Base Carbon Q3 2026 results: CORSIA-eligible credit inventory, Rwanda cookstoves, Vietnam LOA progress
globenewswire.comBase Carbon reported third-quarter 2026 results on November 12, 2026. The company received about $1.9 million in cash from sales of CORSIA-eligible credits from its Rwanda cookstoves project, and Verra tagged roughly 982,000 additional credits as CORSIA-eligible during the quarter. Total CORSIA-eligible credits issued from the project now stand at 1,959,812. Base Carbon ended the quarter with $105.8 million in total assets, including $13.5 million in carbon credit inventory and $3.3 million in a carbon credit revenue participation asset. The company says it holds about 0.9 million CORSIA-eligible credits in its own inventory, with more held by project partner DelAgua. On the policy side, the European Commission's proposal to embed CORSIA into EU law through 2035 and a roughly 39% jump in the ICE Dec-26 CP1 futures contract are cited as tailwinds. In Vietnam, the government continues to work on its Article 6 and Letter of Authorization process, which would open the door for the household devices project's credits to reach compliance markets. The water purifier component has moved to Verra's VMR0015 methodology, cutting expected credit generation by about 15%. The India afforestation project remains on track for first issuance in 2027 under VM0047. Investors will want to watch how quickly Vietnam's LOA actually lands, since that is the biggest remaining catalyst.