Carbon Streaming Announces Financial Results for the Three and Nine Months Ended September 30, 2026, and Announces Changes to its Board of Directors

TORONTO, Nov. 09, 2026 (GLOBE NEWSWIRE) -- Carbon Streaming Corporation (Cboe CA: NETZ) (OTCID: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) today reported its financial results for the three and nine months ended September 30, 2026. The Company also announces the appointment of Scott Griffin to its Board of Directors and the resignation of Sam Wong. All figures are expressed in United States dollars, unless otherwise indicated.

Quarterly Highlights * In September 2026, entered into an agreement with Community Carbon and UpEnergy Group (the “UPE Parties”) to sell the Company’s interest in the Community Carbon Stream, together with its remaining carbon credit inventory under the Community Carbon Stream, for total consideration of $6.0 million (the “Community Carbon Buyout Agreement”). In early October 2026, the Community Carbon Buyout Agreement closed and the Company collected the full consideration of $6.0 million. See “Portfolio Updates” below. Following closing, as of November 9, 2026, the Company had $42.0 million in cash (C$43.6 million and US$11.1 million), or C$60.8 million equivalent in cash and publicly listed securities, with the securities included at cost. The publicly listed securities are trading higher than the cost base. * Ended the quarter on September 30, 2026 with $36.3 million in cash (C$43.9 million and US$5.3 million; C$51.4 million equivalent) and no corporate debt. The Company continues to earn interest income on its cash. * Operating loss of $0.8 million and $3.9 million for the three and nine months ended September 30, 2026, respectively (three and nine months ended September 30, 2025 – $0.3 million and $3.5 million, respectively). * Recognized net income of $1.8 million and $0.4 million for the three and nine months ended September 30, 2026, respectively (three and nine months ended September 30, 2025 – net income of $0.6 million and net loss of $1.5 million, respectively), primarily driven by the gain on contract settlement recognized in connection with the Community Carbon Buyout Agreement. * As of November 9, 2026, the Company has two full-time employees, with a total salary rate of C$36.25 thousand per month. * The CEO continues to work at no salary, as do all of the directors, and no fees of any kind have been charged by them to the Company. Carbon Streaming Chief Executive Officer Marin Katusa stated: “During the third quarter of 2026, Carbon Streaming continued the mandate to strengthen its financial position and maximize value from its existing assets and further reduce operating costs. We entered into a new agreement for the sale of our interest in the Community Carbon Stream and, in early October, we closed the transaction and collected the full $6.0 million in cash. The corporate priority continues to be to maximize value from our existing assets while exploring all strategic options to enhance shareholder value which includes acquisitions, divestments, corporate transactions, and strategic partnerships.