Clean Energy Technologies Reports Revenue Decline but Improved Gross Profit for First Half of 2025

Clean Energy Technologies, Inc. (CETY) reported its financial results for the six months ending June 30, 2025, revealing a total revenue of $1,028,215, a significant decrease from $1,709,151 in the same period of 2024. The decline in revenue was primarily attributed to reduced contributions from the company's natural gas business in China, which fell to $7,130 from $1,219,629 year-over-year. However, the company experienced an increase in gross profit, which rose to $952,210 compared to $429,035 in the prior year, driven by improved margins from its Heat Recovery Solutions segment.

CETY's operating expenses also decreased to $1,783,145 from $2,221,990 in the previous year, largely due to lower salary costs and reduced general and administrative expenses. The company reported a net loss of $1,420,021 for the first half of 2025, an improvement from a loss of $2,251,278 in the same period of 2024. This reduction in losses was attributed to cost-cutting measures and higher-margin revenue from its U.S.-based operations.

In terms of strategic developments, CETY has focused on diversifying its business model by establishing four distinct segments: Clean Energy HRS, Waste-to-Energy, Engineering and Manufacturing, and CETY HK for natural gas trading. The company has also made significant investments in its Heat Recovery Solutions segment, which is expected to yield higher revenues and margins in the latter half of the year. CETY's pilot Waste-to-Energy facility in Vermont is pending final approval, which could further enhance its operational capabilities.

Operationally, CETY reported an increase in its stockholder equity to $7,755,688 as of June 30, 2025, compared to $2,938,502 at the end of 2024. The company has also seen a rise in cash and cash equivalents, ending the period with $4,408,887, up from $387,943 a year earlier. The increase in cash flow was primarily due to financing activities, which provided $5,903,311, compared to $1,828,380 in the same period of 2024.

Looking ahead, CETY anticipates stronger revenue contributions from its Waste-to-Energy and Heat Recovery segments, supported by a global push for renewable energy solutions. The company aims to continue executing its corporate strategy to achieve sustained and profitable growth through integrated solutions and technologies, while also exploring synergistic acquisition opportunities. However, the company acknowledges substantial doubt about its ability to continue as a going concern, emphasizing the need for sufficient capital to support its operations and growth initiatives.