Carbon Streaming Announces Financial Results for the Three and Six Months Ended June 30, 2025

TORONTO, Aug. 14, 2025 (GLOBE NEWSWIRE) — Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company“) today reported its financial results for the three and six months ended June 30, 2025. All figures are expressed in United States dollars, unless otherwise indicated.

Carbon Streaming Chief Executive Officer Marin Katusa stated: “In the second quarter of 2025, Carbon Streaming continued to make significant progress in improving financial sustainability, achieving its best quarterly operating cash flow and lowest quarterly operating expenses since the Company began operations, while continuing to evaluate strategic alternatives. Ongoing operating expenses have decreased substantially compared to prior years, and by the second quarter of 2025, the number of individuals at the Company receiving a full-time salary was reduced to three. Our priority in 2025 is to continue maximizing value from our existing portfolio while exploring all strategic options to enhance shareholder value, including acquisitions, divestments, corporate transactions, and strategic partnerships. To that end, in July 2025, we reached settlements related to the Rimba Raya Stream and the Magdalena Bay Blue Carbon Stream, delivering cash proceeds, the cancellation of previously issued shares, and the retention of certain future rights — resolving two significant assets in our portfolio. We also progressed the removal of the U.S. legend from the securities issued in our 2021 financings, opening the door to broader trading access for U.S. investors. Although the voluntary carbon market continues to face challenging conditions, we remain committed to adapting to market realities and identifying the best path forward for our shareholders. In line with this commitment to shareholders, we have recently filed a statement of claim against certain former executives, board members, consultants, and associated entities in order to hold the defendants to account for actions that have caused financial harm to the Company, as outlined in the lawsuit. And with respect to the Sustainable Community Stream and the Amazon Portfolio Royalty, the Company remains focused on protecting our investments and preserving our rights — as we will with all our investments.”

Quarterly Highlights

• Ended the quarter with $37.1 million in cash and no corporate debt. The Company continues to earn interest income on its cash.
• Reduced the number of individuals receiving full-time salaries at the Company – including employees, consultants, and directors – from 24 at the start of 2024 to three full-time employees by June 2025. The Chief Executive Officer does not collect a salary, the Chief Financial Officer receives a part-time salary, and the Company has eliminated cash-settled director’s fees to its board of directors (“Board“).
• Recognized a net loss on revaluation of carbon credit streaming and royalty agreements of $1.5 million (net loss on revaluation of $0.1 million in Q2 2024). The net loss on revaluation for the current period was primarily related to the decrease in the fair value of the Amazon Portfolio Royalty, along with changes to the risk-adjusted discount rate and accretion due to the passage of time.
• The Company has significantly reduced ongoing operating expenses and is continuing to review its existing streams and royalties and in the second quarter of 2025, achieved its strongest quarterly net operating cash flow and adjusted net income since the Company began operations.
• Generated $259 thousand in cash settlements from carbon credit streaming and royalty agreements (settlements of $507 thousand in Q2 2024).
• Operating loss of $1.8 million (operating loss of $3.0 million in Q2 2024).
• Recognized net loss of $1.3 million (net loss of $2.8 million in Q2 2024).
• Adjusted net income of $0.6 million (adjusted net loss of $1.7 million in Q2 2024) (see the “Non-IFRS Accounting Standards Measures” section of this news release).
• Paid $nil thousand in upfront deposits for carbon credit streaming and royalty agreements (paid $4.4 million in upfront deposits in Q2 2024).
• In April 2025, the Company announced that it had filed a lawsuit in the Ontario Superior Court of Justice against several former executives, directors, consultants, and associated entities. Please refer to the Company’s news release titled “Carbon Streaming Announces Filing of Claim Against Former Executives and Consultants” for further information.

Financial Highlights Summary