New Zealand Energy Q1 FY26 net loss widens to CAD 1.66 million; revenue climbs to CAD 664,833

• New Zealand Energy posted a net loss of CAD 1.66 million for the three months ended March 31, widening from CAD 1.06 million a year earlier.
• Revenue more than doubled to CAD 664,833 from CAD 246,653, driven by oil sales of CAD 510,381 versus CAD 15,679.
• General and administrative expense rose to CAD 739,649 from CAD 605,768, while share-based compensation turned to an expense of CAD 883,477 from none.
• Cash climbed to CAD 2.48 million at March 31 from CAD 7,111 at Dec. 31 after a CAD 3.5 million private placement.
• Subsequent to quarter-end, Tariki-1A tested at about 3 million cubic feet per day and Tariki-5A at about 1.5 million cubic feet per day.

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