AleAnna (ANNA) Q2 2025 earnings summary

Executive summary

• Achieved first production from five wells in the Longanesi field in March 2025, reaching sustained maximum output in Q2 2025 and generating $3.3 million in natural gas revenue for the quarter.

• Expanded renewable natural gas (RNG) operations with three strategic acquisitions in Italy, generating $0.7 million in Q2 2025 from electricity sales at Casalino and Campopiano plants.

• Completed a business combination in December 2024, resulting in a recapitalization and public listing, with $0.6 million net proceeds after $9.5 million in transaction costs.

Financial highlights

• Q2 2025 revenue was $4.0 million, up from zero in Q2 2024, driven by Longanesi gas and RNG electricity sales.

• Operating income for Q2 2025 was $0.6 million, compared to a loss of $1.0 million in Q2 2024.

• Net income attributable to common stockholders was $0.3 million in Q2 2025, versus a loss of $43.1 million in Q2 2024.

• For the six months ended June 30, 2025, revenue was $4.7 million, with a net loss of $1.7 million, a significant improvement from a $157.4 million loss in the prior year period.

• Cash and cash equivalents were $22.8 million as of June 30, 2025.

Outlook and guidance

• Permanent Longanesi processing facility construction is expected to continue through 2025 and 2026.

• Gradizza field received regional approval in August 2025 and is expected to become the first operated producing asset upon federal approval.

• Company expects to achieve sustained profitability in the second half of 2025.