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CALGARY - Karbon-X Corp. (OTCQX:KARX), a climate solutions company, reported revenue of $3.16 million for the fiscal year ended May 31, 2025, compared to $410,000 in the previous year, according to a Form 10-K filing announced Wednesday.
The company also recognized $3.86 million in deferred revenue from forward carbon credit contracts, including those acquired through its ALLCOT Group acquisition. The filing showed $3.79 million in receivables from forward carbon credit sales.
The fiscal year 2025 marked the first full year of active carbon credit trading for Karbon-X, which completed the acquisition of ALLCOT Group during the period. This acquisition expanded the company’s global presence and integrated additional expertise into its operations.
Karbon-X also launched trading operations during the fiscal year and entered partnerships with energy producers and the BK Dukes, which contributed to its receivables.
"2025 was a pivotal year for Karbon-X," said Chad Clovis, CEO of Karbon-X, in the press release statement.
The company indicated it plans to continue expanding its role in both compliance and voluntary carbon markets while developing new partnerships and scaling its portfolio of climate solutions.
Karbon-X describes itself as a vertically integrated climate solutions company that provides services from project origination and emissions quantification to third-party verification, credit issuance, and market distribution.
The financial results were included in the company’s Form 10-K filing, which is available on OTC Markets.
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