07:47 AM EST, 11/21/2025 (MT Newswires) -- Renewable energy producer EverGen Infrastructure ( EVGIF ) overnight Thursday reported a widened net loss in the third quarter due to a fall in both revenue and in contingent consideration gain associated with the GrowTEC acquisition.

For the three-months ended Sept. 30, net loss was $1.1 million or $0.05 loss per share, compared with $0.5 million or $0.02 loss per share, a year earlier.

Revenue for the quarter decreased to $2.8 million compared with $3.6 million, a year-ago. The company cited lower tipping revenues resulting from reduced volumes received at its organic waste and composting facilities, as the company "continued to focus on increased screening activities."

"While optimization activities continue to impact near-term revenues, they are essential to positioning EverGen for scalable growth in 2026 and beyond, said EverGen Chief Executive Chase Edgelow. "With refinancing and additional equity expected to close in Q4, we are well positioned to unlock shareholder value and reinforce our long-term vision as Canada's leading RNG infrastructure platform."

Shares of the company last traded on Nov. 19, closing at $0.455 on the TSX Venture Exchange.