Financials

FINANCIAL RECAP

• Comparison of operations for the three months ended:
  • Total revenues were down in Q1 of FY2025 when compared to Q1 of FY2024 due to decreased average prices for our products. Ethanol values were down by nearly 13.0% and co-product values were down approximately 25%.
  • Our cost of production, related to our primary expenses corn and natural gas, were also lower. The average cost of corn and natural gas were approximately 19% and 35% lower respectively, quarter over quarter.
  • The above combination of reduced revenues and lower production costs resulted in the nearly 28% reduction in gross profit quarter over quarter.
• Working capital decreased nearly $12.3MM since 9/30/2024, mainly the result of the $5,300/unit distribution, totaling $18.153MM, that was issued to the owners in October 2024. Financial stability remains strong with working capital nearly $31.0MM and members’ equity above $100.0MM
• No units traded during the quarter ending 12/31/2024.

Member K-1s for FY24 (remember these are on 2023 tax forms) were mailed out early January 2025. Please contact Siouxland Ethanol’s office if you have not received your K-1 tax forms.

Please be sure to keep Siouxland Ethanol updated on your contact information. This helps ensure you receive your distribution check, tax & other pertinent information timely. Thank you!