Greenway Technologies Inc. reported a net loss of $1,957,734 for the fiscal year ending December 31, 2025, an increase of 29.3% compared to a net loss of $1,513,568 in 2024. The company's total liabilities rose to $14,131,536, reflecting a working capital deficit of $14,084,783, which is an 8.3% increase from the previous year. The increase in losses was attributed to higher general and administrative expenses, including significant legal costs and research and development expenditures, which surged to $1,205,335 from $50,000 in the prior year. Despite these losses, the company reported a gain of $648,783 from a legal settlement, which partially offset the overall financial impact.
In terms of operational developments, Greenway Technologies has focused on advancing its proprietary gas-to-liquids (GTL) technology, particularly its G-Reformer unit, which converts natural gas into synthesis gas. The company has received several patents related to this technology, including the '594 Patent and '104 Patent, which enhance its capabilities in syngas generation. Greenway's strategy includes targeting the U.S. market for renewable GTL synthesized fuels, with plans to establish small-scale, mobile GTL plants that can operate in various gas field conditions. The company has also entered into a licensing agreement with the University of Texas at Arlington to further develop its technology.
As of December 31, 2025, Greenway Technologies had no revenues from consolidated operations, continuing its status as a development-stage company. The company has a limited employee base, with only four full-time staff members, and is actively seeking to raise additional capital to support its operations and technology commercialization efforts. The company’s cash position was notably low, with only $850 available, raising concerns about its ability to sustain operations without securing further funding.
Looking ahead, Greenway Technologies acknowledges the challenges it faces in achieving profitability and maintaining operations. The company is exploring various financing options, including public and private offerings, to address its working capital needs. Management remains optimistic about the potential of its GTL technology and is committed to implementing its business plan to generate revenues. However, the company has expressed that its ability to continue as a going concern is contingent upon successfully raising additional capital and achieving a profitable level of operations.
In summary, Greenway Technologies Inc. is navigating a challenging financial landscape while focusing on the development and commercialization of its innovative GTL technology. The company’s future success will depend on its ability to secure funding, manage operational costs, and effectively market its products in a competitive industry.
About GREENWAY TECHNOLOGIES INC
Greenway Technologies, Inc. develops proprietary gas-to-liquids (GTL) systems converting natural gas into cleaner fuels, chemicals, and hydrogen. Its patented G-Reformer enables scalable, portable GTL plants suitable for diverse gas sources, reducing flaring and dependency on foreign chemicals. Serving the energy, chemical, and environmental markets, the company focuses on innovative, small-scale solutions to monetize natural gas and produce high-value products domestically.
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