Waste Energy Corp Reports Q3 2025 Financial Results: Third Consecutive Quarter of Revenue Growth as Company Approaches Commercial Launch

Strong Balance Sheet Improvements and Operational Progress Position WEC for Revenue Inflection in Early 2026

MIDLAND, TX / ACCESS Newswire / November 17, 2025 / Waste Energy Corp. (OTCQB:WAST), a clean-technology company pioneering advanced waste-to-energy conversion solutions, announced financial results for the third quarter ended September 30, 2025, and provided an operational update on its Midland, Texas commercial facility.

Q3 2025 Financial Highlights

Revenue Growth Momentum Continues
Waste Energy Corp delivered its third consecutive quarter of top-line revenue growth, demonstrating consistent commercial traction as the Company advances toward full-scale operations. While current revenues remain in the early-stage ramp phase, the sequential quarterly growth reflects strengthening market validation and customer engagement.

Substantial Balance Sheet Strengthening
The Company achieved significant financial improvements across multiple metrics:

• Total assets increased to $881,596 for the nine-month period ended September 30, 2025, with a 48% sequential increase from Q2 to Q3-driven by equipment integration, site infrastructure improvements, and operational readiness investments at the Midland facility

• Non-derivative, non-lease liabilities declined $505,493 year-over-year and decreased more than 14% sequentially to $2,981,041 at quarter-end, reflecting disciplined financial management during a period of substantial operational investment

• Improved asset-to-liability ratio demonstrates the Company's focus on building a strong financial foundation to support the transition to commercial-scale operations

"We have now achieved three consecutive quarters of revenue growth while simultaneously strengthening our balance sheet-increasing assets meaningfully and reducing liabilities both year-over-year and quarter-over-quarter," said Scott Gallagher, Chairman and CEO of Waste Energy Corp. "This disciplined financial foundation, combined with our imminent operational launch, positions us at an inflection point as we prepare to transition from development to recurring revenue generation in 2026."

Operational Update: Midland Facility Approaching Launch

Waste Energy Corp continues to advance installation and commissioning of its first commercial 15-ton-per-day waste conversion system at its Midland, Texas facility.

Equipment Status and Timeline
Critical equipment for completion of the Company's waste conversion operations is currently in final U.S. customs clearance following tariff-related delays and the recent government shutdown. WEC is working with one of North America's leading customs brokers to expedite release and expects clearance shortly.