AEMETIS, INC

Aemetis reported strong financial improvements for the second quarter of 2026, with revenues increasing 20% year-over-year to $62.7 million, driven by growth in its California Ethanol and Dairy RNG segments, including $8.6 million from Section 45Z tax credits. The company achieved a gross profit of $13.5 million and operating income of $5.8 million, significantly improving from losses in the prior year. Adjusted EBITDA also saw a substantial increase to $9.7 million. Aemetis continues to expand its biogas production and is pursuing various financing initiatives, including a potential IPO for its India subsidiary, while also investing in carbon intensity reduction projects.

Aemetis reported strong financial results for Q2 2026, with revenues increasing 20% to $62.7 million, driven by growth in its California Ethanol and Dairy RNG segments and $8.6 million in Section 45Z tax credits. The company achieved positive operating income of $5.8 million and significantly improved its net loss to $9.4 million and Adjusted EBITDA to $9.7 million. Operational highlights include a 38% increase in Dairy RNG sales volume and progress on new biogas digesters and the mechanical vapor recompression project at the Keyes ethanol plant. Aemetis is also pursuing a multi-track financing plan to support continued growth.

Aemetis, Inc. announced the sale of $18 million in Section 45Z Clean Fuel Production Tax Credits, generating approximately $14.5 million in net cash proceeds. These sales include credits from 2025 ethanol production and year-to-date 2026 ethanol and renewable natural gas (RNG) production. The company views these sales as a recurring contribution to cash flow and expects additional transactions and growing credit value in the future, driven by increased RNG production and potential updates to the 45ZCF-GREET model.

Aemetis, Inc. announced the receipt of key equipment for its $40 million mechanical vapor recompression (MVR) system at its Keyes, California ethanol plant. Once operational by the end of 2026, the MVR system is expected to increase annual cash flow from operations by $32 million and reduce natural gas usage by approximately 80%. The project has secured approximately $19.7 million in grants and tax credits, enhancing the plant's operational efficiencies and economic incentives.

Aemetis, Inc. announced that California's Capital Programs & Climate Financing Authority (CPCFA) adopted an Initial Resolution for the potential future issuance of up to $1.1 billion in tax-exempt bonds. This resolution meets federal tax requirements, allowing funds to be used for qualified project costs incurred after the resolution date and certain prior development costs. The financing aims to enhance Aemetis's financial position by funding projects like additional dairy digesters, biogas pipelines, CO2 sequestration, and sustainable aviation fuel production. While a significant step, the resolution does not guarantee final financing.

Aemetis, Inc. reported a significant increase in Q1 2026 revenues, up 27% to $54.6 million, and achieved a positive gross profit of $2.8 million compared to a loss in the prior year. The company also narrowed its net loss to $21.7 million from $24.5 million year-over-year. Despite these improvements, the company faces substantial financial obligations, with total debt increasing to $404.7 million and a significant portion, $342.6 million, due within the next twelve months. The company also obtained a waiver for a debt covenant violation.

Aemetis, Inc. reported strong financial results for Q1 2026, with revenues increasing 27% year-over-year to $54.6 million and a return to gross profit of $2.8 million from a loss in the prior year. The company saw significant growth in Dairy RNG sales volume and a rebound in India Biodiesel revenue, alongside the recognition of $4.0 million in Section 45Z Production Tax Credits. Aemetis is also progressing with key infrastructure projects and a multi-track financing plan.