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AleAnna, Inc.
ANNACIK 0001845123NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthCrude Petroleum & Natural GasDelawareFY ends Dec 31
Period
FY 2025
Revenue
$25.04M
Net Income
$2.88M
Total Assets
$101.30M
Equity
$58.68M
Shares Out
4.59M
Op. Cash Flow
$10.16M
Business
AleAnna, Inc. is a development-stage natural gas resource company focused on supplying natural gas to Europe through onshore conventional exploration and renewable natural gas development in Italy. It produces conventional natural gas from discoveries such as the Longanesi field and develops carbon-negative renewable natural gas (biomethane) from anaerobic digesters, and has generated electricity from RNG plants. The company operates two primary segments: conventional natural gas exploration and development, and renewable natural gas acquisition, conversion and operations. Its activities are concentrated in Italy’s Po Valley with distribution into the Italian and southern European pipeline and utility markets, and direct sales arrangements with marketing counterparties.
Summary from filing dated 2025-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 25 | 1 | — | — | — | |
| Cost of revenues | 6 | 1 | — | — | — | |
| Lease operating expense | 3 | — | — | — | — | |
| General and administrative | 10 | 6 | 6 | — | — | |
| Depreciation and depletion | 3 | 133,516 | — | — | — | |
| Accretion of asset retirement obligation | 132,002 | 133,239 | 133,239 | — | — | |
| Business combination transaction expenses | — | 8 | — | — | — | |
| Total operating expenses | 22 | 16 | 6 | — | — | |
| Operating income (loss) | 3 | −15 | −6 | −1 | −139,479 | |
| Interest and other income | 1 | 2 | — | — | — | |
| Change in fair value of derivative liability | — | 173,177 | 708,869 | — | — | |
| Total other income | 1 | 2 | 606,828 | — | — | |
| Income (loss) before income taxes | 4 | −12 | — | — | — | |
| Income tax expense | −1 | — | — | — | — | |
| Net income (loss) | 3 | −12 | −5 | — | — | |
| Deemed dividend to Class 1 Preferred Units redemption value | — | −155 | −53 | — | — | |
| Net loss (income) attributable to noncontrolling interests | −1 | 87,511 | — | — | — | |
| Net income (loss) attributable to Class A Common stockholders or holders of Common Member Units | 2 | −168 | −58 | — | — | |
| Currency translation adjustment | 4 | −2 | — | — | — | |
| Comprehensive income (loss) | 7 | −14 | −5 | — | — | |
| Comprehensive loss (income) attributable to noncontrolling interests | −3 | 87,511 | — | — | — | |
| Total comprehensive income (loss) attributable to Class A Common stockholders or holders of Common Member Units | 4 | −14 | −5 | — | — | |
| Weighted average shares of Class A Common Stock outstanding, basic (in Shares) | 41 | 38 | 32 | — | — | |
| Weighted average shares of Class A Common Stock outstanding, diluted (in Shares) | 41 | 38 | 32 | — | — | |
| Net income per share of Class A Common Stock, basic (in Dollars per share) | 0.04 | −4.38 | −1.84 | — | — | |
| Net income per share of Class A Common Stock, diluted (in Dollars per share) | 0.04 | −4.38 | −1.84 | — | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 32 | 28 | 7 | — | — | |
| Restricted cash | 1 | — | — | — | — | |
| Accounts receivable | 2 | 1 | — | — | — | |
| Prepaid expenses and other assets | 2 | 2 | 27,485 | 514,200 | 561,405 | |
| Total Current Assets | 37 | 31 | 7 | 976,114 | 1 | |
| Natural gas and other properties, successful efforts method, net of accumulated depreciation and depletion of $2,932,984 and $0, respectively | 43 | 34 | — | — | — | |
| Renewable natural gas properties, net of accumulated depreciation of $508,583 and $132,094, respectively | 11 | 9 | — | — | — | |
| Value-added tax refund receivable | 10 | 7 | 4 | — | — | |
| Operating lease right-of-use assets | 2 | 2 | — | — | — | |
| Total Non-current Assets | 65 | 52 | 27 | — | — | |
| Total Assets | 101 | 83 | 34 | 231 | 204 | |
| Accounts payable and accrued expenses | 7 | 2 | 1 | — | — | |
| Income tax payable | 417,568 | — | — | — | — | |
| Lease liability, short-term | 200,419 | 163,865 | — | — | — | |
| Contingent consideration liability, short-term | 12 | — | — | — | — | |
| Total Current Liabilities | 19 | 2 | 2 | 912,864 | 435,401 | |
| Asset retirement obligation | 5 | 4 | 4 | 4 | — | |
| Deferred tax liability | 897,812 | — | — | — | — | |
| Lease liability, long-term | 2 | 2 | — | — | — | |
| Contingent consideration liability, long-term | 17 | 25 | 26 | — | — | |
| Total Non-current Liabilities | 24 | 31 | 31 | — | — | |
| Total Liabilities | 43 | 33 | 32 | 912,864 | 7 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Additional paid-in capital | 229 | 227 | — | — | — | |
| Accumulated other comprehensive loss | −4 | −6 | −5 | — | — | |
| Accumulated deficit | −189 | −191 | −146 | 162,688 | −5 | |
| Noncontrolling interest | 23 | 20 | — | — | — | |
| Total Stockholders Equity | 59 | 50 | −151 | — | — | |
| Total Liabilities and Stockholders Equity | 101 | 83 | 34 | 231 | 204 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation, depletion, and amortization | 3 | 213,514 | — | — | — | |
| Accretion of asset retirement obligation | 132,002 | 133,239 | 133,239 | — | — | |
| Share based compensation | 774,220 | — | — | — | — | |
| Deferred tax liability | 897,812 | — | — | — | — | |
| Accounts receivable | −552,452 | −1 | — | — | — | |
| Prepaid expenses and other assets | 339,135 | −1 | −29,618 | — | — | |
| Value-added tax refund receivable | −2 | −3 | −1 | — | — | |
| Accounts payable and accrued expenses | 4 | 1 | 878,675 | — | — | |
| Income tax payable | 417,568 | — | — | — | — | |
| Related party payables | — | −525,276 | 525,276 | 0 | 2,284 | |
| Change in operating lease liability | — | −79,998 | — | — | — | |
| Net cash provided by (used in) operating activities | 10 | −17 | −6 | −413,917 | −1 | |
| Additions to renewable natural gas properties | −235,724 | −10 | — | — | — | |
| Additions to conventional natural gas properties | −7 | −13 | −9 | — | — | |
| Net cash used in investing activities | −7 | −23 | −9 | −25 | −202 | |
| Proceeds from exercises of warrants | 1 | 648,122 | — | — | — | |
| Business Combination transaction expenses eligible for capitalization | — | −641,654 | — | — | — | |
| AleAnna Energy Class 1 Preferred Units issued for cash | — | 62 | 21 | — | — | |
| Net cash provided by financing activities | 1 | 62 | 21 | 25 | 204 | |
| Effect of foreign currency translation on cash | 506,307 | −571,729 | 135,698 | — | — | |
| Change in cash, cash equivalents and restricted cash during the period | 5 | 22 | 6 | — | — | |
| Deemed dividend to Class 1 Preferred Units redemption value | — | −155 | — | — | — |
Filings
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