For the three months ended June 30, 2026

California Ethanol

California Dairy Renewable Natural Gas

India Biodiesel

All Other

Total

​

​

​

​

​

Revenues

52,865

7,325

2,510

-

62,700

Gross profit

8,859

3,989

667

-

13,515

​

​

​

​

​

Net income (loss)

(1,500

)

(190

)

42

(7,719

)

(9,367

)

Interest and debt amortization expense

8,856

1,134

-

3,675

13,665

Depreciation and amortization

1,073

1,216

184

72

2,545

Accretion and other expenses of Series A preferred units

-

1,509

-

-

1,509

Bad debt expense

-

-

-

87

87

Loss on sale/disposal of assets

-

20

86

-

106

Stock-based compensation expense

-

-

-

1,121

1,121

EBITDA

8,429

3,689

312

(2,764

)

9,666

​

​

​

​

​

Capital expenditures

5,519

2,591

99

325

8,535

Total assets as of June 30, 2026

83,929

129,528

22,257

53,465

289,179

Allocation of corporate overhead expense to segments

2,968

3,340

371

(6,679

)

-

For the three months ended June 30, 2025

California Ethanol

California Dairy Renewable Natural Gas

India Biodiesel

All Other

Total

​

​

​

​

​

Revenues

37,288

3,051

11,904

-

52,243

Gross profit (loss)

(3,806

)

855

(404

)

-

(3,355

)

​

​

​

​

-

Net loss

(12,611

)

(3,533

)

(586

)

(6,665

)

(23,395

)

Interest expense including amortization of debt fees

8,001

939

291

3,099

12,330

Accretion and other expenses of Series A preferred units

-

2,032

-

-

2,032

Income tax expense (benefit)

1

-

(530

)

-

(529

)

Depreciation

1,075

1,012

198

65

2,350

Stock-based compensation expense

-

-

-

1,433

1,433

Other amortization

11

-

-

-

11

EBITDA

(3,523

)

450

(627

)

(2,068

)

(5,768

)

​

​

​

​

​

Capital expenditures

339

2,836

60

290

3,525

Total assets as of June 30, 2025

53,230

124,099

25,462

37,225

240,016

Allocation of corporate overhead expense to segments

1,945

3,241

648

(5,834

)

-

For the six months ended June 30, 2026

California Ethanol

California Dairy Renewable Natural Gas

India Biodiesel

All other

Total

​

​

​

​

​

Revenues

91,691

12,579

13,049

-

117,319

Gross profit

9,431

6,063

777

-

16,271

​

​

​

​

-

Net loss

(11,202

)

(2,312

)

(418

)

(17,148

)

(31,080

)

Interest and debt amortization expense

17,819

2,288

119

7,813

28,039

Depreciation and amortization

2,129

2,435

374

142

5,080

Accretion and other expenses of Series A preferred units

-

3,122

-

-

3,122

Bad debt expense

72

-

-

291

363

Income tax expense (benefit)

-

10

(155

)

14

(131

)

Loss on sale/disposal of assets

-

20

88

-

108

Stock-based compensation expense

-

-

-

2,825

2,825

Stock issued for services

-

-

-

50

50

EBITDA

8,818

5,563

8

(6,013

)

8,376

​

​

​

​

​

Capital expenditures

8,873

5,743

110

356

15,083

Total assets as of June 30, 2026

83,929

129,528

22,257

53,465

289,179

Allocation of corporate overhead expense to segments

6,411

7,213

801

(14,425

)

-

For the six months ended June 30, 2025

California Ethanol

California Dairy Renewable Natural Gas

India Biodiesel

All other

Total

​

​

​

​

​

Revenues from external customers

75,036

5,494

14,599

-

95,129

Gross profit (loss)

(8,744

)

1,160

(851

)

-

(8,435

)

​

​

​

​

​

Net loss

(27,521

)

(1,771

)

(2,298

)

(16,334

)

(47,924

)

Interest expense including amortization of debt fees

16,462

1,887

747

6,927

26,023

Accretion and other expenses of Series A preferred units

-

4,311

-

-

4,311

Income tax expense (benefit)

1

(6,995

)

(329

)

11

(7,312

)

Depreciation

2,176

2,021

382

129

4,708

Stock-based compensation expense

-

-

-

3,741

3,741

Other amortization

23

-

-

-

23

EBITDA

(8,859

)

(547

)

(1,498

)

(5,526

)

(16,430

)

​

​

​

​

​

Capital expenditures

382

4,093

439

436

5,350

Total assets as of June 30, 2025

53,230

124,099

25,462

37,225

240,016

Allocation of corporate overhead expense to segments

4,629

7,715

1,543

(13,887

)

-