EverGen Infrastructure Corp. Reports Q1 2025 Results: Revenue Down 41%, RNG Production Hits New Quarterly Record

EverGen Infrastructure Corp. reported Q1 2025 revenues of $1.9 million, down 41% YoY, due to reduced volumes and lower tip fee revenue at its organic waste and composting facilities. Net loss improved by 11% to $1.2 million, while RNG production reached a new quarterly record. The company also announced the closing of a private placement for CAD$5,000,000 and completed a management change.

EverGen Infrastructure Corp. (TSXV: EVGN, OTCQX: EVGIF) has released its Q1 2025 financial results, revealing a significant drop in revenues and a notable improvement in net loss compared to the same period last year. The company's revenue decreased by 41% to $1.9 million, primarily due to reduced volumes and lower tip fee revenue at its organic waste and composting facilities. Despite this, EverGen achieved a new quarterly record in renewable natural gas (RNG) production, driven by the stabilization of the Fraser Valley Biogas (FVB) RNG expansion project [1].

The net loss for Q1 2025 improved by 11% to $1.2 million, largely due to lower direct operating costs, depreciation and amortization expense, and finance costs, partially offset by lower revenues and a decrease in insurance proceeds. Adjusted EBITDA also decreased by $0.2 million to $0.5 million, primarily due to reduced revenues and lower insurance proceeds, partially offset by a decrease in direct operating costs and an increase in non-recurring general and administrative expenses [1].

In addition to its financial results, EverGen announced the closing of a private placement for CAD$5,000,000 and completed a change of management. The company also entered into a purchase and sale agreement for real property connected to the disposition of the land on which FVB operates, with a total purchase price of $2,620,000 [1].

EverGen Infrastructure Corp. is a renewable energy producer focused on Canada, with continued growth expected across other regions in North America and beyond. The company's portfolio includes renewable natural gas, waste-to-energy, and related infrastructure projects.

References:
[1] https://markets.ft.com/data/announce/detail?dockey=600-202505302014BIZWIRE_USPRX____20250530_BW857466-1