Company: AMTX
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033667
Chunk: 102

Company: AEMETIS, INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1F
Chunk 102
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,315
     )

     (23.6
     )%

California Ethanol. We ground 5.0 million bushels of corn at an average cost of $5.95 per bushel during the three months ended September 30, 2025, compared to 5.5 million bushels of corn at an average cost of $6.07 per bushel during the three months ended September 30, 2024. The decrease in cost of goods sold for the three months ended September 30, 2025, is mainly due to the planned reduction in the quantity of corn ground along with a slight decrease in the average corn price per bushel.  

       23

       (Tabular data in thousands, except par value and per share data)

California Dairy Renewable Natural Gas. Cost of goods sold increased between the third quarter of 2024 to the third quarter of 2025 as a result of the increased manure costs, digester maintenance expenses, and depreciation from additional digesters placed into service

India Biodiesel.  The decrease in cost of goods sold during the three months ended September 30, 2025, compared to September 30, 2024, was attributable to reduced biodiesel sales resulting in a 52% decrease in tons of feedstock used, offset by a 7% cost increase in feedstock used. 

Gross profit (loss)

      2025 

      2024 

      Inc/(dec) 

      % change 

      California Ethanol 
      
     $
     (1,432
     )
      
     $
     85

     $
     (1,517
     )

     (1784.7
     )%

      California Dairy Renewable Natural Gas 

     1,300

     1,897

     (597
     )

     (31.5
     )%

      India Biodiesel 

     74

     1,896

     (1,822
     )

     (96.1
     )%

      Total 
      
     $
     (58
     )
      
     $
     3,878

     $
     (3,936
     )

     (101.5
     )%

California Ethanol. The decrease in gross profit during the three months ended September 30, 2025, compared to the same period in 2024,