Gevo believes it has created substantial value from the solid science and deep learning that goes into developing a business system built on innovation and ideasENGLEWOOD, Colo., March 24, 2026 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO), a leader in sustainable fuels and carbon management, today highlights the strategic value of its intellectual property portfolio. The company references the significant potential growth opportunities created by its proprietary technology platform for synthetic aviation f ...

Core Insights - Gevo, Inc. reported approximately $5 million in revenue for the year ended December 31, 2025, from its specialty racing fuel blendstock, which caters to the growing demand for low-carbon advanced renewable fuels [1][3] Industry Trends - The 2026 racing season has seen a significant shift towards sustainable fuels, with Formula One using 100% advanced sustainable fuel, MotoGP aiming for 100% non-fossil fuel by 2027, and NASCAR incorporating zero-carbon bioethanol [2][3] - The rapid adoption of sustainable fuels in motorsports indicates a broader transition in global fuel markets towards lower-carbon solutions without sacrificing performance [3] Company Developments - Gevo's proprietary renewable fuel technology converts renewable feedstocks into high-octane hydrocarbon blendstocks, designed for high-performance engine applications [4] - The company is focused on developing drop-in fuel solutions that not only serve the motorsports sector but also support broader markets such as sustainable aviation fuel and low-carbon gasoline components [4] - Gevo operates an ethanol plant with an adjacent carbon capture and sequestration facility, and it is developing the world's first large-scale alcohol-to-jet facility at its North Dakota site [5]

The combined technology and expertise of Verity and CIBO are expected to connect farm-level data to fuel production, enabling auditable carbon intensity calculations and streamlined compliance with emerging clean fuel programs.ENGLEWOOD, Colo. and MINNEAPOLIS, March 17, 2026 (GLOBE NEWSWIRE) -- Verity Holdings, LLC (“Verity”), a wholly owned subsidiary of Gevo, Inc. (NASDAQ: GEVO), and CIBO Technologies, Inc. (“CIBO”), a leading data and analytics platform for agriculture, today announced a strategic partne ...

Core Insights - Gevo, Inc. reported strong financial results for Q4 and full-year 2025, with revenues of $45 million for the quarter and $161 million for the year, alongside a narrowed operational loss of $2.2 million and a positive adjusted EBITDA of $7.7 million for three consecutive quarters [1][4] Financial Performance - The company generated $20 million in positive operating cash flow in Q4 and ended the year with $117 million in cash and equivalents [1] - Gevo sold $52 million in production tax credits in 2025, receiving approximately $41 million in cash proceeds [4] Operational Highlights - The North Dakota facility produced a record 69 million gallons of low-carbon ethanol in 2025, a 3% increase from 67 million gallons in 2024 [3] - Management approved a capital plan to expand ethanol capacity to 75 million gallons per year, with projects expected to yield returns by early 2027 [3] Future Outlook - Gevo is targeting neutral-to-positive cash flow from operations for 2026 and aims for a run-rate non-GAAP adjusted EBITDA of about $40 million per year [4]

Financial Data and Key Metrics Changes - For the full year of 2025, the company reported revenue of $161 million, an increase of 849% compared to the previous year, with a loss from operations of $20 million, down by $71 million [17][18] - Non-GAAP Adjusted EBITDA for 2025 was $16 million, an increase of $74 million year-over-year, with Q4 2025 showing almost $8 million in Adjusted EBITDA [10][18] - Cash flow from operations turned positive in Q4 2025, generating $20 million, and cash equivalents increased to $117 million at year-end, a $9 million increase from Q3 [17][18] Business Line Data and Key Metrics Changes - Gevo North Dakota produced a record-setting low-carbon ethanol volume of approximately 69 million gallons in 2025, with a carbon capture of 173,000 metric tons [10][22] - The company plans to expand capacity at Gevo North Dakota to 75 million gallons per year and increase carbon sequestration to at least 200,000 metric tons annually [10][23] Market Data and Key Metrics Changes - The company reported that about 80% of carbon benefits were attached to ethanol sold into low-carbon fuel markets, with an inventory of approximately 30,000 tons of Carbon Dioxide Removal credits by the end of Q4 [12] - The customer base for CDR credits has expanded to include companies like PayPal and Bank of Montreal, indicating a growing market demand [12] Company Strategy and Development Direction - The company is focused on its Alcohol-to-Jet (ATJ) project, Project North Star, which aims to deliver $150 million in Adjusted EBITDA annually once constructed [13][14] - Gevo is pursuing a franchise model for deploying synthetic aviation fuel globally, leveraging its intellectual property and business system [14][15] - The company is also exploring acquisitions that are strategically aligned with its platform to further scale Adjusted EBITDA [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to achieve a target of approximately $40 million in annualized non-GAAP Adjusted EBITDA in 2026, with a focus on maintaining positive operating cash flow [18][21] - The management highlighted the importance of the carbon business and its potential for growth, emphasizing the need to monetize carbon effectively [78] Other Important Information - The company has a conditional commitment from the U.S. Department of Energy for a loan guarantee to finance the construction of the ATJ plant [16] - Management noted that the transition to new leadership will not disrupt the company's strategic direction, with Paul Bloom set to take over as CEO [5][8] Q&A Session Summary Question: Changes in CI calculations - Management confirmed that changes to the CI score are expected to reduce it by six to seven points, potentially generating an incremental $0.10 per gallon in 2026 [29] Question: ATJ project financing and FID - Management indicated that while the DOE extension is important, they are also working with other parties to secure financing for the ATJ project [31][34] Question: Path to $40 million in EBITDA - Management outlined that the trajectory to reach $40 million in EBITDA involves leveraging existing assets and carbon monetization strategies [41][43] Question: Potential acquisitions - Management is looking for similar assets to Gevo North Dakota that can benefit from their expertise and business model [44][46] Question: CDR pricing outlook - Management noted that pricing in the voluntary CDR markets typically ranges from $100 to $300 per ton, with competition increasing from low-carbon fuel markets [99]

Financial Data and Key Metrics Changes - For the full year of 2025, the company reported revenue of $161 million, a significant increase of 849% compared to the previous year, with a loss from operations of $20 million and non-GAAP Adjusted EBITDA of $16 million [17][18] - In Q4 2025, the company achieved positive cash flows from operations, generating $20 million during the period, and increased cash equivalents and restricted cash to $117 million at year-end, a $9 million increase from Q3 [17][18] - The company has recorded three consecutive quarters of positive non-GAAP Adjusted EBITDA, with nearly $8 million in Q4 [10][18] Business Line Data and Key Metrics Changes - Gevo North Dakota produced a record-setting low carbon ethanol volume of approximately 69 million gallons in 2025, while capturing 173,000 metric tons of carbon dioxide [10][22] - The company plans to expand capacity at Gevo North Dakota to 75 million gallons per year and increase carbon sequestration to at least 200,000 metric tons annually [10][23] Market Data and Key Metrics Changes - The company has built an inventory of roughly 30,000 tons of Carbon Dioxide Removal credits (CDRs) by the end of Q4 to meet future demand from spot and contract sales [12] - The customer base for CDR credits has expanded to include companies like PayPal and Bank of Montreal, indicating a growing market demand [12] Company Strategy and Development Direction - The company is focused on its Alcohol-to-Jet (ATJ) growth platform, with Project North Star anticipated to deliver $150 million in Adjusted EBITDA per year once constructed [13][14] - Gevo is pursuing a franchise model to deploy similar plants globally, leveraging its intellectual property and business system [14][15] - The company aims to reach Final Investment Decision (FID) on the ATJ project in 2026, with a conditional commitment from the U.S. Department of Energy for a loan guarantee [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to achieve an annualized non-GAAP Adjusted EBITDA of about $40 million and maintain neutral to positive operating cash flow in 2026 [18][21] - The management highlighted the importance of monetizing carbon credits and the potential for significant growth in the carbon market as a key opportunity for the company [78][79] Other Important Information - The company has successfully integrated the Red Trail Energy assets, which has transformed its operations and financial performance [9][10] - Management emphasized the importance of proven technologies and experienced engineering teams in the development of the ATJ-30 project, differentiating it from other industry projects [86][87] Q&A Session Summary Question: Changes in CI calculations and their impact - Management discussed the expected reduction in CI score by 6 to 7 points due to changes in guidance, which could generate an incremental $0.10 per gallon in 2026 [29] Question: Financing and FID for ATJ-30 - Management confirmed that while the DOE loan guarantee would accelerate the project, they are also exploring other financing options [50][51] Question: Path to $40 million in EBITDA - Management outlined that the trajectory to reach $40 million in EBITDA involves leveraging existing assets and carbon monetization strategies [41][43] Question: Potential acquisitions - Management indicated they are looking for similar assets to Gevo North Dakota that can be integrated into their business model [44][47] Question: Pricing in voluntary CDR markets - Management noted that pricing for voluntary CDRs typically ranges from $100 to $300 per ton, with the company positioned as a top supplier in the market [98][99]

Financial Data and Key Metrics Changes - For the full year of 2025, the company reported revenue of $161 million, an increase of 849% compared to the previous year, with a loss from operations of $20 million, down by $71 million [18][19] - Non-GAAP Adjusted EBITDA for 2025 was $16 million, an increase of $74 million year-over-year, with Q4 2025 showing nearly $8 million in Adjusted EBITDA [10][19] - The company turned positive on cash flows from operations in Q4, generating $20 million during the period, and increased cash equivalents and restricted cash to $117 million at year-end, a $9 million increase from Q3 [18][19] Business Line Data and Key Metrics Changes - Gevo North Dakota achieved a record-setting biofuel production of approximately 69 million gallons of ethanol in 2025, while capturing 173,000 metric tons of carbon dioxide [10][22] - The company plans to expand capacity at Gevo North Dakota to 75 million gallons per year and increase carbon sequestration to at least 200,000 metric tons annually [10][24] Market Data and Key Metrics Changes - The company reported that about 80% of carbon benefits remained attached to ethanol sold into low carbon fuel markets, with an inventory of roughly 30,000 tons of Carbon Dioxide Removal credits by the end of Q4 [12] - The customer base for CDR credits has expanded to include companies like PayPal and Bank of Montreal, indicating a growing market demand [12] Company Strategy and Development Direction - The company is focused on its Alcohol-to-Jet (ATJ) project, referred to as Project North Star, which aims to deliver $150 million in Adjusted EBITDA per year once constructed [13][14] - Gevo is pursuing a franchise model to deploy similar plants globally, leveraging its intellectual property and business system [14][16] - The company is also exploring partnerships for carbon management services and transportation of third-party carbon dioxide [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position and growth potential, highlighting the successful integration of Red Trail Energy assets and the positive cash flow achieved [5][10] - The outlook for 2026 includes a target of approximately $40 million in annualized non-GAAP Adjusted EBITDA and a neutral to positive operating cash flow [19][21] Other Important Information - The company has a conditional commitment from the U.S. Department of Energy for a loan guarantee to finance the construction of the ATJ plant [17] - Management emphasized the importance of proven technologies and experienced engineers in the development of the ATJ project, differentiating it from other industry projects [82][83] Q&A Session Questions and Answers Question: Changes in CI calculations and their impact - Management indicated that changes to the CI score would reduce it by 6 to 7 points, potentially generating an incremental $0.10 per gallon in 2026 [29][30] Question: Status of ATJ project financing and FID - Management confirmed ongoing discussions with the DOE for an extension and expressed optimism about securing financing for the ATJ project [31][34] Question: Path to $40 million in EBITDA - Management outlined that the trajectory is on track for approximately $10 million in Adjusted EBITDA per quarter, driven by existing assets and carbon monetization [41][43] Question: Potential acquisitions - Management is looking for similar assets to Gevo North Dakota that can leverage their expertise and business model [44][46] Question: Voluntary CDR market pricing outlook - Management noted that pricing in the voluntary CDR market typically ranges from $100 to $300 per ton, with competition increasing from low carbon fuel markets [98][99]

Fourth Quarter 2025 Earnings Presentation NASDAQ: GEVO Forward Looking Statement This communication contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the context of the statement and generally arise when the Company or its management is discussing its beliefs, estimates or expectations. ...

Acquisition and Expansion - Gevo acquired substantially all assets of Red Trail Energy for $210 million, funded by cash and a $105 million senior secured term loan[21]. - The acquisition includes an ethanol production plant capable of producing distillers grains and corn oil, enhancing Gevo's revenue stream and carbon capture capabilities[23]. - The RNG business achieved stable production levels in 2023, surpassing the annual production target of 310,000 million British thermal units (MMBtu)[32]. - The RNG business expansion in 2024 increased its expected annual output from 355,000 MMBtu to about 400,000 MMBtu[32]. - The company sold its Luverne Facility for $7.0 million, consisting of a $2 million cash payment and a $5 million note receivable[40]. Technology and Innovation - Gevo's ATJ-30 platform is designed to produce approximately 30 million gallons per year (MMGPY) of total hydrocarbon volumes, primarily sustainable aviation fuel (SAF)[24]. - The ATJ-60 platform is anticipated to produce around 65 MMGPY of total hydrocarbon volumes, including 60 MMGPY of SAF, but is currently on hold due to pipeline construction uncertainties[25]. - Gevo's intellectual property portfolio includes hundreds of patents related to its ATJ platforms, enhancing its competitive position in the market[20]. - The company has over 350 patents and proprietary processes, establishing a strong technology position in the renewable fuels market[56]. - The joint development agreement with LG Chem aims to develop bio-propylene using the company's Ethanol-to-Olefins technology, targeting carbon neutral or negative products[37]. - The Verity platform supports traceability and compliance reporting across the renewable fuels supply chain, enhancing operational efficiency[36]. Business Strategy and Development - Gevo's business model aims to generate carbon abatement value through various mechanisms, including certified carbon credits and federal tax credits under the Inflation Reduction Act[16]. - The company focuses on hard-to-decarbonize sectors, including jet fuel and specialty fuels, which are not conducive to full electrification[15]. - The company expects to continue engineering and development of the ATJ-30 platform through 2026, aiming to complete the front-end engineering design phase[24]. - Gevo's strategy includes pursuing project development and investing in capital assets to support growth in renewable fuels and chemicals[16]. - The company plans to prioritize existing industrial plant sites for decarbonization due to their favorable economics and predictable timelines[31]. - The company is evaluating several greenfield sites in the U.S. for potential ATJ projects, focusing on decarbonization opportunities[31]. Financial Performance and Risks - The company faces risks such as the need for substantial additional financing and potential fluctuations in feedstock prices, which could impact profitability[12]. - The company received a conditional commitment from the U.S. Department of Energy for a loan guarantee facility with a capacity of approximately $1.6 billion[28]. - The provisional carbon intensity score of the RNG business is approximately -339 gCO2e/MJ, expected to generate around 160,000 LCFS credits in 2025[35]. - The company is exposed to a credit risk due to the concentration of ethanol and RNG receivables with a limited number of significant customers, which could significantly impact operations[251]. - A hypothetical 10% decrease in the average realized price per RIN and LCFS credit would negatively affect operating profit by approximately $0.7 million and $0.9 million, respectively[249]. - The company received a $5.0 million note receivable from the sale of Agri-Energy, LLC, which is secured by a mortgage but poses credit risk if the issuer becomes insolvent[252]. - The company utilizes commodity derivative financial instruments to manage market risk related to corn purchases in its GevoND segment[244]. - Ethanol prices are sensitive to various factors, including corn prices, which are affected by weather conditions and government policies[245]. - The company has no foreign exchange risk but is exposed to interest rate risk due to fluctuations in U.S. interest rates[250]. - The company’s RNG and ethanol products are eligible for RINs under the RFS Program, which could change and impact product value[61]. Workforce and Safety - As of December 31, 2025, the company had a total of 151 employees in North America, with 46 in Project Development and 36 in Production[65]. - The company reported no reportable injuries and no lost time incidents during 2025, maintaining a strong safety record[66]. - The estimated total annual production volume for ethanol in 2025 is 67,642 gallons, with a potential operating income effect of $11,510 from a 10% price change[247].

Financial Performance - Gevo reported a revenue of $45 million for Q4 2025 and $161 million for the full year 2025, with a loss from operations of $2.2 million in Q4[2]. - Total revenues for 2025 reached $160,580,000, a significant increase from $16,915,000 in 2024, representing a growth of approximately 848%[16]. - The net loss attributed to Gevo, Inc. for 2025 was $33,836,000, compared to a net loss of $78,640,000 in 2024, indicating an improvement of approximately 57.0%[16]. - The company reported a basic and diluted net loss per share of $0.14 for 2025, down from $0.34 in 2024[16]. - For the year ended December 31, 2024, Gevo reported a consolidated loss from operations of $90.824 million[22]. - The Non-GAAP adjusted EBITDA loss for the consolidated entity was $57.793 million for the year ended December 31, 2024[22]. - Non-GAAP adjusted EBITDA for 2025 was a loss of $16,437,000, an improvement from a loss of $57,793,000 in 2024[21]. Cash Flow and Assets - The company achieved positive cash flow from operations of $20 million in Q4 2025 and aims for neutral to positive cash flow for 2026[2]. - Gevo's cash, cash equivalents, and restricted cash increased to $117 million at year-end, a $9 million increase from the previous quarter[2]. - Cash and cash equivalents at the end of 2025 were $116,939,000, a decrease from $259,033,000 at the end of 2024[20]. - Gevo's total assets increased to $718.9 million as of December 31, 2025, compared to $583.9 million at the end of 2024[15]. Production and Operations - Gevo produced a record low-carbon ethanol volume of 69 million gallons in 2025, a 3% increase from 67 million gallons in 2024[2]. - The company incurred $85,241,000 in cost of production in 2025, significantly higher than $12,002,000 in 2024[16]. - Research and development expenses decreased to $4,550,000 in 2025 from $5,576,000 in 2024, a reduction of about 18.4%[16]. - Gevo's total operating expenses included $25,323,000 in depreciation and amortization for 2025, compared to $18,298,000 in 2024, reflecting an increase of approximately 38.5%[16]. - Approximately 140,000 tons of carbon dioxide credits were monetized, with an inventory of about 30,000 tons of carbon dioxide removal credits built[2]. - The company generated production tax credits of $52,030,000 in 2025, which were not reported in 2024[20]. Acquisitions and Partnerships - The company successfully closed the acquisition of Red Trail Energy, now called Gevo North Dakota, on January 31, 2025[2]. - The company signed an agreement with Praj Industries to jointly develop isobutanol opportunities for diesel fuel in India[8]. Segment Performance - Gevo's GevoFuels segment reported a loss from operations of $5.411 million for the year ended December 31, 2024[22]. - GevoRNG segment reported a Non-GAAP adjusted EBITDA of $5.344 million for the three months ended December 31, 2024[22].