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Aemetis Reports Third Quarter 2025 Financial Results

  • Aemetis reported third-quarter 2025 revenue of $59.2 million, an increase of $7 million compared to Q2 2025.
  • Revenue growth was driven by India Oil Marketing Company orders & higher ethanol prices/volumes.
  • Biogas operations with 12 digesters generated 114,000 MMBtu of renewable natural gas & $4 million in revenue.
  • California Ethanol operations ran at lower grind rates to maximize margins while investing in carbon-intensity reduction.
  • Aemetis signed an agreement with NPL Construction to build a $30 million Mechanical Vapor Recompression system expected to add $32 million to annual operating cash flow.
  • India Biofuels segment generated $14.5 million in revenue & its subsidiary targets an IPO in 2026.
  • Cash reserves increased to $5.6 million from $1.6 million in Q2 2025 to support project execution.
  • Third-quarter 2025 net loss was $23.7 million compared to $17.9 million in the same period in 2024.
  • Nine-month 2025 revenue totaled $154.3 million, down from $220.6 million in the same period in 2024 due to reduced biodiesel contracts in India.
  • Nine-month 2025 net loss was $71.7 million, flat compared to $71.3 million in the same period in 2024.
  • Capital project investments totaled $4.1 million in Q3 2025 & $9.4 million for the first nine months of the year.
  • The company plans to sell $20 million of Section 45Z & Section 48 tax credits following the completion of a multi-dairy biogas digester.
  • Interest expense excluding preferred unit accretion was $13 million in Q3 2025 compared to $11.7 million in Q3 2024.