LSCP Reports $9.5M Winter Quarter Net Income, CEO Cites Ethanol, Corn Oil

Little Sioux Corn Processors said it earned $9.5 million in net income for the winter quarter ended Dec. 31, 2025, attributing the gain to “steady operations and seasonally strong ethanol demand,” according to a company letter summarizing the quarter. The letter also conveyed management’s view that ethanol and corn oil prices improved, language summarized in company communications as “Ethanol, corn oil prices up CEO says.”

Those calendar-quarter results sit alongside LSCP’s fiscal reporting, which follows a Sept. 30 year end. In the company’s balance sheet dated 9/30/2025, total assets were $234,895,302 and Members’ Equity rose to $207,886,791 from $197,060,094 a year earlier. The company document states, “The balance sheet continues to demonstrate strength and stability, an increase in Members’ Equity from $197.06M on 09/30/2024 to $207.89M on 09/30/2025, a gain of $10.83M, was primarily driven by strong net income performance during FY25.”

LSCP’s internal financial tables show net income of $16,533,091 for the 3 months ended Sept. 30, 2025, and net income of $32,666,359 for the 12 months ended Sept. 30, 2025. Three-month total revenues were $93,068,652 versus $94,742,335 a year earlier, while three-month gross profit rose to $17,958,731 from $12,432,901 and three-month net income increased from $11,650,798 to $16,533,091. For the 12 months ended 9/30/2025, total revenues were $349,304,570 and gross profit was $37,329,322.

Operational metrics in LSCP’s disclosure show ethanol yield at 3.06 gallons per bushel and ethanol production at 469,419 gallons per day for the three months ended 9/30/2025, equal to an annualized capacity figure of 165.7 million gallons per year. Energy and coproduct metrics reported were 21,104 BTU per gallon of natural gas, grid electricity use of 0.59 KW per gallon, and corn oil extraction of 1.08 pounds per bushel, up from 1.06 the prior year.

The company document flags a year-over-year revenue decline: “Fiscal year 2025 revenue is 13.51M lower than fiscal year 2024, this represents a 3.72% decrease. Ethanol sales volumes rose by 2.6% though revenue was” — the disclosure stops mid-sentence and LSCP did not provide the remainder in the materials supplied. The finance note also explains liquidity moves: “The decrease in working capital over the 2025 fiscal year was driven by shareholder distributions and cash outlays for the grain bin project. These investments reflect confidence in the company’s trajectory and commitment to delivering long-term value to the shareholder.”

A separate fragment in company communications references a Marcus-area ethanol plant that “generated roughly $90 million in” but that sentence is incomplete in the materials provided and requires clarification on the metric and period. Shareholder metrics reported include net income per unit of $61 for the three months ended 9/30/2025 and $121 for the 12 months ended 9/30/2025 versus $43 and $119 a year earlier; the Distribution/Unit row reads in the document as “Distribution/Unit $40 $-$80 $80,” which appears garbled.

LSCP reminded owners to update contact details and announced, “SAVE THE DATE ANNUAL MEETING APRIL 7, 2026.” With Members’ Equity up roughly $10.83 million and fiscal net income totaling $32.67 million through Sept. 30, 2025, LSCP’s statements portray financial resilience even as fiscal revenue slipped; several disclosure fragments, including the Marcus-plant $90 million line and the truncated revenue sentence, remain to be clarified by the company.