Company: SDSYA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001163609-25-000023
Chunk: 8

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 8
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,636,386 Balances, June 30, 202430,411,500 $169,464,317 $157,445,205 $326,909,522 Balances, December 31, 202430,411,500 $178,279,321 $157,677,403 $335,956,724 Net income (loss)— 4,373,073 (282,677)4,090,396 Distributions to members— (7,672,273)— (7,672,273)Balances, March 31, 2025— 174,980,121 157,394,726 332,374,847 Net loss— (973,147)(1,477,747)(2,450,894)Balances, June 30, 202530,411,500 $174,006,974 $155,916,979 $329,923,953 

The accompanying notes are an integral part of these condensed consolidated financial statements.

7

South Dakota Soybean Processors, LLC

Condensed Consolidated Statements of Cash Flows (Unaudited)

For the Six Months Ended June 30, 2025 and 2024 

 20252024Operating activities  Net income$1,639,502 $12,715,371 Adjustments to reconcile net income to net cash used in operating activities:  Depreciation and amortization3,969,130 3,023,367 Net loss recognized on derivative activities2,484,115 995,622 Non-cash patronage dividends(184,892)(59,701)Change in current operating assets and liabilities(45,962,208)(19,810,614)Net cash used in operating activities(38,054,353)(3,135,955)Investing activities  Increase in other assets(326,688)(319,500)Purchase of property and equipment(122,921,005)(69,958,342)Net cash used in investing activities(123,247,693)(70,277,842)Financing activities  Change in excess of outstanding checks over bank balances(4,929,254)(6,903,221)Net proceeds from seasonal borrowings4,595,604 32,365,300 Proceeds from issuance of capital units— 57,500,000 Distributions paid to