Company: AMTX
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025271
Chunk: 96

Company: AEMETIS, INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1F
Chunk 96
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 2025, compared to the same period in 2024 is due to the decrease in sales and increase in costs of goods sold, primarily depreciation, for the increased number of operating digesters.

India Biodiesel. The decrease in gross profit during the six months ended June 30, 2025, compared to the six months ended June 30, 2024 reflects the reduced sales in 2025 the increase in feedstock costs.

Operating (income)/expense and non-operating (income)/expense

      2025 

      2024 

      Inc/(dec) 

      % change 

      Selling, general and administrative expenses 

     17,794

     20,650

     (2,856
     )

     (13.8
     )%

      Other expense (income): 

      Interest expense 

      Interest rate expense 
      
     $
     22,253

     $
     18,996

     3,257

     17.1
     %

      Debt related fees and amortization expense 

     3,770

     3,241

     529

     16.3
     %

      Accretion and other expenses of Series A preferred units 

     4,311

     6,788

     (2,477
     )

     (36.5
     )%

      Other income 

     (1,327
     )

     49

     (1,376
     )

     (2808.2
     )%

SG&A expenses consist primarily of salaries and related expenses for employees, marketing expenses related to sales of ethanol and WDG in California Ethanol and biodiesel and other products in India Biodiesel, as well as professional fees, insurance, other corporate expenses, and related facility expenses. SG&A expenses as a percentage of revenue increased to 19% in the six months ended June 30, 2025, compared to 15% in the six months ended June 30, 2024. The overall decrease in SG&A expense was primarily due to a $3.6 million loss on an asset write-off in the six months ended June 30, 2024, offset by a $2.2 million increase in expenses such as taxes, insurance, rent, utilities, supplies, and services, and $0.4 million increase in rental income from subleases in the six months ended June 30