EverGen Infrastructure Reports Q1 2026 Results

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Q1 2026 Key Milestones Achieved & Highlights:

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VANCOUVER, British Columbia — EverGen Infrastructure Corp. (“EverGen” or the “Company”) (TSXV: EVGN) (OTCQB: EVGIF), today reported financial results as at and for Q1 2026. All amounts are in Canadian dollars and are presented in thousands of dollars unless otherwise stated and have been prepared in accordance with IFRS.

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Financial Highlights

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The following table presents EverGen’s Consolidated Financial and Operating Summary:

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Revenues increased by $0.7 million, or 38%

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compared to the same period last year, primarily due to higher tipping revenues due to higher volumes received at the organic waste and composting facilities and increased RNG production at FVB and GrowTEC.

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Net Loss decreased by $0.5 million or 42%

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compared to the same period last year, primarily due to an increase in revenues, lower direct operating costs, partially offset by higher finance costs.

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Adjusted EBITDA increased by $0.4 million or 93%

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compared to the same period last year, primarily due to higher tipping volumes received at the organic waste and composting facilities and increased RNG production at FVB and GrowTEC facilities.

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RNG production increased to 52,756 GJ or by 23%

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compared to the same period last year, following continued stabilization driven by optimization activities at FVB and GrowTEC.

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Management Commentary

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“Q1 was an important quarter of execution for EverGen, highlighted by key regulatory milestones and the closing of a new $13 million credit facility and operating line of credit with Farm Credit Canada,” said Chase Edgelow, CEO of EverGen. “This financing meaningfully strengthens our capital structure, improves financial flexibility, and better aligns our debt with the underlying assets that support our RNG platform. Together with the regulatory milestones achieved at PCR in support of the RNG expansion project and steady RNG production during the quarter, these achievements reinforce the operating discipline we are building across the business. The result is a stronger foundation for EverGen to advance our projects and scale RNG production, execute on our growth strategy, and create long-term shareholder value.”

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For further information on the results, please see the Company’s Consolidated Financial Statements and Management’s Discussion and Analysis filed on SEDAR+ at www.sedarplus.ca and on EverGen’s website at www.evergeninfra.com.

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EverGen will hold a results and corporate update conference call at 11:00 a.m. Eastern Time on Friday, May 29, 2026, hosted by Chief Executive Officer, Chase Edgelow and Chief Financial Officer, Maria O’Sullivan.

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Conference call details are as follows:

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Date: Friday, May 29, 2026

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Time: 11:00 a.m. ET

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Zoom Link:

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Find the latest Corporate Presentation in the Investor Center:

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About EverGen Infrastructure Corp.

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EverGen, Canada’s Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer which acquires, develops, builds, owns, and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond.

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For more information about EverGen Infrastructure Corp. and our projects, please visit www.evergeninfra.com.

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Non-GAAP Measures

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EverGen uses certain financial measures referred to in this press release to quantify its results that are not prescribed by IFRS Accounting Standards. The terms EBITDA, adjusted EBITDA and working capital are not recognized measures under IFRS Accounting Standards and may not be comparable to that reported by other companies. EverGen believes that, in addition to measures prepared in accordance with IFRS Accounting Standards, the non-GAAP measurement provide useful information to evaluate the Company’s performance and ability to generate cash, profitability and meet financial commitments. These non-GAAP measures are intended to provide additional information and should not be considered in isolation or as a substitute for other measures of performance prepared in accordance with IFRS Accounting Standards. EBITDA is defined as net income (loss) before interest, tax and depreciation and amortization. Adjusted EBITDA is EBITDA adjusted for share-based payment expenses, unusual or non-recurring items, contingent consideration gains and losses and non-controlling interests in adjusted EBITDA. Working capital is calculated as current assets less current liabilities.