Mr. Ray de Ocampo reports

ONENERGY INC. REPORTS 2025 Q3 RESULTS AND PROVIDES CORPORATE UPDATE

ONEnergy Inc. has filed its financial results as at and for the three- and nine-month periods ended Sept. 30, 2025, and provides a corporate update.

Financial results

For the three-month period ended Sept. 30, 2025, the net loss and comprehensive loss totalled $138,000, compared with the net loss and comprehensive loss of $97,000 during the same period in 2024.

For the nine-month period ended Sept. 30, 2025, net loss and comprehensive loss totalled $435,000, compared with the net income and comprehensive income of $10,005,000 during the same period in 2024.

Net income and comprehensive income for the nine-month period ended Sept. 30, 2024, included a gain on settlement of unsecured liabilities of $10.48-million related to a Division I proposal implemented pursuant to the Bankruptcy and Insolvency Act (Canada) on June 26, 2024.

For further information on the financial results of the company, please review the company's unaudited interim condensed consolidated financial statements and management's discussion and analysis of financial condition and results of operations for the three- and nine-month periods ended Sept. 30, 2025, available under the company's issuer profile on SEDAR+.

Secured grid promissory note debt financing

Between Aug. 29, 2025, and Nov. 25, 2025, Stephen J.J. Letwin, a director and chairman of the board of directors, provided advances under a secured grid promissory note to the company totalling $60,500. The secured note is not convertible into securities of the company, is secured by a first-ranking security over the company's assets, permits repayments and additional drawdowns, and bears an annual interest rate at 10 per cent.

About ONEnergy Inc.

ONEnergy common shares are listed on the NEX board of the TSX Venture Exchange under the symbol OEG.H. Material information about ONEnergy can be found on SEDAR+ under the company's issuer profile.

We seek Safe Harbor.