For the three months ended September 30, 2026

California Ethanol

California Dairy Renewable Natural Gas

India Biodiesel

All Other

Total

​

​

​

​

​

Revenues

53,804

25,923

8,426

-

88,153

Gross profit

7,444

20,639

1,390

-

29,473

​

​

​

​

​

Net income (loss)

(3,826

)

16,782

671

(8,416

)

5,211

Interest and debt amortization expense

9,416

1,066

169

3,897

14,548

Depreciation and amortization

1,112

1,216

181

72

2,581

Accretion and other expenses of Series A preferred units

-

1,216

-

-

1,216

Bad debt expense

-

-

-

38

38

Income tax expense (benefit)

-

-

2

-

2

Stock-based compensation expense

-

-

-

1,193

1,193

EBITDA

6,702

20,280

1,023

(3,216

)

24,789

​

​

​

​

​

Capital expenditures

8,234

11,640

19

331

20,224

Total assets as of September 30, 2026

85,387

148,547

23,268

54,793

311,995

Allocation of corporate overhead expense to segments

3,054

3,435

382

(6,871

)

-

For the three months ended September 30, 2025

California Ethanol

California Dairy Renewable Natural Gas

India Biodiesel

All Other

Total

​

​

​

​

​

Revenues

40,726

3,996

14,468

-

59,190

Gross profit (loss)

(1,432

)

1,300

74

-

(58

)

​

​

​

​

-

Net loss

(11,596

)

(3,542

)

(624

)

(7,985

)

(23,747

)

Interest expense including amortization of debt fees

8,565

939

25

3,421

12,950

Accretion and other expenses of Series A preferred units

-

2,034

-

-

2,034

Income tax expense (benefit)

-

6

-

-

6

Depreciation

1,024

1,007

198

97

2,326

Gain on asset disposal

-

-

(4

)

-

(4

)

Stock-based compensation expense

-

-

-

1,385

1,385

Other amortization

12

-

-

-

12

EBITDA

(1,995

)

444

(405

)

(3,082

)

(5,038

)

​

​

​

​

​

Capital expenditures

235

3,330

214

312

4,091

Total assets as of September 30, 2025

54,703

129,932

20,821

35,663

241,119

Allocation of corporate overhead expense to segments

2,945

3,313

368

(6,626

)

-

For the nine months ended September 30, 2026

California Ethanol

California Dairy Renewable Natural Gas

India Biodiesel

All Other

Total

​

​

​

​

​

Revenues

145,494

38,503

21,475

-

205,472

Gross profit

16,874

26,703

2,167

-

45,744

​

​

​

​

-

Net income (loss)

(15,032

)

14,471

255

(25,563

)

(25,869

)

Interest and debt amortization expense

27,237

3,354

287

11,709

42,587

Depreciation and amortization

3,241

3,652

554

214

7,661

Accretion and other expenses of Series A preferred units

-

4,338

-

-

4,338

Bad debt expense

72

-

-

329

401

Income tax expense (benefit)

-

10

(153

)

14

(129

)

Loss on sale/disposal of assets

-

20

88

-

108

Stock-based compensation expense

-

-

-

4,018

4,018

Stock issued for services

-

-

-

50

50

EBITDA

15,518

25,845

1,031

(9,229

)

33,165

​

​

​

​

​

Capital expenditures

17,107

17,383

130

687

35,307

Total assets as of September 30, 2026

85,387

148,547

23,268

54,793

311,995

Allocation of corporate overhead expense to segments

9,465

10,648

1,183

(21,296

)

-

For the nine months ended September 30, 2025

California Ethanol

California Dairy Renewable Natural Gas

India Biodiesel

All Other

Total

​

​

​

​

​

Revenues

115,762

9,490

29,067

-

154,319

Gross profit (loss)

(10,176

)

2,460

(777

)

-

(8,493

)

​

​

​

​

​

Net loss

(39,117

)

(5,313

)

(2,922

)

(24,319

)

(71,671

)

Interest expense including amortization of debt fees

25,027

2,826

772

10,348

38,973

Accretion and other expenses of Series A preferred units

-

6,345

-

-

6,345

Income tax expense (benefit)

1

(6,989

)

(329

)

11

(7,306

)

Depreciation

3,200

3,028

579

226

7,033

Gain on asset disposals

-

-

(4

)

-

(4

)

Stock-based compensation expense

-

-

-

4,976

4,976

Stock issued for services

-

-

-

150

150

Other amortization

35

-

-

-

35

EBITDA

(10,854

)

(103

)

(1,904

)

(8,608

)

(21,469

)

​

​

​

​

​

Capital expenditures

617

7,423

653

748

9,441

Total assets as of September 30, 2025

54,703

129,932

20,821

35,663

241,119

Allocation of corporate overhead expense to segments

7,574

11,028

1,911

(20,513

)

-