| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 54.62 | 27.4% |
| Total Income | 54.62 | 27.4% |
| Expenditure | 60.95 | 4.3% |
| PBT | -21.84 | 30.3% |
| Net Profit | -21.71 | 11.5% |
| OPM | -11.60% | 24.67pp |
| NPM | -39.75% | 17.44pp |
| EPS | -0.33 | 29.8% |
Aemetis Reports Q1 2026: Revenue Up 27% to $54.6 Million
07 May 2026 · 7 May, 6:18 pm
Summary
Aemetis, Inc. announced its financial results for the three months ended March 31, 2026. Revenues for Q1 2026 were $54.6 million, reflecting a 27% year-over-year increase. The company posted a gross profit of $2.8 million, a significant improvement from the gross loss in the same quarter last year. The growth was attributed to strong performance across the California Ethanol, Dairy RNG, and India Biodiesel segments. The company is focused on improving cash flow from its California Ethanol segment and continues to see growth in Aemetis Biogas production.
Key Highlights
- 1
Aemetis reported revenues of $54.6 million, a 27% increase over Q1 2025, driven by growth across California Ethanol, Dairy RNG, and India Biodiesel segments.
- 2
The company achieved a gross profit of $2.8 million, compared to a gross loss of $5.1 million in Q1 2025.
- 3
Operating loss improved by approximately 60% to $6.3 million, compared to $15.6 million in Q1 2025.
- 4
Aemetis Biogas RNG sales volume grew 55% to 110,000 MMBtu, compared with 71,000 MMBtu in Q1 2025.
- 5
India Biodiesel revenue rebounded to $10.5 million with the resumption of OMC tender shipments under new contracts.
- 6
The company recognized $4.0 million of Section 45Z Production Tax Credits in Q1 2026.
- 7
Revenues include LCFS credits earned from seven Dairy RNG pathways with an average CI score of negative 380.
Management Comments
Todd Waltz
Revenues during the first quarter of 2026 were $54.6 million reflecting strong execution across our California Ethanol, Dairy RNG, and India Biodiesel segments, with each segment contributing to a 27% year-over-year revenue increase, We posted gross profit of $2.8 million in the quarter compared with a gross loss in the same quarter last year, reflecting both operational scale and the generation of Section 45Z Production Tax Credits. With seven fully approved LCFS provisional pathways averaging a negative 380 CI score, and six more biogas pathways nearing approval, we expect to significantly improve our Low Carbon Fuel Standard revenues during later quarters of 2026.”
Eric McAfee
We are pleased with the continued growth of Aemetis Biogas production, including the ramp up of volumes from a large centralized dairy digester to process waste from multiple dairies that became operational late last year. Our focus on significantly improving cash flow from our California Ethanol segment is underway with the delivery of major equipment for the mechanical vapor recompression project, which uses on-site solar and local geothermal grid electricity to displace approximately 80% of the fossil natural gas at Keyes. The India Biodiesel subsidiary continues to lead the industry during a time of rapid growth and a renewed focus by the India government.”
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