- Zefiro Methane Corp (ZEFIF, Financial) secures a $2.48 million loan to address a promissory note issue.
- 73.7% increase in gross profit despite an 8.7% decline in Q3 2025 revenue.
- Year-to-date revenue of $24.4 million, marking a 5% increase from 2024.
Zefiro Methane Corp (ZEFIF) has successfully arranged a secured loan of USD $2.48 million to resolve a payment discrepancy concerning a $2 million promissory note from its 2023 acquisition of Plants & Goodwin. The loan is accompanied by a high annual interest rate of 18% for an 18-month term and is secured by Plants & Goodwin common stock. The financing strategy involved issuing 14.95 million warrants to lenders at CAD $0.23 per share with a three-year term.
The financial highlights for Zefiro in the third quarter of the fiscal year 2025 include a reported revenue of $6.9 million, which reflects an 8.7% decrease from $7.5 million in Q2 2025. Despite this decline, Zefiro impressively increased its gross profit by 73.7% to $1 million, showcasing effective operational optimizations. Year-to-date, the company's revenue reached $24.4 million, a 5% uptick compared to the same period in 2024, demonstrating resilience amidst industry slowdowns and economic volatility.
Catherine Flax, a director at Zefiro, participated in the loan with an $800,000 portion, highlighting a related party transaction. The transaction was reviewed and approved by the company's board, adhering to regulatory exemptions.
The secured loan primarily serves the purpose of repaying the promissory note owed to Stephen Plants, linked to Zefiro's acquisition of Plants & Goodwin. With this strategic financial maneuver, Zefiro continues to position itself favorably within the environmental services market, focusing on methane abatement and sustainability initiatives.
