{"success":true,"data":{"pressRelease":{"id":"48819","rtpr_id":"nACSw1bQra","ticker":"CFY","exchange":"","all_tickers":["CFY"],"title":"CF Energy Announces Financial Results for the Three-month Period Ended March 31, 2026","author":"ACCESSWIRE","published_at":"2026-05-29T01:40:00.583Z","article_body":"TORONTO, ON / ACCESS Newswire (https://www.accessnewswire.com/) / May 28, 2026\n/ CF Energy Corp. (TSXV:CFY) (\"CF Energy\" or the \"Company\", together with its\nsubsidiaries, the \"Group\"), an energy provider in the People's Republic of\nChina (the \"PRC\" or \"China\"), announces that the Company has filed its\nunaudited interim consolidated financial results for the three-month period\nended March 31, 2026.\n\nThe unaudited interim consolidated financial statements and Management's\nDiscussion and Analysis (\"MD&A\") can be downloaded from www.sedarplus.com or\nfrom the Company's website at www.cfenergy.com.\n\nThe unaudited interim consolidated financial statements have been prepared in\nconformity with IFRS Accounting Standards as issued by the International\nAccounting Standards Board (\"IASB\") (collectively, \"IFRS Accounting\nStandards\"). This news release contains financial terms that are non-IFRS\nAccounting Standards (\"non-GAAP\") financial measures.\n\nResults for the three-month period ended March 31, 2026 (\"Q1 2026\")\n\nContinuing Operations\n\n In millions               Q1 2026           Q1 Q2025           Change           %            Q1 2026         Q1 Q2025          Change        \n (except for % figures)    RMB               RMB                RMB                           CAD             CAD               CAD           \n Continuing Operations                                                                                                                        \n Revenue                         113.6              105.0             8.6           8    %          22.5             20.7             1.8     \n Gross Profit                    30.4               24.6              5.8           24   %          6.0              4.8              1.2     \n Gross Profit Margin             26.7   %           23.3   %          3.4   %                                                                 \n Net Profit                      5.4                1.6               3.8           236  %          1.0              0.3              0.7     \n EBITDA                          24.0               22.0              2.0           9    %          4.7              4.3              0.4     \n\nRevenue in Q1 2026 was RMB113.6 million (approx. CAD22.5 million), an increase\nof RMB8.6 million (approx. CAD1.8 million), or 8%, from RMB105.0 million\n(approx. CAD20.7 million) for the three-month period ended March 31, 2025 (\"Q1\n2025\").\n\nThe increase in overall revenue in Q1 2026 was mainly contributed by the\nincrease of revenue from residential customers of gas distribution utility\nsector. The positive effect of Hainan Free Port's opening-up policy carried\nforward from 2025 continued to lead to an increase in both sales volume of gas\nsupply to residential customers and the number of new residential customers of\npipeline installation and connection during the period.\n\nGross profit in Q1 2026 was RMB30.4 million (approx. CAD6.0 million), an\nincrease of RMB5.8 million (CAD1.2 million) or 24% from RMB24.6 million\n(approx. CAD4.8 million) in Q1 2025. Overall gross margin in Q1 2026 was\n26.7%, an increase of 3.4 percentage points from 23.3% in Q1 2025.\n\nThe increase in gross profit margin in Q1 2026 as compared to Q1 2025 was\nmainly attributable to the offsetting effect of two newly completed pipeline\nconnection projects that generated higher profit margin as compared to the\naverage residential project during the period and the benefit of reducing\ncosts due to the centralization of procurement of materials for pipeline\ninstallation connection projects and the increase in unit price of pipeline\ninstallation and connection for residential customers by providing auxiliary\nservices at minimal cost has partially offset the overall increase in material\ncost and labor cost since late December 2025.\n\nNet profit in Q1 2026 was RMB5.4 million (approx. CAD1.0 million), an increase\nof RMB3.8 million (CAD0.7 million) or 236% from RMB1.6 million (approx. CAD0.3\nmillion) in Q1 2025.\n\nEBITDA (non-GAAP) in Q1 2026 was RMB24.0 million (approx. CAD4.7 million), an\nincrease of RMB2.0 million (approx. CAD0.4 million), or 9%, from RMB22.0\nmillion (approx. CAD4.3 million) in Q1 2025.\n\nBoth basic and diluted earnings per share (\"EPS\") in Q1 2026 from continuing\noperations was RMB0.11 (CAD0.02) per share, an increase of RMB0.06 (CAD0.01),\nas compared to RMB0.05 (CAD0.01) per share in Q1 2025.\n\nCompany Outlook\n\nThe global energy landscape is undergoing a fundamental transformation with\naccelerating efforts in electrification and digitalization of the industry. In\nthe short-term, the global energy markets will remain volatile due to\ngeopolitical uncertainties and supply chain disruptions while demand for\nelectricity consumption continues to rise driven by the rapid growth of data\ncenters, artificial intelligence applications and etc. The natural gas\nindustry faces a variety of challenges ranging from regulatory impacts to\nmarket dynamics, but it continues to play a critical role as a transition\nfuel, supporting the integration of renewable energy, distributed energy\nresources, and digital energy management systems as they are becoming key\ncomponents of modern energy infrastructure.\n\nAt the same time, the continued development of the Hainan Free Trade Port has\nsignificantly enhanced the economic vitality of the region, particularly in\nSanya. The increase in tourism and commercial activity has driven higher for\nenergy consumption, which also led to steady growth in the Company's natural\ngas supply business. The Company envisions that Sanya will expand its\ninfrastructure including hospitality, retail, and transportation which will\ncreate additional opportunities for energy consumption and integrated energy\nservices.\n\nDistributed Smart Energy Ecosystem - Progress to Date:\n\nCF Energy has continued its strategic transformation from a traditional\nnatural gas company into a comprehensive energy solutions provider, focusing\non incorporating its smart energy system and energy storage technology to\ncreate a highly integrated and efficient framework for sustainable energy\nmanagement.\n\nCF Energy's Haitang Bay integrated smart energy project and Meishan project\nare flagships of standalone distributed energy system with advanced grid\ntechnologies that enable real-time monitoring and responsive energy\ndistribution based on demand and supply conditions. The Haitang Bay integrated\nsmart energy system has enhanced energy efficiency and system flexibility\nthrough the application of ice storage for peak load shifting.\n\nIn parallel, the Company has entered the field of electrochemical energy\nstorage for cost reduction and energy conservation through the mode of battery\nswapping in new energy vehicles. The battery swap station network in Sanya and\nBeihai have been contributing to the optimization of the power grid as they\nreduce strain on the electrical grid and avoid demand spikes.\n\nDistributed Smart Energy Ecosystem -Current Initiatives:\n\nThe Company is working with partners in the IoT (internet of things), and\ncloud services field to create an efficient EMS (energy management system)\nthat connects the standalone distributed smart energy systems with various\nenergy management and storage technologies. This will serve as the core\ninfrastructure for enabling virtual power plant (VPP) capabilities. Through\nthe deployment of IoT-enabled devices and data acquisition systems, the\nCompany will be able to collect real-time data on energy production, storage\nlevels, battery health, and consumption patterns. Using historical data and\nmachine learning models, the EMS can predict demand spikes, potential system\ndisruptions, and optimal energy production schedules. This will form the\noperational backbone of the Company's virtual power plant strategy.\n\nDistributed Smart Energy Ecosystem - Outlook and Strategic Direction:\n\nThe Company will continue its development in energy management driven by\nelectrification, increasing renewable penetration, and rising demand for power\ngrid stability. The Company aims to aggregate and optimize the distributed\nenergy assets including centralized cooling system, battery swap stations, and\nenergy storage system into a platform which enables the development of virtual\npower plant with active end user participation. This will provide support in\npower grid stability via peak shaving, load balancing, and frequency\nregulation.\n\nIn addition, the Company is working to integrate a demand response system\nwhere hotels and other end users can opt-in to adjust their energy usage\nduring peak periods in response to incentives. For example, shifting\nnon-essential power usage to off-peak hours. EV owners can charge their\nvehicles during off-peak hours to benefit from lower rates and reduce grid\nstrain during high-demand periods. Alternatively, V2G (Vehicle to Grid)\nconcept allows EVs to return energy to the grid during peak times, effectively\nusing the vehicle's battery as a grid resource. Furthermore, utilizing a\nplatform for energy trading that allows surplus energy (from renewable sources\nand stored energy) to be sold back to the grid or shared among participants\nwill add additional revenue stream and encouraging sustainable practices. The\nintegration must connect all components through a smart grid that enables\ntwo-way communication between the energy providers and consumers.\n\nAbout CF Energy Corp. (Previously known as: Changfeng Energy Inc.)\n\nCF Energy Corp. is a Canadian public company currently traded on the Toronto\nVenture Exchange (\"TSX-V\") under the stock symbol \"CFY\". It is an integrated\nenergy provider and natural gas distribution company (or natural gas utility)\nin the PRC. CF Energy strives to combine leading clean energy technology with\nnatural gas usage to provide sustainable energy to its customer base in the\nPRC.\n\nCONTACT INFORMATION\n\nYongqiang (Shawn) Shan\nChief Financial Officer\nYongqiang.shan@changfengenergy.cn\n\nCharles Wang\nSecretary of the Board\nzhaoyu.wang@changfengenergy.cn\n\nFrederick Wong\nDirector of the Board\nfred.wong@changfengenergy.cn\n\nForward-Looking Statements\n\nCertain statements contained in this news release constitute forward-looking\nstatements and forward-looking information (collectively, \"Forward-Looking\nStatements\"). All statements, other than statements of historical fact,\nincluded or incorporated by reference in this document are Forward-Looking\nStatements, including statements regarding activities, events or developments\nthat the Company expects or anticipates may occur in the future (including,\nwithout limitation, no significant adjustments to the gas selling price and\ncharges for related services imposed by the relevant PRC government, the\ntourism industry continues to recover from COVID-19 impact and no delay in the\ndevelopment of the electric vehicle battery swap stations, the Haitang Bay\nIntegrated Smart Energy Project or the Meishan Project). These Forward-Looking\nStatements can be identified by the use of forward-looking words such as\n\"will\", \"expect\", \"intend\", \"plan\", \"estimate\", \"anticipate\", \"believe\" or\n\"continue\" or similar words or the negative thereof. No assurance can be given\nthat the plans, intentions or expectations or assumptions upon which these\nForward-Looking Statements are based will prove to be correct and such\nForward-Looking Statements included in this news release should not be unduly\nrelied upon. Although management believes that the expectations represented in\nsuch Forward-Looking Statements are reasonable, there can be no assurance that\nsuch expectations will prove to be correct. Such Forward-Looking Statements\nare not a guarantee of performance and involve known and unknown risks,\nuncertainties, assumptions and other factors that may cause the actual\nresults, performance or achievements to differ materially from the anticipated\nresults, performance or achievements or developments expressed or implied by\nsuch Forward-Looking Statements. These factors include, without limitation, no\nsignificant and continuing adverse changes in general economic conditions or\nconditions in the financial, tourism, and gas distribution and electric\nvehicle markets or delays in the development of key projects. Readers are\ncautioned that all Forward-Looking Statements involve risks and uncertainties,\nincluding those risks and uncertainties detailed in the Company's filings with\napplicable Canadian securities regulatory authorities, copies of which are\navailable at www.sedar.com. The Company urges readers to carefully consider\nthose factors. The Forward-Looking Statements included in this news release\nare made as of the date of this document and the Company disclaims any\nintention or obligation to update or revise any Forward-Looking Statements,\nwhether as a result of new information, future events or otherwise, except as\nexpressly required by applicable securities legislation. This news release\ndoes not constitute an offer to sell or solicitation of an offer to buy any of\nthe securities described herein and accordingly undue reliance should not be\nput on such. This news release contains future oriented financial information\nand financial outlook information (collectively, \"FOFI\") (including, without\nlimitation, statements regarding expected average production), and are subject\nto the same assumptions, risk factors, limitations and qualifications as set\nforth in the above paragraph. The FOFI has been prepared by management to\nprovide an outlook of the Company's activities and results, and such\ninformation may not be appropriate for other purposes. The Company and\nmanagement believe that the FOFI has been prepared on a reasonable basis,\nreflecting management's reasonable estimates and judgments, however, actual\nresults of operations of the Company and the resulting financial results may\nvary from the amounts set forth herein. Any FOFI speaks only as of the date on\nwhich it is made, and the Company disclaims any intent or obligation to update\nany FOFI, whether as a result of new information, future events or results or\notherwise, unless required by applicable laws.\n\nNon-GAAP Financial Measures\n\nThis news release contains financial terms that are non-GAAP financial\nmeasures, such as EBITDA, Adjusted EBITDA and Adjusted Net Profit. These\nfinancial measures, together with measures prepared in accordance with IFRS\nAccountings Standards, provide useful information to investors and\nshareholders, as management uses them to evaluate the operating performance of\nthe Company. The Company's determination of these non-GAAP measures may differ\nfrom other reporting issuers, and therefore are unlikely to be comparable to\nsimilar measures presented by other companies. Further, these non-GAAP\nmeasures should not be considered in isolation or as a substitute for measures\nof performance or cash flows prepared in accordance with IFRS Accounting\nStandards. These financial measures are included because management uses this\ninformation to analyze operating performance and liquidity. Neither TSX\nVenture Exchange nor its Regulation Services Provider (as that term is defined\nin the policies of the TSX Venture Exchange) accepts responsibility for the\nadequacy or accuracy of this release.\n\nSOURCE: CF Energy Corp.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/oil-gas-and-energy/cf-energy-announces-financial-results-for-the-three-month-period-ended-march-31-1171744)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACSw1bQra","title":"CF Energy Announces Financial Results for the Three-month Period Ended March 31, 2026","author":"ACCESSWIRE","ticker":"CFY","created":"2026-05-29T01:40:00.583Z","tickers":["CFY"],"exchange":"","article_body":"TORONTO, ON / ACCESS Newswire (https://www.accessnewswire.com/) / May 28, 2026\n/ CF Energy Corp. (TSXV:CFY) (\"CF Energy\" or the \"Company\", together with its\nsubsidiaries, the \"Group\"), an energy provider in the People's Republic of\nChina (the \"PRC\" or \"China\"), announces that the Company has filed its\nunaudited interim consolidated financial results for the three-month period\nended March 31, 2026.\n\nThe unaudited interim consolidated financial statements and Management's\nDiscussion and Analysis (\"MD&A\") can be downloaded from www.sedarplus.com or\nfrom the Company's website at www.cfenergy.com.\n\nThe unaudited interim consolidated financial statements have been prepared in\nconformity with IFRS Accounting Standards as issued by the International\nAccounting Standards Board (\"IASB\") (collectively, \"IFRS Accounting\nStandards\"). This news release contains financial terms that are non-IFRS\nAccounting Standards (\"non-GAAP\") financial measures.\n\nResults for the three-month period ended March 31, 2026 (\"Q1 2026\")\n\nContinuing Operations\n\n In millions               Q1 2026           Q1 Q2025           Change           %            Q1 2026         Q1 Q2025          Change        \n (except for % figures)    RMB               RMB                RMB                           CAD             CAD               CAD           \n Continuing Operations                                                                                                                        \n Revenue                         113.6              105.0             8.6           8    %          22.5             20.7             1.8     \n Gross Profit                    30.4               24.6              5.8           24   %          6.0              4.8              1.2     \n Gross Profit Margin             26.7   %           23.3   %          3.4   %                                                                 \n Net Profit                      5.4                1.6               3.8           236  %          1.0              0.3              0.7     \n EBITDA                          24.0               22.0              2.0           9    %          4.7              4.3              0.4     \n\nRevenue in Q1 2026 was RMB113.6 million (approx. CAD22.5 million), an increase\nof RMB8.6 million (approx. CAD1.8 million), or 8%, from RMB105.0 million\n(approx. CAD20.7 million) for the three-month period ended March 31, 2025 (\"Q1\n2025\").\n\nThe increase in overall revenue in Q1 2026 was mainly contributed by the\nincrease of revenue from residential customers of gas distribution utility\nsector. The positive effect of Hainan Free Port's opening-up policy carried\nforward from 2025 continued to lead to an increase in both sales volume of gas\nsupply to residential customers and the number of new residential customers of\npipeline installation and connection during the period.\n\nGross profit in Q1 2026 was RMB30.4 million (approx. CAD6.0 million), an\nincrease of RMB5.8 million (CAD1.2 million) or 24% from RMB24.6 million\n(approx. CAD4.8 million) in Q1 2025. Overall gross margin in Q1 2026 was\n26.7%, an increase of 3.4 percentage points from 23.3% in Q1 2025.\n\nThe increase in gross profit margin in Q1 2026 as compared to Q1 2025 was\nmainly attributable to the offsetting effect of two newly completed pipeline\nconnection projects that generated higher profit margin as compared to the\naverage residential project during the period and the benefit of reducing\ncosts due to the centralization of procurement of materials for pipeline\ninstallation connection projects and the increase in unit price of pipeline\ninstallation and connection for residential customers by providing auxiliary\nservices at minimal cost has partially offset the overall increase in material\ncost and labor cost since late December 2025.\n\nNet profit in Q1 2026 was RMB5.4 million (approx. CAD1.0 million), an increase\nof RMB3.8 million (CAD0.7 million) or 236% from RMB1.6 million (approx. CAD0.3\nmillion) in Q1 2025.\n\nEBITDA (non-GAAP) in Q1 2026 was RMB24.0 million (approx. CAD4.7 million), an\nincrease of RMB2.0 million (approx. CAD0.4 million), or 9%, from RMB22.0\nmillion (approx. CAD4.3 million) in Q1 2025.\n\nBoth basic and diluted earnings per share (\"EPS\") in Q1 2026 from continuing\noperations was RMB0.11 (CAD0.02) per share, an increase of RMB0.06 (CAD0.01),\nas compared to RMB0.05 (CAD0.01) per share in Q1 2025.\n\nCompany Outlook\n\nThe global energy landscape is undergoing a fundamental transformation with\naccelerating efforts in electrification and digitalization of the industry. In\nthe short-term, the global energy markets will remain volatile due to\ngeopolitical uncertainties and supply chain disruptions while demand for\nelectricity consumption continues to rise driven by the rapid growth of data\ncenters, artificial intelligence applications and etc. The natural gas\nindustry faces a variety of challenges ranging from regulatory impacts to\nmarket dynamics, but it continues to play a critical role as a transition\nfuel, supporting the integration of renewable energy, distributed energy\nresources, and digital energy management systems as they are becoming key\ncomponents of modern energy infrastructure.\n\nAt the same time, the continued development of the Hainan Free Trade Port has\nsignificantly enhanced the economic vitality of the region, particularly in\nSanya. The increase in tourism and commercial activity has driven higher for\nenergy consumption, which also led to steady growth in the Company's natural\ngas supply business. The Company envisions that Sanya will expand its\ninfrastructure including hospitality, retail, and transportation which will\ncreate additional opportunities for energy consumption and integrated energy\nservices.\n\nDistributed Smart Energy Ecosystem - Progress to Date:\n\nCF Energy has continued its strategic transformation from a traditional\nnatural gas company into a comprehensive energy solutions provider, focusing\non incorporating its smart energy system and energy storage technology to\ncreate a highly integrated and efficient framework for sustainable energy\nmanagement.\n\nCF Energy's Haitang Bay integrated smart energy project and Meishan project\nare flagships of standalone distributed energy system with advanced grid\ntechnologies that enable real-time monitoring and responsive energy\ndistribution based on demand and supply conditions. The Haitang Bay integrated\nsmart energy system has enhanced energy efficiency and system flexibility\nthrough the application of ice storage for peak load shifting.\n\nIn parallel, the Company has entered the field of electrochemical energy\nstorage for cost reduction and energy conservation through the mode of battery\nswapping in new energy vehicles. The battery swap station network in Sanya and\nBeihai have been contributing to the optimization of the power grid as they\nreduce strain on the electrical grid and avoid demand spikes.\n\nDistributed Smart Energy Ecosystem -Current Initiatives:\n\nThe Company is working with partners in the IoT (internet of things), and\ncloud services field to create an efficient EMS (energy management system)\nthat connects the standalone distributed smart energy systems with various\nenergy management and storage technologies. This will serve as the core\ninfrastructure for enabling virtual power plant (VPP) capabilities. Through\nthe deployment of IoT-enabled devices and data acquisition systems, the\nCompany will be able to collect real-time data on energy production, storage\nlevels, battery health, and consumption patterns. Using historical data and\nmachine learning models, the EMS can predict demand spikes, potential system\ndisruptions, and optimal energy production schedules. This will form the\noperational backbone of the Company's virtual power plant strategy.\n\nDistributed Smart Energy Ecosystem - Outlook and Strategic Direction:\n\nThe Company will continue its development in energy management driven by\nelectrification, increasing renewable penetration, and rising demand for power\ngrid stability. The Company aims to aggregate and optimize the distributed\nenergy assets including centralized cooling system, battery swap stations, and\nenergy storage system into a platform which enables the development of virtual\npower plant with active end user participation. This will provide support in\npower grid stability via peak shaving, load balancing, and frequency\nregulation.\n\nIn addition, the Company is working to integrate a demand response system\nwhere hotels and other end users can opt-in to adjust their energy usage\nduring peak periods in response to incentives. For example, shifting\nnon-essential power usage to off-peak hours. EV owners can charge their\nvehicles during off-peak hours to benefit from lower rates and reduce grid\nstrain during high-demand periods. Alternatively, V2G (Vehicle to Grid)\nconcept allows EVs to return energy to the grid during peak times, effectively\nusing the vehicle's battery as a grid resource. Furthermore, utilizing a\nplatform for energy trading that allows surplus energy (from renewable sources\nand stored energy) to be sold back to the grid or shared among participants\nwill add additional revenue stream and encouraging sustainable practices. The\nintegration must connect all components through a smart grid that enables\ntwo-way communication between the energy providers and consumers.\n\nAbout CF Energy Corp. (Previously known as: Changfeng Energy Inc.)\n\nCF Energy Corp. is a Canadian public company currently traded on the Toronto\nVenture Exchange (\"TSX-V\") under the stock symbol \"CFY\". It is an integrated\nenergy provider and natural gas distribution company (or natural gas utility)\nin the PRC. CF Energy strives to combine leading clean energy technology with\nnatural gas usage to provide sustainable energy to its customer base in the\nPRC.\n\nCONTACT INFORMATION\n\nYongqiang (Shawn) Shan\nChief Financial Officer\nYongqiang.shan@changfengenergy.cn\n\nCharles Wang\nSecretary of the Board\nzhaoyu.wang@changfengenergy.cn\n\nFrederick Wong\nDirector of the Board\nfred.wong@changfengenergy.cn\n\nForward-Looking Statements\n\nCertain statements contained in this news release constitute forward-looking\nstatements and forward-looking information (collectively, \"Forward-Looking\nStatements\"). All statements, other than statements of historical fact,\nincluded or incorporated by reference in this document are Forward-Looking\nStatements, including statements regarding activities, events or developments\nthat the Company expects or anticipates may occur in the future (including,\nwithout limitation, no significant adjustments to the gas selling price and\ncharges for related services imposed by the relevant PRC government, the\ntourism industry continues to recover from COVID-19 impact and no delay in the\ndevelopment of the electric vehicle battery swap stations, the Haitang Bay\nIntegrated Smart Energy Project or the Meishan Project). These Forward-Looking\nStatements can be identified by the use of forward-looking words such as\n\"will\", \"expect\", \"intend\", \"plan\", \"estimate\", \"anticipate\", \"believe\" or\n\"continue\" or similar words or the negative thereof. No assurance can be given\nthat the plans, intentions or expectations or assumptions upon which these\nForward-Looking Statements are based will prove to be correct and such\nForward-Looking Statements included in this news release should not be unduly\nrelied upon. Although management believes that the expectations represented in\nsuch Forward-Looking Statements are reasonable, there can be no assurance that\nsuch expectations will prove to be correct. Such Forward-Looking Statements\nare not a guarantee of performance and involve known and unknown risks,\nuncertainties, assumptions and other factors that may cause the actual\nresults, performance or achievements to differ materially from the anticipated\nresults, performance or achievements or developments expressed or implied by\nsuch Forward-Looking Statements. These factors include, without limitation, no\nsignificant and continuing adverse changes in general economic conditions or\nconditions in the financial, tourism, and gas distribution and electric\nvehicle markets or delays in the development of key projects. Readers are\ncautioned that all Forward-Looking Statements involve risks and uncertainties,\nincluding those risks and uncertainties detailed in the Company's filings with\napplicable Canadian securities regulatory authorities, copies of which are\navailable at www.sedar.com. The Company urges readers to carefully consider\nthose factors. The Forward-Looking Statements included in this news release\nare made as of the date of this document and the Company disclaims any\nintention or obligation to update or revise any Forward-Looking Statements,\nwhether as a result of new information, future events or otherwise, except as\nexpressly required by applicable securities legislation. This news release\ndoes not constitute an offer to sell or solicitation of an offer to buy any of\nthe securities described herein and accordingly undue reliance should not be\nput on such. This news release contains future oriented financial information\nand financial outlook information (collectively, \"FOFI\") (including, without\nlimitation, statements regarding expected average production), and are subject\nto the same assumptions, risk factors, limitations and qualifications as set\nforth in the above paragraph. The FOFI has been prepared by management to\nprovide an outlook of the Company's activities and results, and such\ninformation may not be appropriate for other purposes. The Company and\nmanagement believe that the FOFI has been prepared on a reasonable basis,\nreflecting management's reasonable estimates and judgments, however, actual\nresults of operations of the Company and the resulting financial results may\nvary from the amounts set forth herein. Any FOFI speaks only as of the date on\nwhich it is made, and the Company disclaims any intent or obligation to update\nany FOFI, whether as a result of new information, future events or results or\notherwise, unless required by applicable laws.\n\nNon-GAAP Financial Measures\n\nThis news release contains financial terms that are non-GAAP financial\nmeasures, such as EBITDA, Adjusted EBITDA and Adjusted Net Profit. These\nfinancial measures, together with measures prepared in accordance with IFRS\nAccountings Standards, provide useful information to investors and\nshareholders, as management uses them to evaluate the operating performance of\nthe Company. The Company's determination of these non-GAAP measures may differ\nfrom other reporting issuers, and therefore are unlikely to be comparable to\nsimilar measures presented by other companies. Further, these non-GAAP\nmeasures should not be considered in isolation or as a substitute for measures\nof performance or cash flows prepared in accordance with IFRS Accounting\nStandards. These financial measures are included because management uses this\ninformation to analyze operating performance and liquidity. Neither TSX\nVenture Exchange nor its Regulation Services Provider (as that term is defined\nin the policies of the TSX Venture Exchange) accepts responsibility for the\nadequacy or accuracy of this release.\n\nSOURCE: CF Energy Corp.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/oil-gas-and-energy/cf-energy-announces-financial-results-for-the-three-month-period-ended-march-31-1171744)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-05-29T01:40:00.636420534Z","server_sent_at_ms":1780018800636},"received_at":"2026-05-29T01:40:00.792Z","source_url":"https://www.accessnewswire.com/newsroom/en/oil-gas-and-energy/cf-energy-announces-financial-results-for-the-three-month-period-ended-march-31-1171744"},"analysis":{"id":"38252","press_release_id":"48819","analysis_json":{"industry":{"label":"Gas Utilities","sector":"Utilities"},"redFlags":[],"eventType":"earnings","narrative":"CF Energy reported Q1 2026 revenue of CAD $22.5 million, an 8% increase year-over-year, driven by higher gas sales volumes in the Hainan Free Port region.\n\nNet profit surged 236% to CAD $1.0 million, supported by a gross margin expansion to 26.7% from 23.3%, aided by higher-margin pipeline connection projects and centralized procurement.\n\nThe company highlighted progress in its strategic shift toward a distributed smart energy ecosystem, including battery swap stations and virtual power plant capabilities in Sanya and Beihai.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Small-cap energy utility posts routine Q1 growth with margin expansion; strategic pivot to smart energy noted."},"keyFigures":{"eps":0.02,"revenue":22500000,"revenueYoy":"8%","customDimensions":{"ebitda_cad":4700000,"ebitda_rmb":24000000,"revenue_rmb":113600000,"gross_margin":"26.7%","net_profit_cad":1000000,"net_profit_rmb":5400000,"gross_profit_cad":6000000,"gross_profit_rmb":30400000}},"quotedText":"The increase in overall revenue in Q1 2026 was mainly contributed by the increase of revenue from residential customers of gas distribution utility sector.","namedEntities":{"people":[{"name":"Yongqiang (Shawn) Shan","role":"Chief Financial Officer"},{"name":"Charles Wang","role":"Secretary of the Board"},{"name":"Frederick Wong","role":"Director of the Board"}],"products":["Haitang Bay integrated smart energy project","Meishan project","battery swap station network"],"companies":[{"name":"CF Energy Corp.","ticker":"CFY","relationship":"filer"}],"dollarAmounts":[{"amount":"CAD22.5 million","context":"Q1 2026 revenue"},{"amount":"CAD20.7 million","context":"Q1 2025 revenue"},{"amount":"CAD6.0 million","context":"Q1 2026 gross profit"},{"amount":"CAD4.8 million","context":"Q1 2025 gross profit"},{"amount":"CAD1.0 million","context":"Q1 2026 net profit"},{"amount":"CAD0.3 million","context":"Q1 2025 net profit"},{"amount":"CAD4.7 million","context":"Q1 2026 EBITDA"},{"amount":"CAD4.3 million","context":"Q1 2025 EBITDA"}]},"materialImpact":{"score":2,"reasoning":"Routine quarterly earnings release for a small-cap TSX-V issuer. While metrics show YoY growth (revenue +8%, net profit +236%), the absolute scale is small (CAD $22.5M revenue) and there is no consensus surprise data provided. The release includes strategic updates on smart energy projects but lacks the magnitude for a score of 3+."},"tickerRelevance":{"others":[],"primary":"CFY"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"routine_earnings","sectorWeight":"low","householdBrandBoost":0,"marketCapAdjustment":"negative","retailFavoriteBoost":0}},"event_type":"earnings","event_type_secondary":null,"sentiment":"bullish","material_impact_score":2,"narrative":"CF Energy reported Q1 2026 revenue of CAD $22.5 million, an 8% increase year-over-year, driven by higher gas sales volumes in the Hainan Free Port region.\n\nNet profit surged 236% to CAD $1.0 million, supported by a gross margin expansion to 26.7% from 23.3%, aided by higher-margin pipeline connection projects and centralized procurement.\n\nThe company highlighted progress in its strategic shift toward a distributed smart energy ecosystem, including battery swap stations and virtual power plant capabilities in Sanya and Beihai.","key_figures":{"eps":0.02,"revenue":22500000,"revenueYoy":"8%","customDimensions":{"ebitda_cad":4700000,"ebitda_rmb":24000000,"revenue_rmb":113600000,"gross_margin":"26.7%","net_profit_cad":1000000,"net_profit_rmb":5400000,"gross_profit_cad":6000000,"gross_profit_rmb":30400000}},"named_entities":{"people":[{"name":"Yongqiang (Shawn) Shan","role":"Chief Financial Officer"},{"name":"Charles Wang","role":"Secretary of the Board"},{"name":"Frederick Wong","role":"Director of the Board"}],"products":["Haitang Bay integrated smart energy project","Meishan project","battery swap station network"],"companies":[{"name":"CF Energy Corp.","ticker":"CFY","relationship":"filer"}],"dollarAmounts":[{"amount":"CAD22.5 million","context":"Q1 2026 revenue"},{"amount":"CAD20.7 million","context":"Q1 2025 revenue"},{"amount":"CAD6.0 million","context":"Q1 2026 gross profit"},{"amount":"CAD4.8 million","context":"Q1 2025 gross profit"},{"amount":"CAD1.0 million","context":"Q1 2026 net profit"},{"amount":"CAD0.3 million","context":"Q1 2025 net profit"},{"amount":"CAD4.7 million","context":"Q1 2026 EBITDA"},{"amount":"CAD4.3 million","context":"Q1 2025 EBITDA"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-29T01:40:26.010Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap","eventGravity":"routine_earnings","sectorWeight":"low","householdBrandBoost":0,"marketCapAdjustment":"negative","retailFavoriteBoost":0}},"durationMs":25198,"modelName":"george-droid-qwen-72b"}}