,132 from USD $52,603, reflecting improved liquidity [11] Future Outlook - Preliminary results for October 2025 indicate one of the highest revenue months in the company's history, suggesting continued demand for its services [13] - Zefiro plans to prioritize future free cash flow towards reducing outstanding debt and enhancing financial flexibility for growth initiatives [13]