Aemetis 2025 Q2 Earnings Loss Narrows by 37.9%

Aemetis reported its Q2 2025 earnings on August 8, showing a 37.9% improvement in per-share losses and a 19.8% reduction in net losses compared to the same period in 2024. The results, however, did not include updated guidance, and the earnings-driven stock strategy performed poorly.

Revenue
Aemetis posted Q2 2025 revenue of $52.24 million, reflecting a 21.5% year-over-year decline. The California Ethanol segment accounted for the majority of revenue at $37.29 million, while the India Biodiesel segment contributed $11.90 million. The California Dairy Renewable Natural Gas segment added $3.05 million to the total.

Earnings/Net Income
The company narrowed its per-share loss to $0.41 from $0.66 in the prior-year quarter, marking a 37.9% improvement. Aemetis also reduced its net loss to $-23.39 million in Q2 2025, down from $-29.17 million in the same period of 2024, a 19.8% reduction. Despite the improvement, the company remains unprofitable.

Price Action
Aemetis (AMTX) shares surged 9.01% on the latest trading day but fell 11.03% over the past week and 30.66% month-to-date.

Post-Earnings Price Action Review
A strategy of buying Aemetis shares after a revenue increase quarter-over-quarter and holding for 30 days delivered a -77.83% return over the past three years, vastly underperforming the benchmark of 47.91%. The negative return highlights significant underperformance with a CAGR of -39.84%, a maximum drawdown of 0%, and a poor Sharpe ratio of -0.42. The strategy remains highly risky with little downside protection.

CEO Commentary
CEO Raj Gupta expressed cautious optimism about Aemetis’ long-term potential, emphasizing the importance of capital efficiency, operational execution, and disciplined investment. He highlighted growth in renewable fuel markets and production capabilities, while noting challenges such as commodity volatility and supply chain constraints.

Guidance
Aemetis did not provide explicit forward-looking guidance during the earnings call. The company reiterated its focus on operational efficiency and strategic investments but did not outline specific targets for revenue, EPS, or CAPEX.

Additional News
Recent international news included India’s pushback against doubled levies and the Trump administration’s directive to exclude illegal immigrants from the U.S. census. The UN warned of the dangers of trade wars, while global diplomatic tensions flared, particularly over the Gaza crisis and the potential for an Israeli occupation. In Asia, Cambodia and Thailand signed a ceasefire agreement, while Africa saw multiple aviation incidents and central banks turning to gold for stability. In the U.S., Trump nominated a key economic adviser to the Federal Reserve Board, and United Airlines resumed flights after a tech issue was resolved.