Aemetis Inc. reported third-quarter 2025 revenue of $59.2 million, an increase of $7 million from the previous quarter, driven by stronger California ethanol margins and $14.5 million in biodiesel sales to India. The company's Dairy RNG platform generated approximately $4 million in revenue from 114,000 MMBtu produced by 12 operating digesters, with full monetization of seven newly approved LCFS pathways. Cash at quarter end rose to $5.6 million as Aemetis advanced a $30 million MVR project at Keyes, expected to add around $32 million in annual cash flow. The company has signed $57 million in equipment and installation contracts year-to-date and anticipates RNG production capacity to reach 550,000 MMBtu by year end, increasing to 1.0 million MMBtu by fiscal year 2027. Monetization pathways now include the sale of RNG molecules, D3 RINs, and Section 45Z production tax credits.