<span item_type="fundamental" item_id="09cb5892a8a25eda35fc03972ea89db0" counter_id="ST/US/CTWO" env="prod"></span><span item_type="announcement" item_id="571901340012905985" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 154.</p><p>EPS: As of FY2025 Q3, the actual value is USD 0.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -3.875 K.</p><p></p><h3>Segment Revenue</h3><ul><li>The Trust issued 150,000 Shares in exchange for 30,000 EUAs, with no Shares redeemed in exchange for EUAs during the period from June 17, 2025, to August 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1958928/000121390025099117/ea0261300-10q_cotwo.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Net investment loss for the period was - $3,721.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1958928/000121390025099117/ea0261300-10q_cotwo.htm"></span></li><li>Net realized gain from foreign currency transactions was $6,657.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1958928/000121390025099117/ea0261300-10q_cotwo.htm"></span></li><li>Net change in unrealized depreciation on investment in EUAs was - $2,359.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1958928/000121390025099117/ea0261300-10q_cotwo.htm"></span></li><li>Net decrease in net assets resulting from operations was - $42.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1958928/000121390025099117/ea0261300-10q_cotwo.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Net cash provided by (used in) operating activities was - $2,514,698.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1958928/000121390025099117/ea0261300-10q_cotwo.htm"></span></li><li>Net cash provided by (used in) financing activities was $2,539,025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1958928/000121390025099117/ea0261300-10q_cotwo.htm"></span></li><li>Net increase (decrease) in cash and cash equivalents was $24,327.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1958928/000121390025099117/ea0261300-10q_cotwo.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>The Trust’s NAV per Share began the period at $16.95 and ended the period at $16.93.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1958928/000121390025099117/ea0261300-10q_cotwo.htm"></span></li><li>The market value per Share began the period at $17.14 and ended the period at $16.83.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1958928/000121390025099117/ea0261300-10q_cotwo.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li>The Trust expects the primary drivers of EUA price levels to continue to be overall weather, levels of economic activity, ongoing conflict between Ukraine and Russia, possible linkage of the United Kingdom Allowance market and the European Union Allowance market, and the introduction of the shipping industry to the EU ETS.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1958928/000121390025099117/ea0261300-10q_cotwo.htm"></span></li><li>The Trust’s NAV and market price tracked closely during the period, with discrepancies related to the small public float and limited trading in CTWO’s equity. As more shares are issued, the frequency and magnitude of the trading premium/discount to NAV are expected to decline.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1958928/000121390025099117/ea0261300-10q_cotwo.htm"></span></li></ul>

COtwo Advs Physical Eur Carb AllowanceTr | 10-Q: FY2025 Q3 Revenue: USD 154