Safe & Green Holdings Corp. Reports 40% Revenue Decline and $4.57M Net Loss in Q2 2025, EPS at $(0.47)

Reuters
Aug 15
Safe & Green Holdings Corp. Reports 40% Revenue Decline and $4.57M Net Loss in <a href="https://laohu8.com/S/QTWO">Q2</a> 2025, EPS at $(0.47)

Safe & Green Holdings Corp. $(SGBX)$ has released its financial results for the second quarter of 2025. The company reported a decrease in revenue, totaling approximately $721,351 for the quarter ended June 30, 2025, compared to $1.21 million for the same period in 2024. This decline was primarily attributed to a reduction in construction services due to fewer jobs in progress. The net loss for the quarter was $4.57 million, a slight improvement from the $4.68 million loss recorded in the second quarter of 2024. Operating expenses, including selling, general, and administrative expenses, increased to $1.956 million from $873,956 in the prior year, reflecting an overall rise in operating expenditures. For the six months ended June 30, 2025, the company's total revenue was $1.287 million, compared to $2.179 million for the same period in the previous year, marking a decrease of approximately 43%. The net loss for the six-month period was $7.32 million, compared to a loss of $9.11 million for the same period in 2024. During the quarter, Safe & Green Holdings made strategic acquisitions to strengthen its oil and gas portfolio, including the acquisition of Sherman Oil and a 51% asset purchase of Winchester Oil & Gas. Additionally, the company entered into a modular solutions contract with Three Pines Leasing to supply modular office and storage units to a U.S. government agency. The company also announced a non-binding letter of intent to acquire Rock Springs Energy Group, a Wyoming-based refinery, for $35 million, subject to due diligence and closing conditions. Looking ahead, Safe & Green Holdings aims to strengthen its balance sheet, advance its oil and gas operations, and pursue acquisitions to enhance its market position in both traditional and next-generation infrastructure.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Safe & Green Holdings Corp. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1061394) on August 15, 2025, and is solely responsible for the information contained therein.

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