Base Carbon Reports Second-Quarter 2025 Operating and Financial Results

TORONTO, Aug. 13, 2025 (GLOBE NEWSWIRE) — Base Carbon Inc. (Cboe CA: BCBN) (OTCQX:BCBNF) with operations through its wholly-owned subsidiary, Base Carbon Capital Partners Corp. (“BCCPC“, together, with affiliates, “Base Carbon“, or the “Company“), is pleased to announce its second-quarter 2025 consolidated financial results and operational highlights. The Company will host an investor town hall in September, with details to follow over the coming weeks. All financial references are denominated in U.S. dollars, unless otherwise noted.

Company Highlights:

• 5^th consecutive quarter of carbon credit sales revenue with net cash proceeds of $1.0 million from Vietnam cookstove carbon credit monetization.
• Subsequent to quarter end, the Company received into inventory 192,810 carbon credits from the Rwanda cookstoves project, increasing inventory by 11.2% to the current balance of 1,905,003 Article 6 Authorized labelled carbon credits.
• Subsequent to quarter end, a further 371,272 carbon credits were issued to local project partner, the DelAgua Group, which will be subject to the revenue sharing arrangement with the Company.
• In May 2025, the DelAgua Group submitted a requantification request to Verra for the Rwanda cookstoves project which, upon approval, would requantify all carbon credits issued by the Rwanda cookstoves project (including current inventory and future issuances) to the CORSIA-approved VM0050 methodology.
• The Company renewed its normal course issuer bid during the second quarter and, year-to-date, has repurchased approximately 6 million shares through the NCIB program and share purchase agreements at an average price of C$0.49 per share¹.
• The Company ended the second quarter with total assets of $111.0 million, including $10.4 million in cash and cash equivalents, and a $25.6 million carbon credit inventory.

Financial Highlights: