Africa > UPDATE – Despite sales bump, carbon project financier flips to 2024 net loss on portfolio value cut

UPDATE – Despite sales bump, carbon project financier flips to 2024 net loss on portfolio value cut

Published 18:34 on April 1, 2025  /  Last updated at 01:06 on April 2, 2025  / and /  Africa, Americas, Asia Pacific, Canada, EMEA, Nature-based, Other APAC, South & Central, US, Voluntary

A Canadian-headquartered carbon project financier has reversed its 2023 profitability by reporting a net loss of $28.9 million for full-year 2024, driven primarily by unrealised losses on investments, despite a rise in revenue from offset sales.
A Canadian-headquartered carbon project financier has reversed its 2023 profitability by reporting a net loss of $28.9 million for full-year 2024, driven primarily by unrealised losses on investments, despite a rise in revenue from offset sales.


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