Base Carbon Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Other Revenue	2.19	1.81	27.95	6.42	-	-
Revenue	2.19	1.81	27.95	6.42	-	-
Revenue Growth (YoY)	-92.38%	-93.52%	335.44%	-	-	-
Cost of Revenue	11.72	6.9	0.71	0.16	-	-
Gross Profit	-9.53	-5.09	27.24	6.26	-	-
Selling, General & Admin	5.13	6.02	6.79	6.31	5.56	1.51
Operating Expenses	5.31	6.2	7	6.66	6.76	2.47
Operating Income	-14.84	-11.29	20.24	-0.4	-6.76	-2.47
Interest Expense	-0.01	-0.01	-0.03	-0	-	-
Interest & Investment Income	0.2	0.25	0.15	0.22	0.56	-
Earnings From Equity Investments	-	-	-	-0.21	-0.7	-0.14
Currency Exchange Gain (Loss)	0.01	0.02	-0.01	0.02	-2.12	-0.32
Other Non Operating Income (Expenses)	-0.75	0.25	-	-0.04	-0.21	-0.13
EBT Excluding Unusual Items	-15.39	-10.78	20.36	-0.42	-9.23	-3.06
Gain (Loss) on Sale of Investments	14.12	11.3	-47.06	104.68	0.34	-
Asset Writedown	-	-	-	-	-5.98	-
Other Unusual Items	-	-	-	-	-0.66	-
Pretax Income	-1.28	0.52	-26.7	104.27	-15.53	-3.06
Income Tax Expense	0.06	0.28	2.21	5.99	-	-
Earnings From Continuing Operations	-1.34	0.25	-28.91	98.27	-15.53	-3.06
Minority Interest in Earnings	-	-	-	-	0.05	0
Net Income	-1.34	0.25	-28.91	98.27	-15.47	-3.06
Net Income to Common	-1.34	0.25	-28.91	98.27	-15.47	-3.06
Shares Outstanding (Basic)	104	105	115	121	126	67
Shares Outstanding (Diluted)	104	107	115	121	126	67
Shares Change (YoY)	-7.95%	-7.19%	-5.00%	-3.71%	88.47%	-
EPS (Basic)	-0.01	0.00	-0.25	0.82	-0.12	-0.05
EPS (Diluted)	-0.01	0.00	-0.25	0.81	-0.12	-0.05
Free Cash Flow	-6.32	-5.32	16.43	-8.02	-29.57	-1.85
Free Cash Flow Per Share	-0.06	-0.05	0.14	-0.07	-0.23	-0.03
Gross Margin	-	-280.84%	97.47%	97.50%	-	-
Operating Margin	-677.18%	-623.36%	72.43%	-6.29%	-	-
Profit Margin	-60.93%	13.53%	-103.42%	1531.16%	-	-
Free Cash Flow Margin	-288.59%	-293.76%	58.77%	-125.00%	-	-
EBITDA	-14.78	-11.24	20.29	-0.38	-6.76	-
EBITDA Margin	-	-	72.61%	-5.89%	-	-
D&A For EBITDA	0.05	0.05	0.05	0.03	0	-
EBIT	-14.84	-11.29	20.24	-0.4	-6.76	-2.47
EBIT Margin	-	-	72.43%	-6.29%	-	-
Effective Tax Rate	-	53.24%	-	5.75%	-	-
Revenue as Reported	2.19	1.81	28.03	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.