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Aemetis reported Q3 2025 revenue of $59.2M, up $7M from Q2, driven by stronger California ethanol margins and $14.5M of India biodiesel sales. Dairy RNG generated $4M in revenue from 12 operating digesters, with fully monetized CARB LCFS pathways. Cash increased to $5.6M, with a $30M MVR project expected to add $32M of annual cash flow and improve long-term plant economics.

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