Financial Performance - Western asset gross profit improved by $56 million from a loss of $(38) million in Q2 2024 to a profit of $18 million in Q2 2025[31] - Adjusted EBITDA improved by $57 million, from $(59) million to $(02) million comparing Q2 2024 to Q2 2025[32, 34] - The company's borrowing availability was $70 million as of June 30, 2025, including $5 million under the operating line and $65 million under the term loan facility[33] Regulatory and Market Opportunities - The 45Z credit is extended through the end of 2029, increasing the focus on domestic production[14] - National year-round E15 adoption could potentially increase U S ethanol demand by 50%, or 5-7 billion gallons annually[14] - California could see an increase of approximately 670 million gallons per year in ethanol demand when transitioning from E10 to E15, pending approval[14] Strategic Initiatives - The company is applying for 45Z credits for Alto Columbia and Alto Pekin Dry Mill, estimated to total approximately $18 million over the next two years[15] - The company is prioritizing projects to lower carbon intensity to capture more benefits from 45Z[7] - The company aims to increase CO2 utilization at the Pekin campus and at Columbia, building upon the successful Carbonic acquisition[7]

Financial Performance - Alto Ingredients reported a gross loss of $(1.8) million in Q1 2025, an improvement from $(2.4) million in Q1 2024[35] - Adjusted EBITDA improved by $2.7 million, from $(7.1) million in Q1 2024 to $(4.4) million in Q1 2025[35] - Net sales decreased from $240.629 million in Q1 2024 to $226.540 million in Q1 2025[50] - The company had $26.8 million in cash and cash equivalents as of March 31, 2025, compared to $35.5 million as of December 31, 2024[33] Strategic Initiatives - Alto Ingredients is targeting premium markets with high-quality products to improve profitability[7, 36] - The company is pursuing Carbon Capture and Storage (CCS) to reduce carbon emissions[7, 36] - Alto Ingredients acquired a beverage-grade liquid CO2 processor to optimize carbon usage[7, 13] - The company is exploring opportunities in sustainable aviation fuel (SAF), blue ethanol, and other renewable fuels[15] Market Opportunities - National year-round E15 adoption could potentially increase U S ethanol demand by 50%, or 5-7 billion gallons[20] - California could see an increase of approximately 670 million gallons per year in ethanol demand when transitioning from E10 to E15, pending approval[20]

Financial Performance - Alto Ingredients reported net sales of $236347 million for the three months ended December 31, 2024, compared to $273625 million for the same period in 2023[36] - The company's net loss for the three months ended December 31, 2024, was $(41712) million, compared to a net loss of $(18945) million for the same period in 2023[36] - Adjusted EBITDA for the three months ended December 31, 2024, was $(7658) million, compared to $3543 million for the same period in 2023[42] - For the year ended December 31, 2024, Alto Ingredients reported net sales of $965258 million, compared to $1222940 million in 2023[36] - The net loss for the year ended December 31, 2024, was $(58984) million, compared to a net loss of $(28005) million in 2023[36] - Adjusted EBITDA for the year ended December 31, 2024, was $(8531) million, compared to $20766 million in 2023[42] Strategic Initiatives - Alto Ingredients is targeting premium markets with high-quality products [6, 23] - The company is supporting the reduction in carbon emissions by pursuing Carbon Capture and Storage (CCS) [6, 23] - Alto Ingredients is optimizing its asset base and executing efficiency initiatives [6, 23] - The company acquired a beverage-grade liquid CO2 processor for $725 million plus working capital [14]