Revenue: As of FY2025 Q3, the actual value is USD 9.279 M.

EPS: As of FY2025 Q3, the actual value is USD 0.99.

EBIT: As of FY2025 Q3, the actual value is USD -15.97 M.

Segment Revenue

• Contracts with customers and grants: $10.87 million for the nine months ended September 30, 2025, compared to $17.68 million for the same period in 2024.
• CarbonSmart product sales: $10.99 million for the nine months ended September 30, 2025, compared to $4.01 million for the same period in 2024.
• Collaborative arrangements: $2.43 million for the nine months ended September 30, 2025, compared to $4.47 million for the same period in 2024.
• Related party transactions: $3.56 million for the nine months ended September 30, 2025, compared to $11.40 million for the same period in 2024.

Operational Metrics

• Net income (loss): - $48.87 million for the nine months ended September 30, 2025, compared to - $110.74 million for the same period in 2024.
• Operating profit (loss): - $78.95 million for the nine months ended September 30, 2025, compared to - $81.91 million for the same period in 2024.
• Operating costs: Total operating expenses were $86.14 million for the nine months ended September 30, 2025, compared to $99.07 million for the same period in 2024.

Cash Flow

• Operating cash flow: - $58.69 million for the nine months ended September 30, 2025, compared to - $69.38 million for the same period in 2024.

Unique Metrics

• Revenue from new markets or product lines: CarbonSmart product sales increased to $10.99 million for the nine months ended September 30, 2025, compared to $4.01 million for the same period in 2024.

Future Outlook and Strategy

Core Business Focus

• Strategic Plans: LanzaTech is focused on shifting its core operations from research and development to globally deploying the Company’s proven technology. The company is streamlining its priorities to sharpen its business focus and improve its cost structure, evaluating other liquidity enhancing initiatives, including pursuing capital raising, partnership or asset-related opportunities, and other strategic options.
• Measurable Goals: The company introduced a cohort-based operating model to guide the phased deployment of commercial projects, aiming to systematically de-risk execution, align resources and capital allocation around milestone-based progression, and build revenue visibility as each cohort advances into operations.

Non-Core Business

• Plans: The company is actively pursuing capital raising, partnership or asset-related opportunities, and other strategic options to enhance liquidity.

Priority

• Strategies with Concrete Projections: The company has 4 projects in its first cohort, with the lead project nearing completion of offtake negotiations, expected to unlock financing capital and serve as a blueprint for future deployments. Subsequent projects in this cohort are advancing through development pipelines with staged progression aligned to regulatory approvals, customer readiness, and financing, with the earliest targeted to be in the first half of 2027.