Houston American Energy (US:HUSA) Globenewswire·2025-11-10 13:30Core Viewpoint - Houston American Energy Corp. announced preliminary, unaudited financial results for Q3 2025, highlighting significant operational changes and financial metrics following its acquisition of Abundia Global Impact Group [1][2][3] Financial Performance - Total operating expenses for Q3 2025 are expected to be approximately $3.8 million, an increase of $2.7 million compared to Q2 2025, attributed to the costs associated with the acquisition and integration efforts [5] - Preliminary cash and cash equivalents as of September 30, 2025, are expected to be approximately $1.5 million [5] - Preliminary goodwill as of September 30, 2025, is expected to be approximately $13.0 million [5] - Preliminary land asset as of September 30, 2025, is expected to be approximately $8.6 million [5] - Preliminary debt as of September 30, 2025, is expected to be approximately $11.0 million [5] Strategic Initiatives - The company completed the acquisition of a 25-acre site in Cedar Port, Baytown, TX, to support its growth strategy [5] - Nexus PMG has been appointed as the Engineering and Service Provider to assist in the development of the AGIG Plastics Recycling Facility and Innovation Hub [5] - The company has broken ground on the AGIG Innovation Hub and R&D Center at Cedar Port [5] - A binding term sheet has been executed with BTG Bioliquids B.V. for further development of biomass to liquid fuels and sustainable aviation fuel [5] - A new Board of Directors has been established following the acquisition of AGIG, integrating experienced industry and financial leaders to support the transition into low-carbon fuels and chemicals [5]