Company: AMTX
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033667
Chunk: 104

Company: AEMETIS, INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1F
Chunk 104
---
 the comparative quarters, while revenue decreased during the three months ended September 30, 2025.  

    Other expenses consist primarily of interest and amortization expense on debt and accretion of the liability to repurchase biogas Series A Preferred Units. The cost of debt includes issuance of warrants as renewal fees. The fair value of stock and warrants are amortized as expenses, except when the extinguishment accounting method is applied, in which case refinanced debt costs are recorded as extinguishment expense. Interest expense and debt related fees and amortization increased in the three months ended
   September 30, 2025, due to higher variable interest rates and higher debt balances.

       24

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

Nine Months Ended September 30, 2025, Compared to Nine Months Ended September 30, 2024

Revenues

      2025 

      2024 

      Inc/(dec) 

      % change 

      California Ethanol 
      
     $
     115,762

     $
     121,155

     $
     (5,393
     )

     (4.5
     )%

      California Dairy Renewable Natural Gas 

     9,490

     9,640

     (150
     )

     (1.6
     )%

      India Biodiesel 

     29,067

     89,841

     (60,774
     )

     (67.6
     )%

      Total 
      
     $
     154,319

     $
     220,636

     $
     (66,317
     )

     (30.1
     )%

California Ethanol. For the nine months ended September 30, 2025, this segment generated 75% of its revenue from sales of ethanol, and the rest from sales of WDG, corn oil, CDS, and CO₂. During the nine months ended September 30, 2025, the Keyes plant sold 42.6 million gallons of ethanol at an average price of $2.04 per gallon and 280.0 thousand tons of WDG at an average price of $82.66 per ton, compared to sales during the nine months ended September 30, 2024, when the Keyes plant sold 44.4 million gallons of ethanol at an average price of