AleAnna, Inc. Reports $25M Revenue and $1.8M Net Income for Fiscal Year 2025

**AleAnna, Inc. Reports Financial Results for Fiscal Year 2025**

AleAnna, Inc., a natural gas resource developer focused on European energy supplies, reported its financial results for the fiscal year ended December 31, 2025. The company achieved total revenues of $25.0 million, a significant increase from the $1.4 million reported in the previous fiscal year. This revenue was primarily driven by $22.4 million in sales from the Conventional segment, which benefited from the commencement of production at the Longanesi field, and $2.7 million from the Renewable segment, derived from electricity sales at the Casalino and Campopiano renewable natural gas plants. The company reported net income attributable to Class A Common stockholders of $1.8 million, a substantial improvement compared to the net loss of $167.8 million in 2024.

Operating expenses for the year totaled $22.1 million, up from $16.0 million in the prior year. This increase was primarily due to a $5.2 million increase in the cost of revenues to $6.2 million, a $3.2 million in lease operating expenses, and a $3.4 million increase in general and administrative expenses to $9.7 million. Depreciation and depletion also increased significantly to $2.9 million, reflecting the commencement of production at the Longanesi field. The company also reported a $1.3 million income tax expense.

Key operational developments included achieving first production at the Longanesi field in March 2025, with a stabilized production rate of 25 to 30 million cubic feet per day. The company also progressed with its renewable natural gas business, having acquired three plant projects between March and July 2024. As of December 31, 2025, the company had proved natural gas reserves of 25.8 billion cubic feet, with a standardized measure of discounted future net cash flows of $87.7 million. The company also entered into a gas sales agreement with Shell Energy Europe Limited, making them the exclusive buyer of AleAnna's share of natural gas produced from the Longanesi field.

Looking ahead, AleAnna expects to continue developing its conventional natural gas projects, including the Gradizza and Trava fields, and to expand its renewable natural gas operations through strategic acquisitions. The company also plans to address material weaknesses identified in its internal control over financial reporting, which could impact its ability to accurately report financial results. The company believes that the cash currently on its balance sheet is sufficient, at a minimum, to cover general and administrative expenses and continue operating its revenue-producing assets through at least the end of the first quarter of 2027.