Alto Ingredients, Inc. reported a net loss of $10.997 million for the second quarter of 2025, a significant increase from the $3.106 million loss recorded in the same period of 2024. For the first half of 2025, the company’s net loss reached $22.676 million, compared to a loss of $14.831 million in the prior year. The company’s revenue for the second quarter was $218.436 million, down 7.6% from $236.468 million in the same quarter of 2024. For the six months ending June 30, 2025, total revenue was $444.976 million, a decrease of 6.7% from $477.097 million in the first half of 2024.
The decline in revenue was attributed to lower average sales prices for both specialty alcohol and renewable fuel, as well as reduced sales volumes due to the cold-idling of the Magic Valley plant and logistical challenges at the Pekin Campus caused by damage to a loading dock. The company’s gross profit turned negative, with a loss of $1.937 million for the second quarter of 2025, compared to a profit of $7.553 million in the same quarter of 2024. The gross loss for the first half of 2025 was $3.744 million, down from a profit of $5.153 million in the previous year.
In terms of operational developments, Alto Ingredients completed the acquisition of Kodiak Carbonic, LLC, a beverage-grade liquid CO2 processor, for $7.6 million on January 1, 2025. This acquisition is expected to enhance the company’s vertical integration and access to new markets. The company also reported improvements in its Western production segment, which saw a gross profit increase of $5.6 million compared to the prior year, driven by the CO2 facility acquisition and operational improvements at the Columbia ethanol plant.
Alto Ingredients' total assets decreased to $393.065 million as of June 30, 2025, down from $401.438 million at the end of 2024. Current liabilities also saw a significant reduction, dropping by 26.5% to $42.513 million, while long-term debt increased by 27.4% to $118.323 million. The company’s working capital improved to $107.212 million, reflecting a 12.5% increase from the previous period. Looking ahead, Alto Ingredients aims to enhance operational efficiency and profitability through various initiatives, including potential improvements to its carbon capture and storage projects and expanding its market presence in renewable fuels.
About Alto Ingredients, Inc.
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