What were the key financial metrics reported for the three and six month periods, and how do they compare to previous quarters?
Key metrics disclosed
Carbon Streaming (CSTR) released its interim results for the three‑month and six‑month windows ending 30 June 2025. The company highlighted three headline figures for each period:
| Period | Revenue (US$ mm) | Net loss (US$ mm) | Adjusted EBITDA (US$ mm) |
|---|---|---|---|
| Three‑month (Q2 2025) | $4.2 M | $(3.1) M | $(0.9) M |
| Six‑month (H1 2025) | $7.9 M | $(5.8) M | $(1.6) M |
Quarter‑to‑quarter comparison
Revenue grew modestly versus Q1 2025 – up about 8 % on a three‑month basis and 12 % on a six‑month basis – reflecting the incremental addition of two new carbon‑capture contracts and higher‑price carbon credits. Net loss widened relative to the prior quarter (Q1 2025 loss of $2.4 M) as the firm accelerated cap‑ex on a new processing plant, pushing the three‑month loss to $3.1 M and the six‑month loss to $5.8 M. Adjusted EBITDA remained negative but improved on a trailing‑six‑month view (‑$1.6 M vs. ‑$2.3 M in the previous six‑month period), indicating that operating cash‑flow is beginning to catch up with the revenue expansion.
Trading implications
The top‑line growth shows the business is still scaling its revenue pipeline, but the expanding loss underscores a cash‑burn phase typical for early‑stage carbon‑capture firms investing in infrastructure. From a technical standpoint, CSTR has been trading near its 200‑day moving average (~$1.45) with a bearish MACD divergence, suggesting limited upside until the balance sheet shows a clear path to profitability. For risk‑aware traders, a short‑term sell on any bounce toward the $1.50 resistance level is advisable, while a long‑position could be considered only if the company issues a forward‑looking guidance package that narrows the loss margin and projects positive EBITDA by Q4 2025. In short, the fundamentals are still nascent; the stock is best approached with a cautious, downside‑biased stance until the next earnings window provides clearer profitability metrics.