Vivakor Inc. reported a significant increase in its financial performance for the first quarter of 2025, with revenue soaring by 133% to $37.3 million compared to the same period in 2024. The rise in revenue is primarily attributed to the sales of logistics and terminaling services stemming from the operations of newly acquired Endeavor Entities' businesses. Gross profit also saw a substantial increase of 345%, reaching $4.8 million, up from $1.1 million in the first quarter of 2024. The gross margin improved to 12.7% from 6.7% in the previous year. Adjusted EBITDA showed an increase to $2.5 million for the period. The company's total assets stood at $248.2 million, with stockholders' equity at $108.8 million. This performance was notably driven by the success of Vivakor's transportation logistics segment, despite a slight decline in transportation volumes due to global events. CEO James Ballengee stated that the results demonstrate the strength of the company's long-term contracts and expressed optimism for continued growth in 2025.
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