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National Post
3 hours ago
- Business
- National Post
EverGen Infrastructure Reports Q1 2025 Results
Article content Q1 2025 Key Milestones Achieved & Highlights: Article content Article content Record quarterly renewable natural gas ('RNG') production Fraser Valley Biogas ('FVB') achieved record monthly RNG production following the stabilization of the FVB RNG expansion project. Entered into purchase and sale agreement of real property in connection with the disposition of the land on which FVB operates for total purchase price of $2,620,000 Article content VANCOUVER, British Columbia — EverGen Infrastructure Corp. ('EverGen' or the 'Company') (TSXV: EVGN) (OTCQX: EVGIF), today reported financial results as at and for Q1 2025. All amounts are in Canadian dollars unless otherwise stated and have been prepared in accordance with IFRS. Article content Financial Highlights for Q1 2025: Article content Revenues of $1.9 million for Q1 2025 decreased 41% compared to the same period last year, primarily driven by reduced volumes (due to unexpected operating disturbances) resulting in lower tip fee revenue at the Company's organic waste and composting facilities. These declines were partially offset by increased RNG production and associated revenues from FVB and GrowTEC, as well as tip fee increases at the Company's composting facilities. Net loss of $1.2 million for Q1 2025 improved by 11% compared to the same period last year, primarily 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 of $0.5 million for Q1 2025 decreased by $0.2 million compared to the same period last year, 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. RNG production reached a new quarterly record in Q1 2025, driven by the continued ramp-up and stabilization of the FVB RNG expansion project. The FVB facility achieved monthly RNG production record exceeding 12,000 gigajoules (GJs) in both March and April 2025, surpassing the previous high of 11,186 GJs in September 2024. A daily production record of 640 GJs was also set in October 2024. Article content Three months ended Mar 31, 2025 Mar 31, 2024 $ Change % Change FINANCIAL Revenue 1,909 3,227 (1,318) (41) Net loss (1,202) (1,326) 124 (9) Net loss per share ($), basic and diluted (0.08) (0.10) 0.02 (20) EBITDA (1) (33) 217 (250) (115) Adjusted EBITDA (1) 450 654 (204) (31) Total assets 77,560 94,241 (16,681) (18) Total long-term liabilities 26,878 30,255 (3,377) (11) Cash and cash equivalents and restricted cash 1,502 717 785 109 Working capital deficit (1) (1,913) (1,064) (849) 80 COMMON SHARES (thousands) Outstanding, end of period 14,059 13,918 141 1 Weighted average – basic & diluted 14,041 13,905 136 1 OPERATING RNG (gigajoules) 43,014 35,440 7,574 21 Incoming organic feedstock (tonnes) 12,809 17,986 (5,177) (29) Organic compost and soil sales (yards) 642 2,179 (1,537) (71) Electricity (MWh) 763 851 (88) (10) Article content (1) Please refer to 'Non-GAAP Measures'. Article content Closing of Private Placement & Management Change (Subsequent Event to Q1 2025): Article content In May 2025, EverGen announced closing of first tranche of private placement for gross aggregate proceeds of CAD$5,000,000 and completed a change of management. See full press release filed on SEDAR+. Article content Further Information & Conference Call Details For further information on the results please see the Company's Consolidated Financial Statements and Management's Discussion and Analysis filed on SEDAR+ at and on EverGen's website at EverGen will hold a results and corporate update conference call at 11:30 a.m. Eastern Time on Tuesday, June 3, 2025, hosted by Chief Executive Officer, Chase Edgelow. Article content EverGen, Canada's Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer which acquires, develops, builds, owns, and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond. Article content For more information about EverGen Infrastructure Corp. and our projects, please visit Article content Non-GAAP Measures Article content EverGen uses certain financial measures referred to in this press release to quantify its results that are not prescribed by IFRS. The terms EBITDA, adjusted EBITDA and working capital are not recognized measures under IFRS and may not be comparable to that reported by other companies. EverGen believes that, in addition to measures prepared in accordance with IFRS, the non-IFRS measurement provide useful information to evaluate the Company's performance and ability to generate cash, profitability and meet financial commitments. These non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for other measures of performance prepared in accordance with IFRS. EBITDA is defined as net income (loss) before interest, tax and depreciation and amortization. Adjusted EBITDA is EBITDA adjusted for share-based payment expenses, unusual or non-recurring items, contingent consideration gains and losses and non-controlling interests in adjusted EBITDA. Working capital is calculated as current assets less current liabilities. Article content This news release contains certain forward-looking statements and/or forward-looking information (collectively, 'forward looking statements') within the meaning of applicable securities laws. When used in this release, such words as 'would', 'will', 'anticipates', 'believes', 'explores', 'expects' and similar expressions, as they relate to EverGen, or its management, are intended to identify such forward-looking statements. More particularly, and without limitation, this press release contains forward looking statements and information concerning the Company's expectations regarding revenue growth and future financial or operating performance. Such forward-looking statements reflect the currentviews of EverGen with respect to future events, and are subject to certain risks, uncertainties and assumptions. Many factors could cause EverGen's actual results, performance or achievements to be materially different from any expected future results, performance or achievement that may be expressed or implied by such forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits EverGen will derive therefrom, and accordingly, readers are cautioned not to put undue reliance on the forward-looking statements contained in this press release. Article content The Company cautions that these forward-looking statements are subject to numerous risks and uncertainties, including but not limited to: the impact of general economic conditions in Canada, including the current inflationary environment; industry conditions including changes in laws and regulations and/or adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, in Canada; volatility of prices for energy commodities; change in demand for clean energy to be offered by EverGen; competition; lack of availability of qualified personnel; obtaining required approvals of regulatory authorities in Canada; ability to access sufficient capital from internal and external sources; optimization and expansion of organic waste processing facilities and RNG feedstock; the realization of cost savings through synergies and efficiencies expected to be realized from the Company's completed acquisitions; the sufficiency of EverGen's liquidity to fund operations and to comply with covenants under its credit facility; continued growth through strategic acquisitions and consolidation opportunities; continued growth of the feedstock opportunity from municipal and commercial sources, and the factors discussed under 'Risk Factors' in the Company's Annual Information Form dated April 22, 2024, which is available on SEDAR+ at many of which are beyond the control of EverGen. Forward-looking statements included in this news release should not be read as guarantees of future performance or results. The forward-looking statements contained in this release are made as of the date of this release, and except as may be expressly required by applicable law, EverGen disclaims any intent, obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein whether as a result of new information, future events or results or otherwise. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. Article content Article content Article content Article content Article content Article content
National Post
3 hours ago
- Business
- National Post
A look at Brad Treliving's work two years into his tenure as Maple Leafs GM
Article content Happy anniversary, Brad Treliving. Article content In the two years since the Maple Leafs hired Treliving to be the 18th general manager in franchise history, the 55-year-old has set the team on a new course, one that took greater shape when head coach Craig Berube was brought on board last spring. Article content In a perfect Treliving world, the Leafs will be a team that evolves into one of the top defensively responsible outfits in the National Hockey League, to the point that it becomes an annual Stanley Cup contender. In the wake of another frustrating exit from the playoffs, this time culminating in a Game 7 loss to the Florida Panthers in the second round, the Leafs aren't there yet. Article content 'We fell short of where we wanted to be, and we fell short of where I thought we could be,' Treliving said on Thursday at his end-of-season availability. 'There was a style of play I felt we needed to get to (in hiring Berube). It's a style of play that I feel gives you the best chance to have success. We're seeing it. Article content 'You see it prevalent in our division. It's a direct style, it's a style that you have to be a heavy, forechecking team.' Article content The loss to Florida aside, the Leafs have taken strides in Treliving's two years in the GM chair. Article content Let's take a look at the past 24 months: Article content Of the trades that Treliving has made, including a couple of draft deals that included only picks, one stands out above the rest. Article content We take you back to last June, when Treliving sent minor-league forward Max Ellis (who played this past season in Finland) and a seventh-round choice in 2026 to the Dallas Stars for the rights to free agent defenceman Chris Tanev. Article content Treliving has earned a reputation as a GM whose curiosity has him checking in on just about every player who may be available. Yet his pursuit of Tanev was unwavering. Treliving coveted a reunion with Tanev after working with him with the Calgary Flames. And after he was unable to trade for Tanev at the 2024 trade deadline, Treliving made it work a few months later. Article content Article content Within days, Tanev put his signature on a six-year contract with an average annual value of $4.5 million and the Leafs officially had their defensive linchpin. Article content Tanev quickly established himself as being representative of just about everything Treliving wants in his defencemen. When Tanev isn't blocking shots, he's sharp in the D zone and rarely gets caught out of position. Moving the puck is done with ease. Article content Tanev will turn 36 in December, but there wasn't one instance in his first season with the Leafs where his age was a detriment. Article content Treliving gave an indication of the longer, bigger defencemen he envisioned as being the poster boys of the Leafs blue line when he acquired Ilya Lyubushkin and Joel Edmundson at the '24 deadline. Both moved on in free agency last summer, but Treliving had laid the groundwork for his vision. Article content included saying goodbye to 2017 first-round pick Timothy Liljegren. Failure to adjust to the physical nature now required by Leafs D-men led Liljegren to being traded to the San Jose Sharks last October. A couple of draft picks and depth defenceman Matt Benning, who spent the rest of the season with the Toronto Marlies, were fetched by Treliving in the trade.
National Post
3 hours ago
- Business
- National Post
Calgary Flames promote Trent Cull to full-time assistant, announce Brad Larsen will return
The Calgary Flames have rewarded Trent Cull with a permanent promotion, while Brad Larsen is ready to return and Dan Lambert has been released from his contract and will be looking for work elsewhere. Article content Article content The Flames announced those updates on Friday afternoon, essentially finalizing their coaching staff for the 2025-26 campaign. Article content Cull was previously the skipper for the AHL's Wranglers, but he spent the second half of this season on the big-league bench after Larsen was granted a leave of absence for family reasons. Article content Article content The 51-year-old Cull made such a positive impact — on the penalty-kill units, in particular — that he's now been named a full-time assistant on Ryan Huska's crew. Article content The Flames are also thrilled to welcome back Larsen, a valuable sounding board for Huska since he has previous experience as both a player and a head coach at the highest level. Larsen, now 47, was hired as an assistant last June. He has been away from the organization since early December. Article content Lambert, who had one year remaining on his contract in Calgary, is the odd man out. He was responsible for the defence in 2024-25. Article content 'Facing a challenging situation last season, Trent stepped in and was very impressive managing his assignments with our NHL club,' said Flames general manager Craig Conroy in Friday's announcement. 'We thank Dan for his contributions to the organization during the past two seasons and wish him every success with his future in the game.' Article content Cull's promotion means the Wranglers will be searching for a new shot-caller. With the stockpile of exciting prospects who will be developing next season at the AHL level, that's considered a very important post. Article content
National Post
3 hours ago
- Business
- National Post
Everybody Loves Languages Reports Financial Results for the First Quarter Ended March 31, 2025
Article content TORONTO — Everybody Loves Languages Corp. (' ELL ') (TSX-V: ELL; OTC: LMDCF; FSE: LIMA), an edtech language learning edutainment and content development company, announces its financial results for the first quarter ended March 31, 2025. All figures are reported in Canadian Dollars and are in accordance with International Financial Reporting Standards unless otherwise noted. Article content Article content Q1 2025 Financial Highlights Article content First Quarter Ended March 31 st 2025 2024 Revenue $ 362,953 $ 149,977 Operating and development expenses 521,276 492,225 Loss before amortization, share-based payments, depreciation, finance charges and taxes (158,323) (436,754) Amortization, share – based payments, and depreciation 10,163 14,408 Finance charges, taxes and foreign exchange 2,948 (56,195) Net loss (171,434) (300,461) Loss for the period attributable to: Non-controlling interest (7,010) (6,981) Shareholders of Everybody Loves Languages Corp. (164,424) (293,480) Total comprehensive income (170,506) (312,327) Total comprehensive loss for the period attributable to: Non-controlling interest (7,010) (6,981) Shareholders of Everybody Loves Languages Corp. (163,496) (305,346) Earnings per share (basic) $ (0.00) $ (0.01) Earnings per share (fully diluted) $ (0.00) $ (0.01) Article content Revenue for the first quarter ended March 31, 2025 totalled $362,953 as compared to $149,977 in Q1 2024. Operating and development expenses for the quarter ended March 31, 2025, totalled $521,276 compared to $492,225 in Q1 2024. Net loss for the quarter ended March 31, 2025, totalled $(171,434) or $(0.00) loss per share (basic) based on 35.6 million shares or $(0.00) loss per share (diluted) based on $36.1 million shares as compared to a net loss of $(300,461) for 2024 or $(0.01) loss per share (basic and fully diluted). Loss before amortization, share-based payments, depreciation, finance charges and taxes was $(158,323) compared to $(436,754) in 2024. Article content 'Everybody Loves Languages has introduced several important new features, most notably an AI-based tutor named AVI. We remain committed to enhancing our platform and are optimistic about a positive response from the market,' said Gali Bar-Ziv, President & CEO of Everybody Loves Languages. Article content The interim condensed financial statements for the quarter ended March 31, 2025, and Management Discussion & Analysis are available at Article content About Everybody Loves Languages Corp. (TSX-V: ELL; OTC: LMDCF; FSE: LIMA): Article content Everybody Loves Languages Corp. is an edtech language-learning and content development company empowering language educators to easily transition from traditional teaching methods to digital learning by integrating education, edutainment, and technology. Article content The company provides online and print-based solutions through two distinct business units: Everybody Loves Languages Inc. and Lingo Learning Inc. Everybody Loves Languages is a state-of-the-art technology platform that delivers personalized learning experiences in classrooms and online. Its programs provide innovative SaaS-based eLearning solutions, including online and offline content, a learning management system, assessments, real-time reports, speech recognition technology, and white-label tools. At the same time, Lingo Learning is the content development arm and co-publishes print-based English language learning materials in China. Article content Everybody Loves Languages has established successful relationships with key government and industry organizations internationally, with a presence in LATAM and China, and continues to expand its product offerings and extend its market reach. Article content Portions of this press release may include 'forward-looking statements' within the meaning of securities laws. These statements involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. These statements are based on management's current expectations and involve certain risks and uncertainties. Actual results may vary materially from management's expectations and projections and thus readers should not place undue reliance on forward-looking statements. Everybody Loves Languages has tried to identify these forward-looking statements by using words such as 'may,' 'should,' 'expect,' 'hope,' 'anticipate,' 'believe,' 'intend,' 'plan,' 'estimate' and similar expressions. Everybody Loves Languages' expectations depend upon general economic conditions, the continued and growth in demand for its products, retention of its key management and operating personnel, its need for and availability of additional capital and other uncontrollable or unknown factors. No assurance can be given that the actualresults will follow the forward-looking statements. Except as otherwise required by securities laws, Everybody Loves Languages undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, changed circumstances or any other reason. Certain factors that can affect the Company's ability to achieve projected results are described in the Company's filings with the Canadian securities regulators available on Article content Article content Article content Article content Article content Article content
National Post
3 hours ago
- Business
- National Post
Trump says he will double tariffs on steel imports to 50 per cent
Article content WASHINGTON — U.S. President Donald Trump said on Friday that he will double the tariffs on steel imports to 50 per cent. Article content Article content 'We are going to bring it from 25 per cent to 50 per cent the tariffs on steel into the United States of America which will even further secure the steel industry in the United States,' Trump told steelworkers during a rally in Pittsburgh. Article content Article content A post on social media from the White House said the boosted duties would go into place next week. Article content Article content In March Trump put 25 per cent tariffs on steel and aluminum imports to the United States. The president has said his sweeping tariffs will bring manufacturing back to the United States. Article content As the duties have increased with Trump's tariffs, the government's producer price index found the price of steel products has increased roughly 16 per cent. Article content Trump on Friday said he was thinking about a 40 per cent tariff, but said 'the group' wanted it to be 50 per cent. Article content Trump announced the increased tariffs during a rally to celebrate a deal between Japan-based Nippon Steel and U.S. Steel. Trump said U.S. Steel will stay an American company, but few details of the deal have been made public. Article content Nippon Steel issued a statement approving of the proposed 'partnership.' It's not clear if a deal has been finalized. Article content
