TORONTO, May 28, 2025 (GLOBE NEWSWIRE) — CF Energy Corp. (TSX-V: CFY) (“CF Energy” or the “Company”, together with its subsidiaries, the “Group”), an energy provider in the People’s Republic of China (the ”PRC” or “China”), announces that the Company has filed its unaudited interim consolidated financial results for the three-month period ended March 31, 2025.  Revenue in Q1 2025 was RMB105.0 million (approx. CAD20.7 million), a decrease of RMB44.0 million (approx. CAD7.3 million), or 30%, from RMB149.0 million (approx. CAD28.0 million) for the three-month period ended March 31, 2024 (“Q1 2024”).Net profit in Q1 2025 was RMB1.6 million (approx. CAD0.3 million), a decrease of RMB8.3 million (approx. CAD1.6 million) from RMB9.9 million (approx. CAD1.9 million) in Q1 2024. On a comparable basis, after excluding the government financial assistance of RMB0.2 million (approx. CAD0.0 million), the adjusted net profit in Q1 2025 (non-GAAP) was RMB1.4 million (approx. CAD0.3 million), a decrease of RMB8.5 million (approx. CAD1.6 million), or 85% from RMB9.9 million in Q1 2024.EBITDA (non-GAAP) in Q1 2025 was RMB21.9 million (approx. CAD4.3 million), a decrease of RMB7.7 million (approx. CAD1.3 million), or 26%, from RMB29.6 million (approx. CAD5.6 million) in Q1 2024. After excluding the government financial assistance of RMB0.2 million (approx. CAD0.0 million), the adjusted EBITDA in Q1 2025 (non-GAAP) was RMB21.7 million (approx. CAD4.3 million), a decrease of RMB7.9 million (approx. CAD1.3 million), or 27% from RMB29.6 million in Q1 2024 on a comparable basis.Chief Financial Officer
[email protected] Secretary of the Board
[email protected] of the Board
[email protected]
(GlobeNewsWire)