EverGen Infrastructure (EVGN) Q4 2025 earnings summary

Executive summary

• Achieved record Renewable Natural Gas (RNG) production in Q4 2025, up 31% year-over-year to 54,812 GJs.

• Completed key infrastructure milestones, including screening building construction at Pacific Coast Renewables Corp.

• Positive operational momentum from facility optimization and recapitalization efforts.

Financial highlights

• Q4 2025 revenue rose 34% year-over-year to $4.2 million, driven by higher RNG and carbon credit revenues.

• Fiscal year 2025 revenue declined 17% to $11.7 million due to lower tipping volumes in the first nine months.

• Q4 2025 net loss narrowed by $13.8 million to $0.6 million; full-year net loss improved by $12.2 million to $4.9 million.

• Adjusted EBITDA for Q4 2025 increased to $1.3 million from $0.1 million year-over-year; full-year adjusted EBITDA decreased to $2.5 million from $2.9 million.

• Cash and equivalents at year-end were $2.2 million, with a working capital deficit of $0.9 million.

Outlook and guidance

• Focus remains on disciplined execution, asset optimization, and maximizing value for long-term growth.

• Management expects continued growth in core operations and expansion opportunities in North America.