Evergen Infrastructure Corp.

Welcome to the Evergen Infrastructure's first quarter 2026 earnings results presentation. During the presentation, all participants will be in the listen-only mode. Participants may submit questions using the Q&A box at the bottom of the screen. These questions will be answered following the presentation. As a reminder, this call is being recorded. Before we begin, I would like to direct all participants to our website at www.evergeninfo.com, where you'll find a copy of the first quarter earnings presentation. Please allow me to remind you that our discussion today contains forward-looking statements. Actual results may vary materially from those discussed. Additional information is contained in the first quarter 2026 Management Discussion Analysis. I will now turn the call over to Chase Edgeville, Evergen's Chief Executive Officer.

Hello, and welcome, everyone, to our Q1 next. For Evergen, the last 12 months have marked a period of transition. Since our recapitalization transaction that occurred in May 2025, the focus has been on three priorities. One, completing our refinancing, which occurred in terms of our debt refinancing in Q1 and stabilizing the business. Secondly, optimizing our operational performance from our existing assets, putting in place lasting and sustainable operating systems, as well as the culture and mindset to succeed. And thirdly, looking ahead to growth. In terms of our platform reset, we have been able to continue to show the fruits of the labors from the disciplined operating performance culture that our team has brought forward into Q1. In terms of the benefits, we see that in stronger R&D production and ultimately improved operational performance. Before I turn it over to Maria to touch on our Q1 financial results, I'll just take a moment here to reminds our shareholders and investors and others joining the call of our current position. So following the recapitalization transaction and financings that occurred in Q1 and May 2025, we are left with a shareholder composition that is approximately 72% held by board management and institutional ownership. What this means is we've got a very strong supportive base of high net worth at family offices, of institutional investors like pension funds, and we remain focused on the business. From a market capitalization standpoint, our market capitalization is approximately $10 million, with $17 million of capital debt primarily held at the asset level. And what this means for the company is that there is a significant amount of torque to the upside as we continue to demonstrate our financial results. And we also have flexibility, balance sheet flexibility, to do more outside of our existing portfolio, given that we've reduced our corporate debt. And so with that, I'll turn it over to Maria, given that we've recently come off of our Q4 results, and to provide an update almost 30 days later here, Maria. Take it over.

Thanks, Chase. As Chase already mentioned, Q1 was an important quarter of execution with the closing of the USTC debt facility and the closing of the second tranche of the prior placement. and the results for the continued progress that is being made to strengthen the business as well. Turning to the numbers for Q1 2026, revenues increased 38% compared to Q1 of the prior year, reaching 2.6 million. This is primarily driven by higher volumes at our organic and waste and composting facilities as operations return to more normal levels at that site. RNG revenues also increased 25% year over year, driven by continued production growth at Fraser Valley Biogas and Brotek. Compared to Q4 2025, revenues were lower at 2.6 million versus 4.2 million. This reflects the normal seasonality of our business. And also Q4 2025 had also benefited from credit and credit sales. And that did not occur in Q1 mainly due to this timing settlement of those sales. And turning to adjusted EBITDA, Q1 2026 came in at 870,000, which represents a 420,000 or 93% increase compared to Q1 2025. This was largely driven by improved operations and the revenue improvements already mentioned. Compared to Q4 2025, adjusted EBITDA was lower, which reflects the already mentioned normal seasonality of the business, and then also Q4 2025 had benefited from those carbon credit sales. On the balance sheet and liquidity, the Q1 financing transactions that we've already touched on and that were discussed on the previous call have had a meaningful impact. Our working capital position improved to a surplus of $2.1 million at the end of Q1 2026, compared to a working capital deficit of $1.9 million in March of last year and a deficit of $8. $855,000 at the end of 2025. This reflects the tangible impact of the refinancing and private placement that was completed in January. Overall, the Q1 results reflect the continued improvement in our core operations, and the balance sheet is now in a much stronger position than it would have been a year ago. With that, I'll turn it back to Chase to continue the presentations.