XCF Global (SAFX) investor relations material

Company overview and business model

• Focuses on the production of sustainable aviation fuel (SAF) and renewable fuels using waste- and residue-based feedstocks, with a vertically integrated model from feedstock supply to sales.

• Owns and operates the New Rise Reno facility in Nevada, with plans to expand to additional sites in Florida, North Carolina, and internationally.

• Pursues a modular, replicable facility design to enable rapid expansion and capital-efficient growth.

• Targets the aviation sector's decarbonization, leveraging regulatory incentives and industry demand for SAF.

• Engages in partnerships and licensing for international expansion, maintaining IP ownership and selective governance.

Financial performance and metrics

• For the six months ended June 30, 2026: revenue of $1.04M, net loss of $31.95M, and working capital deficit of $238.4M.

• For the year ended December 31, 2025: revenue of $20.8M, net income of $74.0M, driven by non-operating items; operating loss of $67.9M.

• Cash and cash equivalents as of June 30, 2026: $329,084; current liabilities: $250.9M; accumulated deficit: $48.7M.

• Substantial doubt exists about the ability to continue as a going concern due to recurring losses, negative cash flows, and significant debt defaults.

• Major customer concentration: one customer accounted for 90–100% of revenues and accounts receivable in recent periods.

Use of proceeds and capital allocation

• The company will not receive proceeds from the resale of shares by selling stockholders; all proceeds go to selling stockholders.

• Proceeds from recent financings and loans have been used for facility upgrades, working capital, and debt service.

• Ongoing capital needs are expected for facility construction, debt repayment, and operational funding.