Aemetis Q1 2025 Earnings: Revenue Down 41% Due to Contract Timing, RNG Segment Sees 140% YoY Growth

Aemetis reported Q1 2025 revenues of $42.9 million, a 41% decline from Q1 2024 due to timing shifts in Indian government biodiesel contracts. The company experienced stable net losses of $24.5 million and cash reserves of $0.5 million, bolstered by $19 million from tax credit sales. The RNG segment saw a 140% year-over-year revenue increase, with operational facilities expanding from 19 to 26 dairy digesters by year-end.

Aemetis, Inc. (NASDAQ: AMTX) has released its Q1 2025 financial results, showing a significant decline in revenues but stable net losses and a strong performance in its renewable natural gas (RNG) segment. The company reported revenues of $42.9 million, a 41% year-over-year decrease from $72.6 million in Q1 2024. This decline was primarily due to timing shifts in securing new government biodiesel contracts in India [1].

Despite the revenue drop, Aemetis maintained a relatively stable net loss position of $24.5 million, compared to $24.2 million in the prior year period. The company's liquidity position appeared precarious, with only $0.5 million in cash at quarter-end, down from $0.9 million at year-end 2024. However, this was offset by $19.0 million in cash proceeds from selling transferable investment tax credits, with additional tax credit sales expected later in 2025, particularly under the Section 45Z program [2].

The RNG segment showed promising growth with a 140% year-over-year revenue increase in Q1. Aemetis now has 19 dairy digesters operational, with plans to reach 26 by year-end, indicating expanding production capacity in this high-growth segment. The ethanol segment is benefiting from completed solar microgrid upgrades and MVR system development, while the India Biofuels segment grew 27% in Q1 and is preparing for a potential IPO [1].

Supporting these operations are favorable policy developments, including the nationwide shift from E10 to year-round E15 ethanol blends, expanding low-carbon fuel standards, IRS establishment of provisional emissions rates for dairy RNG and 45Z production tax credits, and a 20-year mandate to increase low-carbon fuel usage—all creating a supportive regulatory environment for Aemetis's business model [2].

References:
[1] https://www.stocktitan.net/news/AMTX/stonegate-capital-partners-updates-coverage-on-aemetis-inc-amtx-q1-3d5fagqiezvm.html
[2] https://markets.financialcontent.com/stocks/article/newsfile-2025-6-16-stonegate-capital-partners-updates-coverage-on-aemetis-inc-amtx-q1-2025