Zefiro Methane Corp. reports record revenues and expanding presence, aiming to be a leader in methane abatement.

From GlobeNewswire: 2024-11-14 17:01:00

Zefiro Methane Corp. reported record revenues of $10.0 million USD for the fiscal quarter ending September 30, 2024, with a 33% gross profit margin and an adjusted EBITDA of $460,297 USD. The company is strategically expanding its geographic presence and actively plugging methane wells in the U.S.

The company’s founder and CEO, Talal Debs, expressed optimism about Zefiro’s growth trajectory, highlighting the impact on communities affected by toxic methane emissions. CFO Mohit Gupta emphasized strong client engagement and a robust acquisition pipeline, positioning Zefiro to meet the growing demand for carbon offsets.

Zefiro’s business updates include successfully completing a gas well remediation project in Oklahoma and preselling carbon offsets to EDF Trading. The company is also participating in federal infrastructure funds to plug orphan wells and exploring new products and partnerships to enhance its offerings.

In the first fiscal quarter of 2024, Zefiro recorded a net loss of $1,644,323, with total assets of $29,088,220 and total equity of $9,113,338. The company aims to be a leading force in methane abatement, generating economic, environmental, and social returns through its innovative solutions.

Zefiro’s non-IFRS financial measures, such as adjusted EBITDA, provide insights into the company’s performance and ability to generate cash flow. The company’s strategic partnerships and growth initiatives position it as a key player in the methane abatement market, driving sustainability and environmental impact.



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