Lanzatech Global (LNZA) investor relations material

Executive summary

• Q2 2026 revenue was stable at $9 million, with significant cost reductions and a structural reset positioning for improved commercial execution.

• Net income reached $184.3 million in Q2 2026, reversing a prior net loss, primarily due to a $208.1 million non-cash gain from the SGLT investment.

• Adjusted EBITDA loss improved to $7.5–$7.6 million from $29.7 million year-over-year, reflecting disciplined cost optimization.

• Strategic milestones included the SGLT IPO, selection of North Sea Port, Ghent for the FLITE SAF facility, and progress toward ISCC EU certification for recycled carbon fuels in China.

• Addition to the Russell 3000 and Russell 2000 indices increased institutional visibility.

Financial highlights

• Q2 2026 revenue was $9.0 million, nearly flat year-over-year; six-month revenue was $21.0 million, up 13%.

• Q2 gross profit was $1.8 million (20% margin), down from $2.9 million (32%) in Q2 2025.

• Operating expenses for Q2 2026 were $11.7 million, down 67% from $35.1 million in Q2 2025.

• Adjusted EBITDA loss for Q2 2026 was $7.6 million, a significant improvement from $29.7 million loss in Q2 2025.

• Net income for Q2 2026 was $184.3 million, compared to a net loss of $32.5 million in Q2 2025.

Outlook and guidance

• Full-year 2026 revenue guidance is $50–$55 million.

• Adjusted EBITDA loss guidance for 2026 is $22–$26 million.

• Operating expenses for 2026 projected at $51–$55 million.

• Execution priorities include completing certification milestones, converting ethanol demand into sales, and maintaining cost discipline.

• Near-term revenue remains partly dependent on U.S. government program funding and approvals.