Company: SDSYA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001163609-25-000023
Chunk: 36

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 36
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2025, compared to $0 in the same period of 2024.

Other Non-Operating Income – Other non-operating income (expense), including patronage dividend income, decreased $1.3 million during the three months ended June 30, 2025, compared to the same period in 2024. The decline was primarily driven by an approximate $1.3 million decrease in interest income earned on investment proceeds held by our subsidiaries in connection with the equity financing of the High Plains Processing plant.

Net Income/Loss – During the three-month period ended June 30, 2025, we generated a net loss attributed to the Company of $1.0 million compared to a net income of $6.0 million for the same period in 2024. The $7.0 million decrease was primarily attributable to decreased gross margins and interest income.

18

Comparison of the Six Months Ended June 30, 2025 and 2024

 Six Months Ended June 30, 2025Six Months Ended June 30, 2024 $% of Revenue$% of RevenueRevenue$228,554,043 100.0 $297,977,739 100.0 Cost of revenues(222,374,364)(97.3)(282,080,346)(94.7)Gross profit6,179,679 2.7 15,897,393 5.3 Operating expenses(3,406,750)(1.5)(3,137,428)(1.1)Interest expense(2,378,004)(1.0)(3,373,060)(1.1)Other non-operating income (expense)1,244,577 0.5 3,328,466 1.1 Net income1,639,502 0.7 12,715,371 4.3 Net income attributable to non-controlling interests in consolidated entities(1,760,424)(0.8)1,210,558 0.4 Net income attributable to Company$3,399,926 1.5 $11,504,813 3.9 

Revenue – Revenue decreased by $69.4 million, or 23.3%, for the six-month period ended June 30, 2025, compared to the same period in 2024 due to decreases in the average sales price of soybean products and in production. The