Gevo, Inc. announced on August 11, 2025, that it achieved positive net income for the second quarter of 2025 and positive Adjusted EBITDA for both the second quarter and the six months ended June 30, 2025. This marks a landmark financial milestone for the company.
Net Income Attributable to Gevo grew by $20 million, and Adjusted EBITDA grew by $32 million during the six months ended June 30, 2025, compared to the same period last year. Operating revenue for the second quarter increased by $38.2 million compared to Q2 2024, primarily due to $37.2 million from Gevo North Dakota and $0.9 million from isooctane sales.
The company's cost of production was positively impacted by a $20.8 million Clean Fuel Production Credit (45Z tax credit) booked, net of transaction costs. Gevo also disclosed an initial sale of $22 million of these generated 45Z credits to a bank, with a right of first offer for substantially all remaining 2025 credits.
Further strengthening its financial position, Gevo closed on a refinancing related to GevoRNG in July, releasing approximately $30 million of restricted cash. Additionally, the company entered into a definitive agreement in May to sell its Agri-Energy, LLC subsidiary (Luverne facility) for $7 million, expected to close by the end of 2025.
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