<span item_type="fundamental" item_id="e5e60966de508a7e53a6c0cb590f353c" counter_id="ST/US/VGASW" env="prod"></span><span item_type="announcement" item_id="549083675737595137" env="prod"></span><p>EPS: As of FY2025 Q2, the actual value is USD -0.07.</p><p>EBIT: As of FY2025 Q2, the actual value is USD -2.574 M.</p><p></p><h3>Segment Revenue</h3><ul><li>The company has not generated any revenue to date and expects future revenue from activities related to the proposed Permian Basin Project, which is expected to produce reformulated blendstock for oxygenate blending grade gasoline.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841425/000162828025040155/vgasw-20250630.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Loss</strong>: For the three months ended June 30, 2025, the net loss was $2,545,999, compared to $2,831,720 for the same period in 2024. For the six months ended June 30, 2025, the net loss was $5,249,584, compared to $5,360,803 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841425/000162828025040155/vgasw-20250630.htm"></span></li><li><strong>General and Administrative Expenses</strong>: Increased by $105,546, or 4%, for the three months ended June 30, 2025, compared to the same period in 2024, primarily due to additional headcount resulting in higher compensation expense.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841425/000162828025040155/vgasw-20250630.htm"></span></li><li><strong>Research and Development Expenses</strong>: Decreased by $27,778, or 16%, for the three months ended June 30, 2025, compared to the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841425/000162828025040155/vgasw-20250630.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Used in Operating Activities</strong>: Increased by approximately $0.9 million during the six months ended June 30, 2025, compared to the same period in 2024, primarily due to cash paid for D&amp;O insurance and excise tax.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841425/000162828025040155/vgasw-20250630.htm"></span></li><li><strong>Net Cash Used in Investing Activities</strong>: Largely consistent with the same period in 2024, primarily related to development costs incurred in connection with the JDA, partially offset by cash reimbursements for such capital expenditures received from Cottonmouth.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841425/000162828025040155/vgasw-20250630.htm"></span></li><li><strong>Net Cash Provided by Financing Activities</strong>: $49.4 million for the six months ended June 30, 2025, due to the net proceeds from the closing of the PIPE Investment in January 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841425/000162828025040155/vgasw-20250630.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Construction in Progress Assets</strong>: Comprised of capitalized FEED costs related to the Permian Basin Project of $6,414,100, net of amounts reimbursable by Cottonmouth of $4,168,400.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841425/000162828025040155/vgasw-20250630.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company is focused on the development of its first commercial production plant using its patented STG+® technology, with the Permian Basin Project serving as a template for additional projects throughout the Permian Basin and other pipeline-constrained basins in the U.S.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841425/000162828025040155/vgasw-20250630.htm"></span></li><li><strong>Non-Core Business</strong>: The company continues to identify and evaluate other potential opportunities to deploy its technology while remaining disciplined with its resources.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1841425/000162828025040155/vgasw-20250630.htm"></span></li></ul>

VERDE CLEAN FUELS INC C/WTS 15/02/2028 (TO PUR COM) | 10-Q: FY2025 Q2 EPS: USD -0.07