Gevo, Inc. · NASDAQ:GEVO
Gevo — Q4 2025 Earnings Presentation
11 slides from Gevo's earnings presentation, Mar 5, 2026
Slide 1: Fourth Quarter 2025 Earnings Presentation
Fourth Quarter 2025 Earnings Presentation NASDAQ: GEVO
Slide 2: Forward Looking Statement
Forward Looking Statement This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements ma
Slide 3: Financial Results
Financial Results Sy, gevo
Slide 4: Fourth Quarter and Full Year 2025 Financial Results Summary
Fourth Quarter and Full Year 2025 Financial Results Summary Transformative acquisition resulted in step-change impact, supports 2026 outlook • Full Year 2025 Revenue: $161 million, an +849% increase vs 2024 • Full Year 2025 Non-GAAP Adjusted EBITDA(1): $16 million, a +$74 million increase vs 2024
Slide 5: 2025 Results Showcase a Transformative Year
2025 Results Showcase a Transformative Year Executed on acquisition and integrated low-carbon ethanol and CCS Revenue ($mm) Non-GAAP Adjusted EBITDA(1) ($mm) Operating Cash Flow ($mm) +$44mm YoY increase, +849% YoY increase +$74mm YoY increase Includes $20mm in 4Q25 (1) Adjusted EBITDA is a non-GAAP
Slide 6: A Strong Foundation for Growth
A Strong Foundation for Growth Quarterly Revenue ($mm) Our Foundation: Acquisition of ethanol and CCS $45 $43 $43 this will vary QoQ and (partial quarter); YoY depending on RNG carbon intensity improvement ethanol, RNG and Environmental Benefits prices $29 $5 $6 $4 $2 1Q 2024 2Q 2024 3Q 2024 4Q 2024
Slide 7: Consistent, Growing Production Volumes
Consistent, Growing Production Volumes • 2025 was a record ethanol production Low-Carbon Ethanol (million gallons) CO2 Capture (‘000 metric tons) volume year • Yield of nearly 3 Utilization gallons per bushel of corn ground, close to Production the max possible • Total volume includes ~2 million gal
Slide 8: Appendix
Appendix Sy, gevo
Slide 9: Non-GAAP Adjusted EBITDA Reconciliation
Non-GAAP Adjusted EBITDA Reconciliation (1) Adjusted EBITDA is a non-GAAP measure calculated by adding back depreciation and amortization, allocated intercompany expenses for shared service functions, non-cash stock-based compensation, leadership 9 related transition expenses and the change in fair
Slide 10: Non-GAAP Adjusted EBITDA Reconciliation
Non-GAAP Adjusted EBITDA Reconciliation (1) Adjusted EBITDA is a non-GAAP measure calculated by adding back depreciation and amortization, allocated intercompany expenses for shared service functions, non-cash stock-based compensation, leadership 10 related transition expenses and the change in fair
Slide 11: Thank You
A Carbon Abatement Company Thank You 345 Inverness Drive South Building C | Suite 310 Englewood, Colorado 80112 gevo.com