Rex Trueform Group Limited - TRP121: notification of an

Rex Trueform Group Limited - TRP121: notification of an

REX American Resources (REX) has reported strong financial performance for the second quarter of 2025, highlighting its ongoing success in ethanol production and expansion projects. The company's executive chairman, Stuart A. Rose, emphasized the company's position and announced a 2-for-1 stock split, citing record-high share prices and a desire to increase liquidity. CEO Zafar A. Rizvi noted that the One Earth Energy facility expansion is progressing steadily, with energy efficiency initiatives complete and the expanded plant expected to reach 175 million gallons of annual ethanol capacity in 2026 [1].

The company's CFO, Douglas L. Bruggeman, reported that ethanol sales volumes reached 70.6 million gallons during the second quarter, with an average selling price of $1.75 per gallon. Dried distiller grain sales volumes were approximately 148,000 tons at a price of $143.63 per ton, while corn oil sales volumes increased by 14%, with prices up by 26%, resulting in a 46% increase in sales dollars compared to the prior year. Gross profit for Q2 2025 was $14.3 million, and net income attributable to REX shareholders was $7.1 million or $0.43 per diluted share. The company maintained a cash balance of $310.5 million with no bank debt [1].

Looking ahead to the third quarter of 2025, Rizvi expects better performance compared to the first two quarters, supported by favorable corn supply, strength, and steady demand, particularly from rising ethanol exports. The company anticipates that Q3 2025 will outperform Q2 but will not be as strong as last year's Q3, which was the second-best quarter on record [1].

REX's stock split will take effect on September 8, 2025, with shareholders of record receiving a 100% stock dividend. The split aims to increase liquidity and make the stock more accessible to investors [1].

References:
[1] https://seekingalpha.com/news/4489687-rex-american-resources-signals-q3-outperformance-and-2-forminus-1-stock-split-while-advancing