Company: AMTX
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033667
Chunk: 45

Company: AEMETIS, INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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 was attributable primarily to decreases in volumes by 5% and 10% for ethanol and WDG respectively, coupled with a decrease of 10% in the average sales price of WDG, and partially offset by a 7.2% cost reduction.

California Dairy Renewable Natural Gas. The decrease in gross profit for the three months ended September 30, 2025, compared to the same period in 2024, is due to the increase in costs of goods sold for the increased number of operating digesters.

India Biodiesel. The decrease in gross profit for the three months ended September 30, 2025, compared to the same period in 2024, reflects the decrease in the quantity of biodiesel sold, as well as a decrease in glycerin sold, coupled with an increase in feedstock costs.  

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

      2025 

      2024 

      Inc/(dec) 

      % change 

      Selling, general and administrative 

     8,450

     7,750

     700

     9.0
     %

      Other expense (income): 

      Interest expense 

      Interest rate expense 
      
     $
     11,889

     $
     10,096

     $
     1,793

     17.8
     %

      Debt related fees and amortization expense 

     1,061

     1,651

     (590
     )

     (35.7
     )%

      Accretion and other expenses of Series A preferred units 

     2,034

     3,267

     (1,233
     )

     (37.7
     )%

      Other (income) expense 

     249

     (1,225
     )

     1,474

     (120.3
     )%

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 were 14% in the three months ended September 30, 2025, compared to 10% in the three months ended September 30, 2024. SG&A expense remained consistent between