Financials

FINANCIAL RECAP

• Comparison of operations for the three months ended:
  • The $11.7MM increase in revenues was driven by two main factors: 1) ethanol revenues increased by 19% quarter over quarter, 2) corn oil revenues increased by 69% quarter over quarter.
  • Additionally, our overall production costs were down nearly 3% primarily due to lower corn costs. Combine the higher revenues noted above with lower production costs, this resulted in the $13MM increase in gross profit quarter over quarter.
• Comparison of operations for the nine months ended:
  • Year to date, crush margins are up 32% year over year. This is the result of steady to strong ethanol values, strong values for corn oil and a nearly 6% decrease in our cost of corn. Gross profits are up $14MM year over year.
  • As mentioned in the previous March 2026 newsletter, Siouxland recognizes an estimated fair market value of the clean fuel production credit (45Z) as a line item of other income. This additional income source, along with solid crush margins noted above, is driving the $38.6MM increase in net income year over year.
• As of June 30, 2026, working capital sits at nearly $64.5MM, an increase of $27.5MM since the beginning of the current fiscal year.
• One unit traded during the quarter ending June 30, 2026, for $42,500.