New Risk • May 05
New minor risk - Financial position The company has negative equity. Total equity: -CA$3.1m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$3.1m). Market cap is less than US$10m (CA$6.85m market cap, or US$5.03m). Minor Risk Reported Earnings • Nov 30
Third quarter 2025 earnings released: EPS: CA$0 (vs CA$0.012 loss in 3Q 2024) Third quarter 2025 results: EPS: CA$0 (improved from CA$0.012 loss in 3Q 2024). Revenue: CA$6.12m (up CA$5.73m from 3Q 2024). Net income: CA$50.7k (up CA$1.32m from 3Q 2024). Profit margin: 0.8% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 31
Second quarter 2025 earnings released: CA$0.006 loss per share (vs CA$0.009 loss in 2Q 2024) Second quarter 2025 results: CA$0.006 loss per share (improved from CA$0.009 loss in 2Q 2024). Revenue: CA$860.2k (up 49% from 2Q 2024). Net loss: CA$683.1k (loss narrowed 20% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Board Change • Jun 12
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 1 experienced director. 1 highly experienced director. 1 independent director (4 non-independent directors). Member of Advisory Board Murray Ward is the most experienced director on the board, commencing their role in 2010. Independent Director Chris Morris was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Jun 02
First quarter 2025 earnings released: CA$0.006 loss per share (vs CA$0.011 loss in 1Q 2024) First quarter 2025 results: CA$0.006 loss per share (improved from CA$0.011 loss in 1Q 2024). Revenue: CA$634.0k (down 32% from 1Q 2024). Net loss: CA$716.4k (loss narrowed 34% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Apr 24
Ostrom Climate Solutions Inc., Annual General Meeting, Jun 25, 2025 Ostrom Climate Solutions Inc., Annual General Meeting, Jun 25, 2025. Location: british columbia, vancouver Canada Reported Earnings • Dec 01
Third quarter 2024 earnings released: CA$0.012 loss per share (vs CA$0.001 profit in 3Q 2023) Third quarter 2024 results: CA$0.012 loss per share (down from CA$0.001 profit in 3Q 2023). Revenue: CA$389.8k (down 70% from 3Q 2023). Net loss: CA$1.27m (down CA$1.33m from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 31
Second quarter 2024 earnings released: CA$0.009 loss per share (vs CA$0.007 loss in 2Q 2023) Second quarter 2024 results: CA$0.009 loss per share (further deteriorated from CA$0.007 loss in 2Q 2023). Revenue: CA$578.1k (up 187% from 2Q 2023). Net loss: CA$856.9k (loss widened 55% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Aug 22
Ostrom Climate Solutions Inc. announced that it has received CAD 0.837 million in funding On August 21, 2024, Ostrom Climate Solutions Inc. closed the transaction. The company announced that it has issued 16,740,000 common shares at an issue price of CAD 0.05 per share for the gross proceeds of CAD 837,000. In connection with the offering, the company paid cash finder's fees in the amount of CAD 17,250 to an arm's-length finder. All securities issued under the offering are subject to a hold period until December 22, 2024, in accordance with applicable securities legislation and the policies of the TSX Venture Exchange. Two insiders of the company participated in the offering for aggregate cash consideration to the company of CAD 354,500, Board Change • Jul 05
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 2 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Member of Advisory Board Murray Ward is the most experienced director on the board, commencing their role in 2010. Independent Director Chris Morris was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Jun 04
First quarter 2024 earnings released: CA$0.011 loss per share (vs CA$0.006 loss in 1Q 2023) First quarter 2024 results: CA$0.011 loss per share (further deteriorated from CA$0.006 loss in 1Q 2023). Revenue: CA$926.7k (up 76% from 1Q 2023). Net loss: CA$1.08m (loss widened 120% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • May 25
Ostrom Climate Solutions Inc Announces Resignation of Directors Ostrom Climate Solutions Inc. announced that Petrina Ooi and Guy O'Loughnane have resigned as directors of the Company effective May 22, 2024. Reported Earnings • May 01
Full year 2023 earnings released: CA$0.022 loss per share (vs CA$0.007 loss in FY 2022) Full year 2023 results: CA$0.022 loss per share (further deteriorated from CA$0.007 loss in FY 2022). Revenue: CA$4.60m (up 16% from FY 2022). Net loss: CA$1.82m (loss widened 272% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Apr 23
Ostrom Climate Solutions Inc., Annual General Meeting, Jun 25, 2024 Ostrom Climate Solutions Inc., Annual General Meeting, Jun 25, 2024. Reported Earnings • Dec 02
Third quarter 2023 earnings released: EPS: CA$0.001 (vs CA$0.002 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.001 (down from CA$0.002 in 3Q 2022). Revenue: CA$1.31m (up 15% from 3Q 2022). Net income: CA$57.1k (down 69% from 3Q 2022). Profit margin: 4.3% (down from 16% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. New Risk • Nov 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$1.9m). Earnings have declined by 60% per year over the past 5 years. Market cap is less than US$10m (CA$6.81m market cap, or US$4.99m). Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Revenue is less than US$5m (CA$3.5m revenue, or US$2.6m). Announcement • Nov 04
Ostrom Climate Solutions Inc. announced that it has received CAD 1.25 million in funding On November 2, 2023 Ostrom Climate Solutions Inc. closed the transaction. Announcement • Nov 03
Ostrom Climate Solutions Inc. Announces Board Changes Ostrom Climate Solutions Inc. announced that Alexander Zang and Eduard Weber-Bemnet have resigned as directors of the Company. Navdeep Dhaliwal, Tejinder Virk and Christopher Morris have been appointed to the board of directors of the Company and Navdeep Dhaliwal has been appointed as Chairman of the board of directors of the Company. Mr. Dhaliwal is an entrepreneur, financier and the Founder & CEO of NLX Capital. Navdeep began his professional career as a Chartered Accountant at KPMG Vancouver. Mr. Virk is the London, UK-based Co-Founder & Managing Partner at NLX Capital. He spent 15 years in capital markets and investment banking at BMO Capital Markets, where he was Managing Director, Global Equities. Mr. Virk received a Bachelor of Applied Science with Honours in Systems Design Engineering from the University of Waterloo in Canada. Mr. Morris is the Managing Partner of RCM Capital. Mr. Morris is a graduate of the University of Western Ontario, the University of Waterloo and holds an MPhil and a PhD from Cambridge University. Announcement • Sep 28
Ostrom Climate Solutions Inc. announced that it expects to receive CAD 1.25 million in funding Ostrom Climate Solutions Inc. announced a non-brokered private placement of up to 18,115,942 common shares at a price of CAD 0.069 per share for the gross proceeds of up to CAD 1,250,000 on September 26, 2023. In connection with the offering, one insider is expected to participate in the private placement offering for aggregate cash consideration of CAD 250,000, as the fair market value of the securities distributed in connection with the Offering, and the consideration received by the company for those securities did not exceed CAD 2,500,000. All securities issued will be subject to a hold period of four months and one day from the date of closing of the offering in accordance with applicable securities legislation and the policies of the Exchange. The transaction is subject to the approval of the Exchange. Reported Earnings • Sep 03
Second quarter 2023 earnings released: CA$0.007 loss per share (vs CA$0.003 loss in 2Q 2022) Second quarter 2023 results: CA$0.007 loss per share (further deteriorated from CA$0.003 loss in 2Q 2022). Revenue: CA$201.7k (down 70% from 2Q 2022). Net loss: CA$554.0k (loss widened 133% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 167 percentage points per year, which is a significant difference in performance. Board Change • Aug 08
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Petrina Ooi was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 29
Ostrom Climate Solutions Inc. Appoints Ms. Paula Cabral Achilles as Interim Chief Financial Officer Ostrom Climate Solutions Inc. announced that it has appointed Ms. Paula Cabral Achilles as the company's Interim Chief Financial Officer. Ms. Achilles has been serving in this capacity since February 6, 2023. Reported Earnings • Jun 03
Full year 2022 earnings released: CA$0.007 loss per share (vs CA$0.018 loss in FY 2021) Full year 2022 results: CA$0.007 loss per share (improved from CA$0.018 loss in FY 2021). Revenue: CA$3.96m (up 9.6% from FY 2021). Net loss: CA$490.4k (loss narrowed 57% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 213 percentage points per year, which is a significant difference in performance. Board Change • Feb 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Guy O’Loughnane was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 04
Ostrom Climate Solutions Inc. Announces Board Changes Ostrom Climate Solutions Inc. announced that Gary Bull has tendered his resignation as a director of the Company. The Company has appointed Petrina Ooi to the board of directors, effective February 2, 2023. Reported Earnings • Dec 01
Third quarter 2022 earnings released: EPS: CA$0.002 (vs CA$0.004 loss in 3Q 2021) Third quarter 2022 results: EPS: CA$0.002 (up from CA$0.004 loss in 3Q 2021). Revenue: CA$1.14m (up 168% from 3Q 2021). Net income: CA$181.4k (up CA$425.5k from 3Q 2021). Profit margin: 16% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 165 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 30
Second quarter 2022 earnings released: CA$0.003 loss per share (vs CA$0.003 loss in 2Q 2021) Second quarter 2022 results: CA$0.003 loss per share (vs CA$0.003 loss in 2Q 2021). Revenue: CA$676.8k (down 20% from 2Q 2021). Net loss: CA$237.7k (loss widened 36% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 156 percentage points per year, which is a significant difference in performance. Announcement • Jul 15
Ostrom Climate Solutions Inc. announced that it has received CAD 0.28 million in funding from WBZ GmbH On July 14, 2022, Ostrom Climate Solutions Inc. closed the transaction. Reported Earnings • Jun 01
First quarter 2022 earnings released: CA$0.005 loss per share (vs CA$0.005 loss in 1Q 2021) First quarter 2022 results: CA$0.005 loss per share (vs CA$0.005 loss in 1Q 2021). Revenue: CA$489.2k (up 3.9% from 1Q 2021). Net loss: CA$416.5k (loss widened 27% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 150 percentage points per year, which is a significant difference in performance. Reported Earnings • May 03
Full year 2021 earnings released: CA$0.018 loss per share (vs CA$0.005 profit in FY 2020) Full year 2021 results: CA$0.018 loss per share (down from CA$0.005 profit in FY 2020). Revenue: CA$3.62m (up 52% from FY 2020). Net loss: CA$1.14m (down 469% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 79% per year, which means it is well ahead of earnings. Announcement • Jan 13
Ostrom Climate Solutions Inc. announced that it expects to receive CAD 3.33 million in funding Ostrom Climate Solutions Inc. announced a non-brokered private placement of up to 51,230,769 units at a per unit price of CAD 0.065 for gross proceeds of up to CAD 3,330,000 on January 12, 2022. Each unit will consist of one common share in the capital of the company and one non-transferable share purchase warrant, each warrant entitling the purchase of one common share at a per share price of CAD 0.085 for 60 months from the date of issuance of the securities. No finder’s fees will be payable in connection with the transaction. All securities issued will be subject to a hold period of four months and one day from the date of closing of the transaction in accordance with applicable securities legislation and the policies of the Exchange. Reported Earnings • Dec 02
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: CA$0.004 loss per share (vs CA$0.004 loss in 3Q 2020). Revenue: CA$425.4k (up 76% from 3Q 2020). Net loss: CA$244.2k (loss narrowed 11% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 59% per year, which means it is well ahead of earnings. Reported Earnings • Sep 01
Second quarter 2021 earnings released: CA$0.003 loss per share (vs CA$0.002 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: CA$848.6k (up 283% from 2Q 2020). Net loss: CA$175.0k (loss widened 71% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 64% per year, which means it is well ahead of earnings. Reported Earnings • Jun 02
First quarter 2021 earnings released: CA$0.005 loss per share (vs CA$0.003 loss in 1Q 2020) The company reported a mediocre first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: CA$470.9k (up 46% from 1Q 2020). Net loss: CA$328.8k (loss widened 62% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 75% per year, which means it is well ahead of earnings. Reported Earnings • May 03
Full year 2020 earnings released: EPS CA$0.005 (vs CA$0.014 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CA$2.39m (down 16% from FY 2019). Net income: CA$309.1k (down 61% from FY 2019). Profit margin: 13% (down from 28% in FY 2019). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 96% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 12
Naturebank Asset Management Inc. Appoints Gary Bull as Director NatureBank Asset Management Inc. announced the appointment of Professor Gary Bull, PhD, to the board of directors of the company. Professor Bull resides in the Department of Forest Management and Resource Economics in the Faculty of Forestry at the University of British Columbia in Vancouver, Canada. Recent Insider Transactions • Dec 25
Independent Director recently sold CA$52k worth of stock On the 16th of December, Guy O’Loughnane sold around 590k shares on-market at roughly CA$0.088 per share. In the last 3 months, they made an even bigger sale worth CA$99k. Insiders have been net sellers, collectively disposing of CA$232k more than they bought in the last 12 months. Recent Insider Transactions • Dec 21
Independent Director recently sold CA$52k worth of stock On the 16th of December, Guy O’Loughnane sold around 590k shares on-market at roughly CA$0.088 per share. In the last 3 months, they made an even bigger sale worth CA$99k. Insiders have been net sellers, collectively disposing of CA$232k more than they bought in the last 12 months. Recent Insider Transactions • Dec 02
Independent Director recently sold CA$90k worth of stock On the 30th of November, Guy O’Loughnane sold around 407k shares on-market at roughly CA$0.22 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$96k more than they bought in the last 12 months. Announcement • Nov 07
An unknown buyer entered into a share purchase and sale agreement to acquire a 18% stake in ForestFinest Consulting eG from NatureBank Asset Management Inc. (TSXV:COO) for €0.2 million. An unknown buyer entered into a share purchase and sale agreement to acquire a 18% stake in ForestFinest Consulting eG from NatureBank Asset Management Inc. (TSXV:COO) for €0.2 million on November 2, 2020. Post transaction, NatureBank Asset Management Inc. will not hold any stake in ForestFinest Consulting eG. Transaction is subject to NatureBank Asset Management obtaining regulatory approval. Transaction is expected to close within twenty days of obtaining regulatory approval of the transaction. Announcement • Jul 20
NatureBank Asset Management Inc. Auditor Raises 'Going Concern' Doubt NatureBank Asset Management Inc. filed its Annual on Jul 17, 2020 for the period ending Dec 31, 2019. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern. 
