Base Carbon Inc. reports strong financial results and achievements in carbon credit projects

From GlobeNewswire: 2025-04-01 06:14:00

Base Carbon Inc. released its year-end 2024 financial results, showing strong free cash flow, increased cash balance, and milestone achievements in carbon credit projects in Rwanda, Vietnam, and India. Despite cyclical headwinds, the company remains confident in the sector’s long-term fundamentals. Base Carbon is focused on nature-based and technology-based removals, with plans for growth opportunities in 2025 and beyond. The Rwanda cookstoves project achieved over 1.7 million Article 6 Authorized carbon credits, valued at $25 million, while the Vietnam project generated $28.0 million from carbon credit sales in 2024. The India ARR project completed planting 6.5 million trees and expects its first carbon credit issuance in 2025. Base Carbon continues to repurchase shares and explore growth opportunities in the environmental markets.



Read more at GlobeNewswire: Base Carbon Reports Year End 2024 Operating and Financial