LanzaTech reported its financial and operating results for the third quarter ended September 30, 2025.
Key highlights include the operational status of the first commercial Ethanol-to-Jet Plant and receiving a €40 million grant from the EU Innovation Fund.
Financial results showed a decrease in revenue but improvements in net income and adjusted EBITDA loss compared to the same period last year.
First Commercial Ethanol-to-Jet Plant Operational
LanzaJet, Inc., a sustainable aviation fuel joint venture entity, started producing fuels at a commercial-scale plant in Georgia using ethanol as feedstock.
EU Innovation Fund Grant
LanzaTech was awarded a €40 million grant from the EU's Innovation Fund for a project in Norway to produce ethanol using ferroalloy emissions.
Financial Results Overview
Revenue decreased year-over-year due to reductions in Joint Development Agreements business and other services, but net income and adjusted EBITDA loss improved.
- The decrease in revenue was attributed to reductions in certain business areas and the completion of projects with existing customers.
- Cost of revenue decreased due to lower engineering and service costs and a change in revenue mix related to increased sales volume in CarbonSmart products.
- Operating expenses decreased significantly, primarily driven by personnel and contractor expense reductions from cost optimization initiatives.
LanzaTech's third quarter financial results reflect a mixed performance with revenue decline but improvements in net income and operating expenses. The successful operationalization of the Ethanol-to-Jet Plant and the EU Innovation Fund grant demonstrate LanzaTech's commitment to sustainable solutions and innovation.