Houston American Energy sees Q3 preliminary operating expenses $3.8M

Third Quarter 2025 Preliminary, Unaudited Results: Preliminary, total operating expenses for the third quarter 2025 are expected to be approximately $3.8 million, an increase of $2.7 million compared to the second quarter 2025 reflecting the operating costs of the number of the combined organization following the acquisition on July 1, 2025, as well as the additional costs of integration. The increased cost also reflects a number of initiatives undertaken in the quarter: Completion of acquisition of 25-acre site in Cedar Port, Baytown, TX; Appointment of Nexus PMG as Engineering and Service Provider to support the development of Abundia Global Impact Group LLC’s, a wholly-owned subsidiary of HUSA Plastics Recycling Facility and Innovation Hub; Breaking ground on the AGIG Innovation Hub and R&D Center at Cedar Port; Further development of biomass to liquid fuels and sustainable aviation fuel with the execution of a binding term sheet with BTG Bioliquids B.V.; Establishment of a new Board of Directors following the acquisition of AGIG, integrating seasoned industry and financial leaders to support the Company’s transition into low-carbon fuels and chemicals. Preliminary, unaudited cash and cash equivalents as of September 30, 2025, is expected to be approximately $1.5 million. Preliminary, unaudited goodwill as of September 30, 2025, is expected to be approximately $13.0 million. Preliminary, unaudited land asset as of September 30, 2025, is expected to be approximately $8.6 million. Preliminary, unaudited debt as of September 30. 2025, is expected to be approximately $11.0 million