AleAnna, Inc. reported its financial results for the second quarter of 2025, revealing a significant increase in revenue and a shift towards profitability compared to the previous fiscal period. The company generated $4.03 million in revenue for the three months ended June 30, 2025, a notable increase from zero revenue in the same period last year. For the six months ended June 30, 2025, total revenue reached $4.68 million, again up from zero in the prior year. The company achieved an operating income of $583,303 for the second quarter, a substantial turnaround from an operating loss of $991,261 in the same quarter of 2024.
The financial performance reflects the commencement of production at AleAnna's Longanesi field, which began generating revenue in March 2025. The company reported approximately $3.3 million in revenue from natural gas sales during the second quarter, contributing significantly to its overall revenue. Additionally, AleAnna's renewable natural gas operations, which include electricity sales from two plants, generated $714,622 in revenue during the same period. The company’s total assets increased to $89.85 million as of June 30, 2025, up from $83.09 million at the end of 2024, driven by growth in both current and non-current assets.
Operationally, AleAnna has made strides in expanding its production capabilities. The company reported a stabilized production rate of approximately 28 million cubic feet per day from the Longanesi field, exceeding initial expectations. The company also completed strategic acquisitions of renewable natural gas assets in Italy, which are expected to enhance its production capacity in the future. As of June 30, 2025, AleAnna had 40,659,881 shares of Class A common stock and 25,994,400 shares of Class C common stock outstanding.
Despite the positive financial results, AleAnna continues to face challenges, including a significant accumulated deficit of $192.7 million as of June 30, 2025. The company has indicated that it expects to incur substantial expenses related to ongoing operations and development activities. Looking ahead, AleAnna aims to achieve sustained profitability in the second half of 2025, supported by its production from the Longanesi field and ongoing efforts to expand its renewable natural gas operations. The company is also exploring various financing options to support its growth initiatives and operational needs.
About AleAnna, Inc.
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