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Mar 31
Aemetis Q1 2025 Earnings Report
Aemetis reported a decrease in revenue and an increase in net loss for the first quarter of 2025, primarily due to delays in contracts from India and increased operating expenses.
Key Takeaways
Aemetis reported total revenues of $42.9 million for the first quarter of 2025, a decrease from $72.6 million in the same period last year. The company experienced a net loss of $24.5 million, compared to a net loss of $24.2 million in Q1 2024. The decline in revenue was primarily attributed to delays in contracts from government-owned Oil Marketing Companies in India, although new letters of intent for $31 million were issued in April 2025.
Total revenues for Q1 2025 were $42.9 million, a significant decrease from $72.6 million in Q1 2024.
Net loss for Q1 2025 was $24.5 million, slightly higher than the $24.2 million net loss in Q1 2024.
Sales of investment tax credits resulted in cash proceeds of $19.0 million during Q1 2025.
India Biodiesel received letters of intent in April for an aggregate of $31 million of biodiesel sales to OMCs for delivery in May, June and July of 2025.
Aemetis
Aemetis
Aemetis Revenue by Segment
Aemetis Revenue by Geographic Location
Revenue by Segment
California Ethanol Revenue
CapyFin.comCalifornia Renewable Natural Gas Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
Aemetis anticipates substantial additional revenues upon receiving LCFS provisional pathway approvals and federal Inflation Reduction Act Section 45Z production tax credits. The company is also focused on improving cash flow from its California Ethanol segment by replacing fossil natural gas with lower carbon electricity.
Positive Outlook
- Expects substantial additional revenues from LCFS provisional pathway approvals.
- Anticipates receiving federal Inflation Reduction Act Section 45Z production tax credits.
- Continued growth of Aemetis Biogas production and progress in building a large centralized dairy digester.
- Focus on improving cash flow from California Ethanol segment by replacing fossil natural gas with lower carbon electricity.
- New OMC letters of intent for $31 million for India Biodiesel sales in May, June, and July 2025.
Challenges Ahead
- Delays with the receipt of contracts in India from government-owned Oil Marketing Companies impacted Q1 2025 revenue.
- Increased selling, general and administrative expenses due to legal and other transaction costs.
- Operating loss increased compared to the same period last year.
- Interest expense increased compared to the same period last year.
- Net loss slightly increased compared to the same period last year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income