DivestmentMay 20, 2026, 06:07 AM
Cyber Enviro-Tech Spins Off Alvey Oil Field; Net Loss $7.64M
AI Summary
Cyber Enviro-Tech, Inc. reported a net loss of $7.64 million for the fiscal year ended December 31, 2025, a 20.0% increase from the previous year. The company spun off its Alvey oil field operation on October 14, 2025, exchanging assets for 8.6 million shares of West Texas Resources Incorporated, to focus on water and oil/soil remediation. Additionally, CETI Axenic ceased operations, and the company entered a manufacturing and distribution agreement with AirPower USA for clean energy systems, signaling a strategic shift towards broader environmental solutions.
Key Highlights
- Spun off Alvey oil field operation on October 14, 2025, for 8.6 million shares of West Texas Resources Incorporated.
- Reported a net loss of $7.64 million for the fiscal year ended December 31, 2025, a 20.0% increase from FY2024.
- Loss from continuing operations increased 26.5% to $6.16 million in FY2025.
- Entered a manufacturing and distribution agreement with AirPower USA for compressed-air-powered energy generation systems.
- Formed wholly-owned subsidiaries in Turkey (February 2025) and UAE (June 2025) to manage international contacts.
- Research and development expenses decreased to $396k in FY2025 from $1.5 million in FY2024.
- Issued approximately 29.5 million common shares in 2025 for debt conversion and services.
- CETI Axenic, a 51% owned subsidiary focused on water remediation, shut down operations effective December 31, 2025.
Price Impact
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