Aemetis Inc. Reports Q1 2025 Financial Results

Aemetis Inc ( (AMTX) ) has released its Q1 earnings. Here is a breakdown of the information Aemetis Inc presented to its investors.

Aemetis Inc., headquartered in Cupertino, California, is a renewable natural gas and renewable fuels company focused on producing low and negative carbon intensity products to replace petroleum products and reduce greenhouse gas emissions. The company operates facilities in California and India, with a focus on ethanol, biodiesel, and renewable natural gas production.

In its first quarter of 2025 financial results, Aemetis reported revenues of $42.9 million, a decrease from $72.6 million in the same quarter of 2024. The decline was primarily due to delays in receiving contracts from government-owned Oil Marketing Companies in India. However, the company has received new letters of intent for $31 million in biodiesel sales, with shipments commencing in April 2025.

Key financial highlights include a gross loss of $5.1 million, an operating loss of $15.6 million, and a net loss of $24.5 million for the quarter. Despite these losses, Aemetis saw growth in its California Ethanol and Dairy Renewable Natural Gas segments, with an increase in ethanol revenue and a 10,100 MMBtu rise in renewable natural gas sales compared to the previous year. The company also generated $19 million from the sale of investment tax credits.

Looking ahead, Aemetis is optimistic about future growth, with expectations of increased revenues from LCFS provisional pathway approvals and federal tax credits. The company is also advancing its projects in California, including the construction of a large centralized dairy digester and the mechanical vapor recompression project to improve cash flow by replacing fossil natural gas with lower carbon electricity.