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ONEnergy Inc. Files Financial Results and Provides Corporate Update
TORONTO, CANADA — August 28, 2025 — Leads & Copy — ONEnergy Inc. (NEX: OEG.H) announced it has filed its financial results as at and for the three- and six-month periods ended June 30, 2025, and provided a corporate update.
For the three-month period ended June 30, 2025, the net loss and comprehensive loss was ($118,000) compared to net income and comprehensive income of $10,321,000 during the same period in 2024.
For the six-month period ended June 30, 2025, net loss and comprehensive loss was ($297,000) compared to net income and comprehensive income of $10,102,000 during the same period in 2024.
Net income and comprehensive income for the three- and six-month periods ended June 30, 2024, included a gain on settlement of unsecured liabilities of $10,480,000 related to a Division I proposal implemented pursuant to the Bankruptcy and Insolvency Act (Canada) on June 26, 2024.
Between May 23, 2025, and August 28, 2025, Stephen J.J. Letwin, a director and Chairman of the Board of Directors, provided advances under a secured grid promissory note (the “Secured Note”) to the Company totaling $53,000. The Secured Note is not convertible into securities of the Company, is secured by a first-ranking security over the Company’s assets, permits repayments and additional drawdowns, and bears an annual interest rate at 10%.
Ray de Ocampo, Chief Financial Officer, irinfo@onenergyinc.com, +1 (647) 253-2534
Source: ONEnergy Inc.