OSTROM CLIMATE REPORTS FISCAL Q1 2026 FINANCIAL STATEMENTS

VANCOUVER, BC , June 1, 2026 /CNW/ - Ostrom Climate Solutions Inc. ("Ostrom" or the "Company") (TSXV: COO ) (Frankfurt: 9EAA), a leading provider of carbon project development, net-zero climate solutions, and carbon credit marketing and trading, today announced its unaudited financial results for the first quarter ended March 31, 2026. First Quarter Financial Highlights: Q1 2026 revenue totaled $1,743,742, a significant increase from $633,964 in Q1 2025, primarily due to higher Verified Emission Reduction (VER) sales and the recognition of deferred revenue from prior VER sales following the purchase and retirement of VERs. Gross profit for the quarter was $1,498,251, compared to $320,695 in Q1 2025, reflecting high-margin recognition of deferred revenue through opportunistically timed VER purchases and retirements. The Company reported net income of $693,196, compared to a net loss of $716,357 in Q1 2025. Adjusted net income was $982,741 compared to an adjusted net loss of $434,123 in Q1 2025, excluding share-based compensation, milestone-based consulting fees intended for share settlement and Smart-Rice Project R&D expenses. Operating expenses declined to $761,017 from $959,474 in Q1 2025, reflecting continued cost discipline, lower consulting and salary costs, lower professional fees and lower share-based payments, partially offset by higher Smart-Rice R&D and SG&A expenses. Operational and Strategic Developments: The Company achieved another quarter of promising revenue and profit performance, driven mainly by VER trading activity at high profit margins. Ostrom continued to focus on compliance market opportunities, including British Columbia Output-Based Pricing System (BC OBPS) eligible credits, while acknowledging expected seasonality around the November 30 compliance deadline. The Company continued to advance its strategic focus on Carbon Project Dev