AREC American Resources Corp

Overview and Growth

American Resources Corp generated $0.00 of revenue in fiscal 2025, with net income of $55.39M and an operating cash outflow of $10.41M. Revenue was 100.0% below fiscal 2024 revenue of $34.07K, marking a top-line contraction. The company reported diluted EPS of $0.63, adding a shareholder-level measure to the absolute income figures considered below. A diluted share base of 87.27M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. The diluted share count was 13.0% higher than fiscal 2024, when diluted shares averaged 77.22M, adding context to the EPS comparison. At period end, total assets were $168.91M, framing the scale of the company’s operating and financing commitments.

Profitability

The company recorded an operating loss of $11.31M after the reported operating expense base. After all reported below-operating-line items, the company recorded net income of $55.39M for the fiscal year. EBITDA was negative $11.19M, showing a deficit before interest, taxes, depreciation, and amortization. The company reported a pretax loss of $17.83M, before the effect of income taxes. The company recognized $0.00 of income tax for the period, completing the transition from pretax income to net income. Return on period-end equity was 59.4%, relating annual net income to the equity capital on the balance sheet. Return on period-end assets was 32.8%, connecting net income with the company’s total asset base. Net income of $55.39M replaced the $39.20M loss reported in fiscal 2024.

Liquidity and Capital Structure

The company held $168.91M of assets against $75.72M of liabilities and $93.19M of equity, revealing how the asset base was financed. The near-term balance sheet paired $134.26M of current assets with $61.21M of current liabilities at the reporting date. Current assets covered current liabilities by 2.19x, leaving a positive buffer for near-term obligations. Cash and equivalents totaled $31.70M, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 51.8%, excluding receivables and other current assets. Borrowings totaled $965.29K, adding a fixed financing obligation alongside the company’s equity capital. Against book equity, debt measured 0.01x, placing the company’s financial leverage in clear balance-sheet terms. Debt represented 0.6% of total assets, placing borrowing in the context of the company’s full resource base. Book equity represented 55.2% of total assets, quantifying the balance-sheet share supported by shareholder capital. The liabilities-to-assets relationship was 44.8%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 18.8% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 18.0% from $205.87M in fiscal 2024, leaving current total assets lower year over year.

Cash Flow and Earnings Quality

Operating activities used $10.41M of cash, resulting in an operating cash outflow for the year. Cash absorbed by operations decreased from $21.24M in fiscal 2024 to $10.41M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.