Mr. Ray de Ocampo reports

ONENERGY INC. REPORTS 2025 Q1 RESULTS AND PROVIDES CORPORATE UPDATE

ONEnergy Inc. has filed its financial results as at and for the three-month period ended March 31, 2025, and has provided a corporate update.

Financial results

For the three-month period ended March 31, 2025, net loss and comprehensive loss was ($179,000) compared with net loss and comprehensive loss of ($219,000) during the same period in 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-month period ended March 31, 2025, available under the company's issuer profile on SEDAR+.

Secured grid promissory note debt financing

Between March 7, 2025, and May 22, 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 $87,500. 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.

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