Company making steady progress with revenues rising
ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (OTCQB US: ZEFIF) (the “Company”, “Zefiro”, or “ZEFI”) today announced the Company’s consolidated financial results for the fiscal quarter ended December 31, 2024 (“fiscal quarter 2”).
- Zefiro generated revenue of $7.5 million USD for fiscal quarter 2, an approximate 9% increase compared to the quarter ending December 31, 2023. The second fiscal quarter is seasonally affected by interruptions in environmental remediation operations due to adverse weather conditions, which are expected to be mitigated by further expansion into Texas, Oklahoma, and Louisiana.
- The Company yielded gross profit of $0.6 million USD in fiscal quarter 2.
- Revenue for the second half of 2024 increased 18% to $17.5 million USD as compared to $14.8 million USD for the comparable 2023 period, exhibiting growth in core operations.
Please refer to Zefiro’s SEDAR+ profile at <u>www.sedarplus.ca/</u> for full filings containing these financial results.
Zefiro Founder and Chief Executive Officer Talal Debs PhD commented, “As our team continues to dig in for what is expected to be the Company’s busiest year yet, Zefiro is primed to implement a variety of short and long-term growth plans that aim to solve unaddressed market demands. By bolstering our operational capacity, Zefiro’s well remediation and carbon market specialists have positioned the Company to expand its footprint in key regions, enter a host of new North American markets, and accelerate commercial momentum.”
