{"id":67515,"date":"2025-05-08T00:02:34","date_gmt":"2025-05-08T00:02:34","guid":{"rendered":"https:\/\/english.saigonbiz.com.vn\/2025\/05\/08\/alto-ingredients-inc-reports-first-quarter-2025-results\/"},"modified":"2025-05-08T00:02:34","modified_gmt":"2025-05-08T00:02:34","slug":"alto-ingredients-inc-reports-first-quarter-2025-results","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/","title":{"rendered":"Alto Ingredients, Inc. Reports First Quarter 2025 Results"},"content":{"rendered":"<div>\n<p align=\"center\"><em><strong> &#8211; Beverage-grade Liquid CO2 Processor Acquisition and Corporate Reorganization\u00a0<\/strong><\/em><em><strong>Deliver Improved Year-over-Year Gross Margin and Adjusted EBITDA &#8211; <\/strong><\/em><\/p>\n<p align=\"justify\">PEKIN, Ill., May  07, 2025  (GLOBE NEWSWIRE) &#8212; <strong>Alto Ingredients, Inc. (NASDAQ: ALTO)<\/strong>, a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, reported its financial results for the quarter ended March 31, 2025.<\/p>\n<p align=\"justify\">Bryon McGregor, President and Chief Executive Officer of Alto Ingredients said, \u201cDuring the first quarter of 2025, gross margin and Adjusted EBITDA improved year-over-year, reflecting our operational uptime and carbon optimization initiative driven by our recent acquisition. Owning Alto Carbonic, the carbon dioxide processing plant adjacent to our Columbia facility, lowered combined costs, improved operations coordination and increased productivity across the facilities. The rightsizing of our company to align with our current footprint is on track to save approximately $8 million annually beginning in the second quarter of 2025, and the reorganization is yielding additional efficiencies.<\/p>\n<p align=\"justify\">\u201cShifting production to ISCC renewable fuel for delivery into European markets, which is experiencing solid demand at a premium to fuel-grade ethanol, demonstrates Pekin\u2019s flexibility to capitalize on trends. As a result, we grew ISCC sales as a percentage of our total renewable fuel volume sold at our Pekin Campus during the first quarter and partially offset the domestic industry softening of premiums on high quality alcohol and essential ingredients. We are monitoring a few positive movements, such as the growing state, and potentially national, year round adoption of E15 as well as opportunities under the Illinois Clean Transportation Standard Act (SB41). Our team is proactively evaluating alternatives for new revenue streams to leverage our flexible and unique facilities, and to drive long-term sustainable shareholder value.\u201d<\/p>\n<p align=\"justify\"><strong>Financial Results for the Three Months Ended March 31, 2025 Compared to 2024 <\/strong><\/p>\n<ul>\n<li>Net sales were $226.5 million, compared to $240.6 million.<\/li>\n<li>Cost of goods sold was $228.3 million, compared to $243.0 million.<\/li>\n<li>Gross loss was $1.8 million, compared to a gross loss of $2.4 million. Net realized gains on derivatives were negligible for both quarters.<\/li>\n<li>Selling, general and administrative expenses were $7.2 million, compared to $7.9 million.<\/li>\n<li>Interest expense was $2.7 million, compared to $1.6 million.<\/li>\n<li>Net loss attributable to common stockholders was $12.0 million, or $0.16 per share, compared to $12.0 million, or $0.17 per share.<\/li>\n<li>Adjusted EBITDA was negative $4.4 million, including $1.6 million in unrealized gains on derivatives, compared to negative $7.1 million, including $3.2 million in unrealized gains on derivatives.<\/li>\n<\/ul>\n<p align=\"left\">Cash and cash equivalents were $26.8 million at March 31, 2025, compared to $35.5 million at December 31, 2024. At March 31, 2025, the company\u2019s borrowing availability was $76.7 million including $11.7 million under the company\u2019s operating line of credit and $65.0 million under its term loan facility, subject to certain conditions.<\/p>\n<p align=\"left\"><strong>First Quarter 2025 Results Conference Call<\/strong><br \/>Management will host a conference call at 2:00 p.m. Pacific Time \/ 5:00 p.m. Eastern Time on Wednesday, May 7, 2025, and will deliver prepared remarks via webcast followed by a question-and-answer session.<\/p>\n<p align=\"justify\">The webcast for the conference call can be accessed from Alto Ingredients\u2019 website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=k18rqzM1H3xKlg-cyPDrMCUZuTHwCcJFjX8FeWjyaIxnaxsVPdwwodW4wVUp8hDUW8N607mnbsLubcKeA_gX-aWjkZ3QLQ5d55tL_ssnxr0=\" rel=\"nofollow\" target=\"_blank\" title=\"www.altoingredients.com\">www.altoingredients.com<\/a>. Alternatively, to receive a number and unique PIN by email, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jTbZB4_2lERdFk-HGkS1cmJ0esO8o2ycxi9wW9LUrgj6Ev2V2MEvMPQImoCELtS1PerEu1T2707oqOa9Dg_ObaP7r1Vt8PEb0DXb1vQPFCiYuqQiyJjrCxsNvJcdmFVj\" rel=\"nofollow\" target=\"_blank\" title=\"register here\">register here<\/a>. To dial directly up to twenty minutes prior to the scheduled call time, please dial (833) 630-0017 domestically and (412) 317-1806 internationally. The webcast will be archived for replay on the Alto Ingredients website for one year. In addition, a telephonic replay will be available at 8:00 p.m. Eastern Time on Wednesday, May 7, 2025, through 8:00 p.m. Eastern Time on Wednesday, May 14, 2025. To access the replay, please dial (877) 344-7529. International callers should dial 00-1 412-317-0088. The pass code will be 8723820.<\/p>\n<p align=\"justify\"><strong>Use of Non-GAAP Measures<\/strong><br \/>Management believes that certain financial measures not in accordance with generally accepted accounting principles (&#8220;GAAP&#8221;) are useful measures of operations. The company defines Adjusted EBITDA as unaudited consolidated net income (loss) before interest expense, interest income, provision for income taxes, asset impairments, unrealized derivative gains and losses, acquisition-related expense and depreciation and amortization expense. A table is provided at the end of this release that provides a reconciliation of Adjusted EBITDA to its most directly comparable GAAP measure, net income (loss). Management provides this non-GAAP measure so that investors will have the same financial information that management uses, which may assist investors in properly assessing the company&#8217;s performance on a period-over-period basis. Adjusted EBITDA is not a measure of financial performance under GAAP and should not be considered as an alternative to net income (loss) or any other measure of performance under GAAP, or to cash flows from operating, investing or financing activities as an indicator of cash flows or as a measure of liquidity. Adjusted EBITDA has limitations as an analytical tool, and you should not consider this measure in isolation or as a substitute for analysis of the company&#8217;s results as reported under GAAP.<\/p>\n<p align=\"left\"><strong>About Alto Ingredients, Inc.<\/strong><br \/>Alto Ingredients, Inc. (NASDAQ: ALTO) is a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients. Leveraging the unique qualities of its facilities, the company serves customers in a wide range of consumer and commercial products in the Health, Home &amp; Beauty; Food &amp; Beverage; Industry &amp; Agriculture; Essential Ingredients; and Renewable Fuels markets. For more information, please visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=k18rqzM1H3xKlg-cyPDrMCUZuTHwCcJFjX8FeWjyaIwAR463v_ShHD5qM1XTfcMqxCS_xaY_FGXH_zLeX3zzLxqujvG-jqDVsSLWga6-8SUFNoMJ4C09ypPA1zlFNAu4s-2-UIWGPKYerCUUwB04_KNZnmaZrNXwBQG8LWugwZCk_7Ydr6AtDDnQUTsZJiinXMb0acyV1JdaCuGpwGmHEZuv3_a571ezDY3aE_9_qzDzZdOW4MmjOln7VEbpYoUIrUAOKQTQhG3iDsraNyxeztiiw-edrkMsxhs_bCzl9nikfDu8dOTZ1qZkF4CEV7ovRxDTnKGba69FWIRHMmRjzAgfNXzf4LnhI5Bh79AhEy0RNa0JpM5fS7DkWDfIwIcXFcrtpXoCLG0_xEqx9jPjnmSfg-0XLZlpAImd-Pwbls8lRLNA8VHZVQmbykSAKh_Rx-d6KLLf9jsso6KyXkbiZHwweibGAgPSdrkuK21snby0bAvWayrMzo_GPsDiudbzJU5wuFuhhSy_xMnDPc20goVNPCR6tn4cVX-9p0qRo05cwELNbb_PzthebHS7ZuySwkSlLwTtUInjO6Ltw8lVYaWB1rbzKiMl0Q5aQaFccm5lnQmSx46BDxCOLTjBebum5j-Pxz35gWF9y2ukfVyWsM0xK8O8CgbsO_1cL-WGBa2K1euCAxW3wU3zFRzNb8zZyWWcEjZ_9j2Cmpba-VmTLhRKx6kf7gPTXlJAfJE51JdkOCb3uveaokxHj3zLSJKkJsPx4s-PWNwPh8uOIKNbQxH_lWpuLWMiDXETi8G_sspW5MVBeB6MSzpgArcApzFGM-PuCQWwzEFGAhEFEidIV59HbM6YsXR5_takjW3giYs00oV_Y64u7viNV3IG5h6N9A7VwCziqkzEH6duCfaa1CJKyznAyymEglG86BrYvyGkBfMpseNuikzVSFQGFbaAMq1ZrLGB0xjF56fRdDeE3rtogrG6FucT2mQg6HjQQTjs6MEJX2RtnYoZAGefZiokvxaiio-vWPOQQ6QCvs0bkdWwLH7-Knm9dVBmh7vS1VeeWJnxlRJJKOSLY0bXdceWv6f7nsQnUGD78ThJ0Wg_051_6dLiNdawuawhWziOiYTRVlNEzGRtLLoV83kGpbyGTfam5FcwXvZRbXdKRe2vw5Czb-PSn8OcnO67xTdERj6wpl8Eg8-gpbSLnsuURQ-k_ObBcGzYOzYc5-mWi2vKlFgtxHac0KKDyxJe4hV4qagp5fW2GKfPBwsT4FT1kP5OlGWM7pDtVVIIoprfavFo7ffsxBWO3esmQ2i93JGvvvHdsFaJ-g3C5AWO8kI5kmJ10vBKo-g-XHcCgRMv4sQLsE32IH3xX3XdNx3DgsEV_rH-GVcf8Z1p2FEBjPKfQiS7T7RogJA9AUvGfqZpnhAIjCwuxC6kNYEg6oSFQxeynm4GBBwUcCCj7ZvQuNI7OrNVqHXQrcHt-688A2z_UNSW-S93NyVhJpA7NNvs5YtgfiI6F3dQP3zssH8MpJEazwm2bXfFavLVl3ZuWC6ZC0xq1XVuYXqDnt5OyzfmkGdgyxEe3afuAZZqf-fiQfvOWUkTNKCd9PI0KseI-ePkEfZJUhD2UmdOi0x_4Ynn_cG9Y4aNNa17tjCWrYIwrpKKGopX6TXqhx2shP_QicNz9noyDU7-4GM1XQLNvdwrDIQmnYMxTVwUBjJOM1J3gMtyazcsTL6wQhZh2cYZ8w9h17IvpRZPAGhkE160foUWaTzs--D4KNdSIYS-5li_zxHAfGM6YiYYCZ1ok122p6Ur6RpC3W9HCCr3myFZhRa0uPHvhxZVAR6WHLKEs4-9nlWEs0ov_ezWWUKnkUhTa1mHz48WMvQ9kcuDisGSqcPHDCl_Vkyhpbi_SzAzhSPXWwa2YZZ9Tymfwkg2i0SF6lk0XDZSf1KBdtaXf_nqqV8k3ion3mopTNNFSPFV5cw5SP5wFaPhckMx_8uzT6lERLmb55rWbYrXOxIHz2YccvNrLs7F90HRVkkkpwchg2wZyFng5w6h7gHTQd55c6znaKnIwcXlmlyaBzfHYKKoVy8upXq9lNXmrNDAms83ohPXYkaT7FqCn6l_4yvulF3u2ldIleAOVk_f1yN2IvgdVCVvZNn0WLBJdZCCAkwZv7_qSxgJNQaRzwnuNylAWEpiHgSh0Lh8N0qWBAZ-8t-gj0YrhQjZZLSsk3e3fffnQvLAiT6z0GLbpyrs9VtxwzwQqFy3Ra0yNOGQG6VheucL6flmMzOIcgeXp0ckwri55WlAi81-Cfi1fdlBIs2bjQKPkzB5WmKSB8quwEvg48caQe0cx3lQ3f4zCUBe3zUrq-a04aS6uXqL7vbjHj3UeuyY8cWp7hefDaeu3gUQuNpiqYPcPWSWY6YWTwZDanga_pWpNnWQFvyX8bj6xndDyb0PcFX0uBC21iDwgdy1AumiL5ztB7fsYu0=\" rel=\"nofollow\" target=\"_blank\" title=\"www.altoingredients.com\">www.altoingredients.com<\/a>.<\/p>\n<p align=\"justify\"><strong><u>Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 <\/u><\/strong><br \/>Statements and information contained in this communication that refer to or include Alto Ingredients\u2019 estimated or anticipated future results or other non-historical expressions of fact are forward-looking statements that reflect Alto Ingredients\u2019 current perspective of existing trends and information as of the date of the communication. Forward-looking statements generally will be accompanied by words such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201cplan,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cforecast,\u201d \u201coutlook,\u201d \u201cguidance,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cwill,\u201d \u201cpossible,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d or other similar words, phrases or expressions. Such forward-looking statements include, but are not limited to, statements concerning Alto Ingredients\u2019 projected outlook and future performance, including the timing and effects of its business rationalization, right-sizing and other cost savings initiatives; expectations around the growing state, and potentially national, adoption of E15 and opportunities under new legislation, including the Illinois Clean Transportation Standard Act; and Alto Ingredients\u2019 other plans, objectives, expectations and intentions. It is important to note that Alto Ingredients\u2019 plans, objectives, expectations and intentions are not predictions of actual performance. Actual results may differ materially from Alto Ingredients\u2019 current expectations depending upon a number of factors affecting Alto Ingredients\u2019 business and plans. These factors include, among others adverse economic and market conditions, including for renewable fuels, specialty alcohols and essential ingredients; export conditions and international demand for the company\u2019s products; fluctuations in the price of and demand for oil and gasoline; raw material costs, including production input costs, such as corn and natural gas; adverse impacts of inflation and supply chain constraints, including from tariffs; Alto Ingredients\u2019 ability to timely and fully realize the results of its cost saving initiatives; regulatory developments and Alto Ingredients\u2019 ability to successfully pursue and secure opportunities under existing and new legislation. These factors also include, among others, the inherent uncertainty associated with financial and other projections; the anticipated size of the markets and continued demand for Alto Ingredients\u2019 products; the impact of competitive products and pricing; the risks and uncertainties normally incident to the alcohol production, marketing and distribution industries; changes in generally accepted accounting principles; successful compliance with governmental regulations applicable to Alto Ingredients\u2019 facilities, products and\/or businesses; changes in laws, regulations and governmental policies; the loss of key senior management or staff; and other events, factors and risks previously and from time to time disclosed in Alto Ingredients\u2019 filings with the Securities and Exchange Commission including, specifically, those factors set forth in the \u201cRisk Factors\u201d section contained in Alto Ingredients\u2019 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 13, 2025.<\/p>\n<p align=\"justify\"><strong>Company IR and Media Contact:<\/strong><br \/>Michael Kramer, Alto Ingredients, Inc., 916-403-2755<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ouNYfmMriVdUglqyuSrHlIXHPopkfgu4XHXxpeZNy-zd8vB9ZjD6-C7GS6xiSNkvPrsYu4SaDHS7JcGDusZ0DuKz2omCINxTUQ5vXzlXyeycMAbVGhsn467_tlI-Y40SmrmvJbwH2PgNo8uw4TK1Ixc82qS_CkTKCQZQaes-SN-8ugd_uF1EhsnlOFiIMme_lG8_E4cpDE_-2D842aNExQO3uA65V-PXbv4FK3ERbm3FmwDlUllxb62Hw8A2gDEa9ADpASnT8eALRmEMPK0xnf1ouw6fCSMDMgrOX_xg_7i3zYYBwGXYi_OHl-ZaSDRh6MH-_iYEIC_9vTUWAyR9GvYc2bGzlvkiWCTF9wFdJBk=\" rel=\"nofollow\" target=\"_blank\" title=\"Investorrelations@altoingredients.com\">Investorrelations@altoingredients.com<\/a><\/p>\n<p align=\"justify\"><strong>IR Agency Contact: <\/strong><br \/>Kirsten Chapman, Alliance Advisors Investor Relations, 415-433-3777<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jKLr9knIMGLkRbPY7lGH_wObYs87axfG0tiC1dPf4juGE0Hy2PfgBCXpNhotiodd4x2eCoBb2YH6AplLB4ScVWWGN0t9n6SQOplH96is1zv_-StRNRwaXa_SZYZsWU0J4QvMQm3ILkppNHfOwOm4GQ==\" rel=\"nofollow\" target=\"_blank\" title=\"altoinvestor@allianceadvisors.com\">altoinvestor@allianceadvisors.com<\/a><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"7\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>ALTO INGREDIENTS, INC. <\/strong><br \/><strong>CONSOLIDATED STATEMENTS OF OPERATIONS<\/strong><br \/><strong>(unaudited, in thousands, except per share data)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"7\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"7\" style=\"text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">Three Months Ended<br \/>March 31,<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:73%; width:73%; min-width:73%;;text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:11%; width:11%; min-width:11%;;padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">2025<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-right: 0 ; text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:11%; width:11%; min-width:11%;;padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">2024<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net sales<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">226,540<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">240,629<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Cost of goods sold<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">228,347<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">243,029<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Gross loss<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(1,807<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(2,400<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Selling, general and administrative expenses<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">(7,190<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">(7,932<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Loss from operations<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(8,997<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(10,332<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Interest expense, net<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(2,729<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(1,634<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Other income, net<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">47<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">241<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Loss before provision for income taxes<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(11,679<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(11,725<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Provision for income taxes<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u2014<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u2014<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net loss<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; border-bottom: double black 3pt ; vertical-align: bottom ; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">(11,679<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">(11,725<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Preferred stock dividends<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; border-bottom: double black 3pt ; vertical-align: bottom ; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">(312<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">(315<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net loss attributable to common stockholders<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; border-bottom: double black 3pt ; vertical-align: bottom ; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">(11,991<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">(12,040<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net loss per share, basic and diluted<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; border-bottom: double black 3pt ; vertical-align: bottom ; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">(0.16<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">(0.17<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Weighted-average shares outstanding, basic and diluted<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">73,836<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">72,766<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"center\"><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td colspan=\"10\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"10\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>ALTO INGREDIENTS, INC.<\/strong><br \/><strong>CONSOLIDATED BALANCE SHEETS<\/strong><br \/><strong>(unaudited, in thousands, except par value)<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"10\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"max-width:63%; width:63%; min-width:63%;;text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong><u>ASSETS<\/u><\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:16%; width:16%; min-width:16%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \">March 31, 2025<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;text-align: center ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"max-width:1%; width:1%; min-width:1%;;text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:16%; width:16%; min-width:16%;;border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \">December 31, 2024<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Current Assets:<\/strong><\/td>\n<td colspan=\"4\" style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">Cash and cash equivalents<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">26,778<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">35,469<\/td>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Restricted cash<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">393<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">742<\/td>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Accounts receivable, net<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">65,461<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">58,217<\/td>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">Inventories<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">50,609<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">49,914<\/td>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">Derivative instruments<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4,071<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">3,313<\/td>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">Other current assets<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">6,149<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">5,463<\/td>\n<td style=\"text-align: justify ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 30.0px; text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">Total current assets<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">153,461<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">153,118<\/td>\n<td style=\"text-align: justify ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">Property and equipment, net<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">212,624<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">214,742<\/td>\n<td style=\"text-align: justify ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Other Assets:<\/strong><\/td>\n<td colspan=\"4\" style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">Right of use operating lease assets, net<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">19,416<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">20,553<\/td>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">Intangible assets, net<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">8,142<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4,509<\/td>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">Other assets<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">8,566<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">8,516<\/td>\n<td style=\"text-align: justify ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 30.0px; text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">Total other assets<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">36,124<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">33,578<\/td>\n<td style=\"text-align: justify ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Total Assets<\/strong><\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">$<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">402,209<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">401,438<\/td>\n<td style=\"text-align: justify ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"center\"><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td colspan=\"19\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"19\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>ALTO INGREDIENTS, INC. <\/strong><br \/><strong>CONSOLIDATED BALANCE SHEETS (CONTINUED)<\/strong><br \/><strong>(unaudited, in thousands, except par value)<\/strong><strong><br \/><\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"19\" style=\"text-align: center ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"max-width:63%; width:63%; min-width:63%;;text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong><u>LIABILITIES AND STOCKHOLDERS\u2019 EQUITY<\/u><\/strong><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"max-width:16%; width:16%; min-width:16%;;text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">March 31, 2025<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;text-align: center ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"max-width:1%; width:1%; min-width:1%;;text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:16%; width:16%; min-width:16%;;text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">December 31, 2024<\/td>\n<td colspan=\"4\" style=\"max-width:1%; width:1%; min-width:1%;;text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: bottom ; \"><strong>Current Liabilities:<\/strong><\/td>\n<td colspan=\"5\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"7\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Accounts payable<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">17,029<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">20,369<\/td>\n<td colspan=\"4\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Accrued liabilities<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">23,819<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">24,214<\/td>\n<td colspan=\"4\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Current portion \u2013 operating leases<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4,968<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4,851<\/td>\n<td colspan=\"4\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Derivative instruments<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">301<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1,177<\/td>\n<td colspan=\"4\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Other current liabilities<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">6,999<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">7,193<\/td>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: middle;   text-align: left;   padding-left: 30.0px; vertical-align: bottom ; \">Total current liabilities<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">53,116<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">57,804<\/td>\n<td colspan=\"4\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"5\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"7\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: bottom ; \">Long-term debt<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">110,664<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">92,904<\/td>\n<td colspan=\"4\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: bottom ; \">Operating leases, net of current portion<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">15,641<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">16,913<\/td>\n<td colspan=\"4\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: bottom ; \">Other liabilities<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">8,868<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">8,754<\/td>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: bottom ; \"><strong>Total Liabilities<\/strong><\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">188,289<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">176,375<\/td>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"19\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: bottom ; \"><strong>Stockholders\u2019 Equity:<\/strong><\/td>\n<td colspan=\"16\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Preferred stock, $0.001 par value; 10,000 shares authorized; Series A: no shares issued and outstanding as of March 31, 2025 and December 31, 2024 Series B: 927 shares issued and outstanding as of March 31, 2025 and December 31, 2024<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Common stock, $0.001 par value; 300,000 shares authorized; 76,497 and 76,565 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">77<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">77<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Non-voting common stock, $0.001 par value; 3,553 shares authorized; 1 share issued and outstanding as of March 31, 2025 and December 31, 2024<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u2014<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u2014<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Additional paid-in capital<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1,045,024<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1,044,176<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Accumulated other comprehensive income<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4,975<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4,975<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Accumulated deficit<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">(836,157<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: left ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">(824,166<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: middle;   text-align: left;   padding-left: 30.0px; vertical-align: bottom ; \">Total Stockholders\u2019 Equity<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">213,920<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">225,063<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: bottom ; \"><strong>Total Liabilities and Stockholders\u2019 Equity<\/strong><\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">402,209<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">401,438<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"left\"><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<strong><u>Reconciliation of Adjusted EBITDA to Net Loss<\/u><\/strong><\/td>\n<td colspan=\"7\" style=\"text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">Three Months Ended<br \/>March 31,<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:73%; width:73%; min-width:73%;;text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \"><em><u>(in thousands) (unaudited)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/u><\/em><\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:11%; width:11%; min-width:11%;;padding-left: 0 ; padding-right: 0 ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \">2025<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-right: 0 ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:11%; width:11%; min-width:11%;;padding-left: 0 ; padding-right: 0 ; border-bottom: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \">2024<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">Net loss<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(11,679<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(11,725<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Adjustments:<\/td>\n<td colspan=\"4\" style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Interest expense<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">2,729<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1,634<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Interest income<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(84<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(175<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Unrealized derivatives gains<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(1,634<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(3,190<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Acquisition-related expense<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u2014<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">675<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 15.0px; vertical-align: bottom ; \">Depreciation and amortization expense<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">6,266<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">5,728<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 30.0px; vertical-align: bottom ; \">Total adjustments<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">7,277<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">4,672<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Adjusted EBITDA<\/td>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 10.0px; padding-right: 0 ; border-bottom: double black 3pt ; vertical-align: bottom ; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">(4,402<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \"><u style=\"text-decoration-style:double;\">)<\/u><\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">(7,053<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"8\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"left\"><\/p>\n<table align=\"center\" style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td style=\"vertical-align: top ; \"><strong><u>Segment Financials<\/u><\/strong><em><br \/>(in thousands) (unaudited)<\/em><\/td>\n<td style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"12\" style=\"text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">Three Months Ended<br \/>March 31,<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:73%; width:73%; min-width:73%;;vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"max-width:11%; width:11%; min-width:11%;;padding-right: 0 ; text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">2025<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-right: 0 ; text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"max-width:11%; width:11%; min-width:11%;;padding-left: 0 ; padding-right: 0 ; text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">2024<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-left: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong><em><u>Net sales<\/u><\/em><\/strong><\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Pekin Campus production, recorded as gross:<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Alcohol sales<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"6\" style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">107,234<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">108,350<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Essential ingredient sales<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">44,618<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">46,709<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Intersegment sales<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">297<\/td>\n<td style=\"padding-left: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">321<\/td>\n<td style=\"padding-left: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 30.0px; vertical-align: bottom ; \">Total Pekin Campus sales<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">152,149<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">155,380<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Marketing and distribution:<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Alcohol sales, gross<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"6\" style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">48,997<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">54,431<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Alcohol sales, net<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">61<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">34<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Intersegment sales<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">2,506<\/td>\n<td style=\"padding-left: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">2,752<\/td>\n<td style=\"padding-left: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 30.0px; vertical-align: bottom ; \">Total marketing and distribution sales<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">51,564<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">57,217<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"9\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Western production, recorded as gross:<\/td>\n<td colspan=\"9\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Alcohol sales<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"6\" style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">16,194<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">20,231<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Essential ingredient sales<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">7,808<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">7,826<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 20.0px; vertical-align: bottom ; \">Intersegment sales<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">264<\/td>\n<td style=\"padding-left: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u2014<\/td>\n<td style=\"padding-left: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;   text-align: left;   padding-left: 30.0px; vertical-align: bottom ; \">Total Western production sales<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">24,266<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">28,057<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"9\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Corporate and other<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1,628<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">3,048<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Intersegment eliminations<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">(3,067<\/td>\n<td style=\"padding-left: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">(3,073<\/td>\n<td style=\"padding-left: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Net sales as reported<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"6\" style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">226,540<\/td>\n<td style=\"padding-left: 0 ; border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">240,629<\/td>\n<td style=\"padding-left: 0 ; border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"14\" style=\"text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"14\" style=\"text-align: left ;  vertical-align: middle; vertical-align: bottom ; \"><strong><em><u>Cost of goods sold:<\/u><\/em><\/strong><strong><em><br \/><\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Pekin Campus production<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">155,222<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">151,112<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Marketing and distribution<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">47,650<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">53,685<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Western production<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">25,524<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">36,517<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Corporate and other<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1,681<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">2,794<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Intersegment eliminations<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">(1,730<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">(1,079<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Cost of goods sold as reported<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">228,347<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">243,029<\/td>\n<td colspan=\"2\" style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"5\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \"><strong><em><u>Gross profit (loss):<\/u><\/em><\/strong><\/td>\n<td colspan=\"5\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Pekin Campus production<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(3,073<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4,268<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Marketing and distribution<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">3,914<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">3,532<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Western production<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(1,258<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(8,460<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">)<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Corporate and other<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">(53<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">254<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Intersegment eliminations<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">(1,337<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">(1,994<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt ; vertical-align: bottom ; \">)\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">Gross loss as reported<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"6\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">(1,807<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; border-bottom: double black 3pt ; vertical-align: bottom ; \">)<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">$<\/td>\n<td style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: double black 3pt ; vertical-align: bottom ; \">(2,400<\/td>\n<td colspan=\"2\" style=\"border-bottom: double black 3pt ; vertical-align: bottom ; \">)\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"left\"><\/p>\n<table align=\"center\" style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td colspan=\"2\" style=\"text-align: justify ;  vertical-align: middle; vertical-align: top ; \"><strong><u>Sales and Operating Metrics (unaudited)<\/u><em><br \/><\/em><\/strong><em>(in thousands) (unaudited)<\/em><em><br \/><\/em><\/td>\n<td colspan=\"12\" style=\"text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">Three Months Ended<br \/>March 31,<em><br \/><\/em><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"max-width:73%; width:73%; min-width:73%;;text-align: justify ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"max-width:11%; width:11%; min-width:11%;;padding-left: 0 ; text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">2025<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"max-width:1%; width:1%; min-width:1%;;padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"max-width:11%; width:11%; min-width:11%;;padding-left: 0 ; text-align: center ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">2024<\/td>\n<td colspan=\"2\" style=\"max-width:1%; width:1%; min-width:1%;;text-align: justify ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \"><em>Alcohol Sales (gallons in millions)<\/em><\/td>\n<td colspan=\"5\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"5\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Pekin Campus renewable fuel gallons sold<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">32.6<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">31.8<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Western production renewable fuel gallons sold<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">8.3<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">11.2<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Third party renewable fuel gallons sold<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">24.4<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">29.7<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Total renewable fuel gallons sold<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">65.3<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">72.7<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Specialty alcohol gallons sold<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">24.3<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">26.3<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Total gallons sold<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">89.6<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">99.0<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"5\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"5\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \"><em>Sales Price per Gallon<\/em><\/td>\n<td colspan=\"5\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"5\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Pekin Campus<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1.90<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1.90<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Western production<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1.95<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1.80<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Marketing and distribution<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">2.01<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1.83<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Average sales price per gallon<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1.93<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1.86<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"5\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"5\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \"><em>Alcohol Production (gallons in millions)<\/em><\/td>\n<td colspan=\"5\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"5\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Pekin Campus<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">54.3<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">53.6<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Western production<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">8.3<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">9.7<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Total<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">62.6<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">63.3<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"5\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"5\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \"><em>Corn Cost per Bushel<\/em><\/td>\n<td colspan=\"5\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"5\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Pekin Campus<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4.65<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4.73<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Western production<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">5.95<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">5.89<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Total<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"4\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4.81<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4.92<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"5\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"5\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p><\/p>\n<table align=\"center\" style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \"><em>Average Market Metrics<\/em><\/td>\n<td colspan=\"6\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">PLATTS Ethanol price per gallon<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1.71<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">1.56<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">CME Corn cost per bushel<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4.72<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">4.35<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Board corn crush per gallons (1)<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">0.02<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">$<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">0.01<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \"><em>Essential Ingredients Sold (thousand tons)<\/em><\/td>\n<td colspan=\"6\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Pekin Campus:<\/td>\n<td colspan=\"6\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Distillers grains<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">90.7<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">87.7<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">CO2<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">45.3<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">39.1<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Corn wet feed<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">34.5<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">25.6<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Corn dry feed<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">23.8<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">18.9<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Corn oil and germ<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">19.6<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">17.8<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Corn meal<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">9.4<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">8.3<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Syrup and other<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">8.2<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">9.5<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Yeast<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">6.4<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">5.7<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Total Pekin Campus essential ingredients sold<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">237.9<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">212.6<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Western production:<\/td>\n<td colspan=\"6\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Distillers grains<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">58.1<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">71.8<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">CO2<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">12.6<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">13.3<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Syrup and other<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">0.8<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">14.2<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Corn oil<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">1.4<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; border-bottom: solid black 1pt ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; border-bottom: solid black 1pt ; vertical-align: bottom ; \">1.5<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Total Western production essential ingredients sold<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">72.9<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">100.8<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Total Essential Ingredients Sold<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">310.8<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">313.4<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \"><em>Essential ingredients return % (2)<\/em><\/td>\n<td colspan=\"6\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Pekin Campus return<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">48.0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">52.1<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Western production return<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">49.0<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">39.3<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">Consolidated total return<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"3\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">48.2<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">%<\/td>\n<td style=\"padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; \">\u00a0<\/td>\n<td style=\"padding-right: 0 ; vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"padding-left: 0 ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">49.8<\/td>\n<td style=\"padding-left: 0 ; text-align: right ;  vertical-align: middle; vertical-align: bottom ; \">%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"6\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<td colspan=\"4\" style=\"vertical-align: bottom ; \">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"left\">________________<\/p>\n<p align=\"left\" style=\"padding-left:30px;\">(1)\u00a0 Assumes corn conversion of 2.80 gallons of alcohol per bushel of corn.<br \/>(2)\u00a0 Essential ingredients revenues as a percentage of total corn costs consumed.<\/p>\n<p align=\"center\"><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZjlhMGQ4MGEtNTQ3OC00ZjkxLTk2MzAtODc4ZGYzNWE2N2ZhLTEwMTg2NzQtMjAyNS0wNS0wNy1lbg==\/tiny\/Alto-Ingredients-Inc-.png\" referrerpolicy=\"no-referrer-when-downgrade\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>&#8211; Beverage-grade Liquid CO2 Processor Acquisition and Corporate Reorganization\u00a0Deliver Improved Year-over-Year Gross Margin and Adjusted EBITDA &#8211; PEKIN, Ill., May 07, 2025 (GLOBE NEWSWIRE) &#8212; Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, reported its financial results for the quarter ended March 31, 2025. Bryon [&#8230;]\n","protected":false},"author":1,"featured_media":79226,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-67515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-people"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.6 (Yoast SEO v21.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alto Ingredients, Inc. Reports First Quarter 2025 Results - Biz and Live in Saigon<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alto Ingredients, Inc. Reports First Quarter 2025 Results\" \/>\n<meta property=\"og:description\" content=\"&#8211; Beverage-grade Liquid CO2 Processor Acquisition and Corporate Reorganization\u00a0Deliver Improved Year-over-Year Gross Margin and Adjusted EBITDA\" \/>\n<meta property=\"og:url\" content=\"https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Biz and Live in Saigon\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SaigonbizGroup\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-08T00:02:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2025\/05\/Alto-Ingredients-Inc-.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1\" \/>\n\t<meta property=\"og:image:height\" content=\"1\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/person\/267b348e6cf32a66aab33637c2d399a6\"},\"headline\":\"Alto Ingredients, Inc. Reports First Quarter 2025 Results\",\"datePublished\":\"2025-05-08T00:02:34+00:00\",\"dateModified\":\"2025-05-08T00:02:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/\"},\"wordCount\":1887,\"publisher\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#organization\"},\"articleSection\":[\"People\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/\",\"url\":\"https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/\",\"name\":\"Alto Ingredients, Inc. Reports First Quarter 2025 Results - Biz and Live in Saigon\",\"isPartOf\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#website\"},\"datePublished\":\"2025-05-08T00:02:34+00:00\",\"dateModified\":\"2025-05-08T00:02:34+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/english.saigonbiz.com\/vn\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Alto Ingredients, Inc. Reports First Quarter 2025 Results\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#website\",\"url\":\"https:\/\/english.saigonbiz.com\/vn\/\",\"name\":\"Biz and Live in Saigon\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/english.saigonbiz.com\/vn\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#organization\",\"name\":\"SaigonBiz Media\",\"url\":\"https:\/\/english.saigonbiz.com\/vn\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2026\/03\/cropped-c2adea16-1c71-4315-8801-803a8d237e2a_removalai_preview.png\",\"contentUrl\":\"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2026\/03\/cropped-c2adea16-1c71-4315-8801-803a8d237e2a_removalai_preview.png\",\"width\":512,\"height\":512,\"caption\":\"SaigonBiz Media\"},\"image\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/SaigonbizGroup\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/person\/267b348e6cf32a66aab33637c2d399a6\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2026\/03\/c2adea16-1c71-4315-8801-803a8d237e2a_removalai_preview-2_uwp_avatar_thumb.png\",\"contentUrl\":\"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2026\/03\/c2adea16-1c71-4315-8801-803a8d237e2a_removalai_preview-2_uwp_avatar_thumb.png\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/english.saigonbiz.com\/vn\"],\"url\":\"https:\/\/english.saigonbiz.com\/vn\/profile\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Alto Ingredients, Inc. Reports First Quarter 2025 Results - Biz and Live in Saigon","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/","og_locale":"en_US","og_type":"article","og_title":"Alto Ingredients, Inc. Reports First Quarter 2025 Results","og_description":"&#8211; Beverage-grade Liquid CO2 Processor Acquisition and Corporate Reorganization\u00a0Deliver Improved Year-over-Year Gross Margin and Adjusted EBITDA","og_url":"https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/","og_site_name":"Biz and Live in Saigon","article_publisher":"https:\/\/www.facebook.com\/SaigonbizGroup","article_published_time":"2025-05-08T00:02:34+00:00","og_image":[{"width":1,"height":1,"url":"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2025\/05\/Alto-Ingredients-Inc-.png","type":"image\/png"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/#article","isPartOf":{"@id":"https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/"},"author":{"name":"admin","@id":"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/person\/267b348e6cf32a66aab33637c2d399a6"},"headline":"Alto Ingredients, Inc. Reports First Quarter 2025 Results","datePublished":"2025-05-08T00:02:34+00:00","dateModified":"2025-05-08T00:02:34+00:00","mainEntityOfPage":{"@id":"https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/"},"wordCount":1887,"publisher":{"@id":"https:\/\/english.saigonbiz.com\/vn\/#organization"},"articleSection":["People"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/","url":"https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/","name":"Alto Ingredients, Inc. Reports First Quarter 2025 Results - Biz and Live in Saigon","isPartOf":{"@id":"https:\/\/english.saigonbiz.com\/vn\/#website"},"datePublished":"2025-05-08T00:02:34+00:00","dateModified":"2025-05-08T00:02:34+00:00","breadcrumb":{"@id":"https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/english.saigonbiz.com\/vn\/alto-ingredients-inc-reports-first-quarter-2025-results\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/english.saigonbiz.com\/vn\/"},{"@type":"ListItem","position":2,"name":"Alto Ingredients, Inc. Reports First Quarter 2025 Results"}]},{"@type":"WebSite","@id":"https:\/\/english.saigonbiz.com\/vn\/#website","url":"https:\/\/english.saigonbiz.com\/vn\/","name":"Biz and Live in Saigon","description":"","publisher":{"@id":"https:\/\/english.saigonbiz.com\/vn\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/english.saigonbiz.com\/vn\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/english.saigonbiz.com\/vn\/#organization","name":"SaigonBiz Media","url":"https:\/\/english.saigonbiz.com\/vn\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/logo\/image\/","url":"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2026\/03\/cropped-c2adea16-1c71-4315-8801-803a8d237e2a_removalai_preview.png","contentUrl":"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2026\/03\/cropped-c2adea16-1c71-4315-8801-803a8d237e2a_removalai_preview.png","width":512,"height":512,"caption":"SaigonBiz Media"},"image":{"@id":"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/SaigonbizGroup"]},{"@type":"Person","@id":"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/person\/267b348e6cf32a66aab33637c2d399a6","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/person\/image\/","url":"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2026\/03\/c2adea16-1c71-4315-8801-803a8d237e2a_removalai_preview-2_uwp_avatar_thumb.png","contentUrl":"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2026\/03\/c2adea16-1c71-4315-8801-803a8d237e2a_removalai_preview-2_uwp_avatar_thumb.png","caption":"admin"},"sameAs":["https:\/\/english.saigonbiz.com\/vn"],"url":"https:\/\/english.saigonbiz.com\/vn\/profile\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/english.saigonbiz.com\/vn\/wp-json\/wp\/v2\/posts\/67515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.saigonbiz.com\/vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.saigonbiz.com\/vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.saigonbiz.com\/vn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/english.saigonbiz.com\/vn\/wp-json\/wp\/v2\/comments?post=67515"}],"version-history":[{"count":0,"href":"https:\/\/english.saigonbiz.com\/vn\/wp-json\/wp\/v2\/posts\/67515\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.saigonbiz.com\/vn\/wp-json\/wp\/v2\/media\/79226"}],"wp:attachment":[{"href":"https:\/\/english.saigonbiz.com\/vn\/wp-json\/wp\/v2\/media?parent=67515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.saigonbiz.com\/vn\/wp-json\/wp\/v2\/categories?post=67515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.saigonbiz.com\/vn\/wp-json\/wp\/v2\/tags?post=67515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}