Aemetis (NASDAQ: AMTX) updated five-year plan that provides insight into the company’s plans to generate $2 billion in revenue, $496 million in net income and $682 million in adjusted EBITDA in 2027.
The plan reflects a projected annual growth rate of 43% in total revenues and projected annual adjusted EBITDA growth rate of 77% between 2023 and 2027.
The plan for the Aemetis Dairy RNG business shows revenue growing from $2 million in 2023 to $302 million in 2027, with adjusted EBITDA expected to increase from $29.2 million in 2023 to $264.1 million in 2027.
In total, the tax credits improve net income by a projected $341 million in 2027.
Share price jumps 9% during pre-market hours.