Base Carbon reports Q1 revenue of $0.8mln, repurchases 4.45mln shares.

• Base Carbon reports Q1 2025 financial results • Carbon credit sales revenue: $0.8mln • Normal course issuer bid repurchases: 0.7mln shares • Subsequent repurchase and cancellation: 3.75mln shares • Q4 2025 operational highlights: 4th consecutive quarter of carbon credit sales revenue • Water purifier carbon credit monetization in Vietnam • Investor update call on May 27th at 11:00am ET

Base Carbon Inc. (Cboe CA: BCBN) (OTCQX: BCBNF) has released its first-quarter 2025 financial results, marking the company's fourth consecutive quarter of carbon credit sales. The company generated $0.8 million in net cash proceeds from Vietnam water purifier carbon credit monetization and reported total assets of $112.3 million, including $13.4 million in cash and $25.6 million in carbon credit inventory [1].

The company achieved a comprehensive income of $518,000 for Q1 2025, compared to a loss of $19.8 million in Q1 2024. Base Carbon repurchased over 0.7 million shares during Q1, with an additional 3.75 million shares repurchased post-quarter, reducing total outstanding shares to 104.75 million [1].

The Vietnam project has generated total cash payments of $35.2 million to date, resulting in full capital repayment and a $14.4 million cash gain [1]. The company will host an investor update call on Tuesday, May 27th at 11:00 a.m. Eastern Time [1].

References:
[1] https://www.stocktitan.net/news/BCBNF/base-carbon-reports-first-quarter-2025-operating-and-financial-s07pgikmv8y6.html