Safe & Green Holdings Corp. (now known as Olenox Industries Inc.) reported a significant decline in financial performance for the fiscal year ended December 31, 2025, with total revenue of $2.95 million, down 41% from $4.98 million in 2024. The decrease in revenue was primarily attributed to a restructuring process undertaken by the company. The construction services segment saw a particularly steep decline, with revenues falling by 54% to $2.29 million, while the oil and gas and technology segments both recorded 100% growth, albeit from a low base, generating $288,467 and $377,617, respectively.
The company reported an operating loss of $14.07 million for 2025, compared to a loss of $9.71 million in the previous year, marking a 45% increase in losses. This increase was largely due to rising overhead costs associated with public expenses, legal fees, and IT support. Despite these challenges, the company experienced a notable shift in other income, which rose to $4.75 million from a loss of $9.96 million in 2024, primarily due to the absence of significant negative changes in the fair value of equity-based investments that had impacted the previous year.
Strategically, Safe & Green has undergone several significant developments, including the acquisition of Giant Containers Inc. in December 2025, which is expected to enhance its modular construction capabilities. The company also executed a merger agreement with New Asia Holdings, Inc. in February 2025, aimed at bolstering its operational structure and financial position. However, the company faced operational challenges, including a Chapter 11 bankruptcy filing by its subsidiary SG Echo, which has raised concerns about its overall financial health and ability to continue as a going concern.
As of December 31, 2025, Olenox had cash and cash equivalents totaling $427,866, a slight increase from $375,873 in 2024. The company reported a net loss attributable to common stockholders of $18.82 million, down from $22.60 million in the previous year. The company’s stockholders’ equity improved to a deficit of $7.59 million from a deficit of $12.46 million in 2024, reflecting efforts to stabilize its financial position. Looking ahead, the company has indicated that it will need to secure additional financing to support its operations and growth initiatives, as ongoing cash flow challenges persist.
About SAFE & GREEN HOLDINGS CORP.
Safe & Green Holdings Corp. specializes in modular construction, offering environmentally sustainable building solutions using proprietary GreenSteel technology. Its core segments include construction, medical, real estate development, and waste management. The company designs and manufactures modular structures for residential, commercial, healthcare, and emergency use, serving government, private developers, and healthcare markets. It emphasizes quality, speed, and eco-friendliness, leveraging vertical integration and innovative certifications to maintain competitive advantages.
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.