ONENERGY INC. Reports 2025 Q2 Results and Provides Corporate Update

(TheNewswire)

TORONTO, CANADA (August 28,2025) – TheNewswire- ONEnergy Inc. (“ ONEnergy ” or the" Company ”) (NEX: OEG.H), today announced that it has filed itsfinancial results as at and for the three- and six-month periods endedJune 30, 2025 and provides a corporate update.

Financial results

For the three-month period ended June 30, 2025, netloss and comprehensive loss was ($118,000) compared to net income andcomprehensive income of $10,321,000, during the same period in2024.

For the six-month period ended June 30, 2025, net lossand comprehensive loss was ($297,000) compared to net income andcomprehensive income of $10,102,000, during the same period in2024.

Net income and comprehensive income for the three- andsix-month periods ended June 30, 2024 included a gain on settlement ofunsecured liabilities of $10,480,000 related to a Division I proposalimplemented pursuant to the Bankruptcy and Insolvency Act (Canada) on June26, 2024.

For further information on the financial results of theCompany, please review the Company’s unaudited interim condensedconsolidated financial statements and management’s discussion andanalysis of financial condition and results of operations for thethree- and six-month periods ended June 30, 2025, available under theCompany’s issuer profile on SEDAR+ at www.sedarplus.ca .

Secured grid promissory note debtfinancing

Between May 23, 2025 and August 28, 2025, Stephen J.J.Letwin, a director and Chairman of the Board of Directors, providedadvances under a secured grid promissory note (the “ Secured Note ”) tothe Company totaling $53,000 . The Secured Note is not convertible into securities of theCompany, is secured by a first-ranking security over the Company’sassets, permits repayments and additional drawdowns and bears anannual interest rate at 10%.

About ONEnergy Inc.

ONEnergy common shares are listed on the NEX board ofthe TSX Venture Exchange under the symbol “OEG.H”.  Materialinformation about ONEnergy can be found on SEDAR+ under theCompany’s issuer profile at www.sedarplus.ca . ONEnergy's corporate website may be found at www.onenergyinc.com .

For additional information pleasecontact:

Ray de Ocampo, Chief Financial Officer,irinfo@onenergyinc.com, +1 (647) 253-2534

This news release contains certain"forward-looking information" and "forward-lookingstatements" (collectively "forward-looking statements")within the meaning of applicable securities legislation. Forward-looking statements in this news release include, but are notlimited to, statements about the business and operations of theCompany.   Although the Company believes that the expectationsreflected in these forward-looking statements are reasonable, unduereliance should not be placed on them as actual results may differmaterially from the forward-looking statements and there can be noassurance that such expectations will prove to be correct. Theforward-looking statements contained in this news release are made asof the date hereof, and the Company undertakes no obligation to updatepublicly or revise any forward-looking statements or information,whether as a result of new information, future events or otherwise,except a required by applicable securities laws. The forward-lookingstatements contained in this news release are expressly qualified bythis cautionary statement.

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.

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