CNEY CN ENERGY GROUP. INC.

Overview and Growth

Fiscal 2025 results for CN ENERGY GROUP. INC. combined $35.57M of revenue with net loss of $11.14M and an operating cash outflow of $1.97M. At $35.57M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $50.96M in fiscal 2024, revenue decreased 30.2%, a top-line contraction that reduced operating scale. On a per-share basis, diluted EPS was -$21.46, which connects the reported earnings outcome with the company’s diluted share count. Diluted shares averaged 1.95M; this is the reported share base over which the company’s diluted per-share earnings were spread. The company employed $107.31M of total assets, the balance-sheet base supporting its current operating and cash-flow results. The revenue-to-assets relationship was 0.33x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Gross profit was $647.57K, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. The gross-profit relationship equaled 1.8% of revenue, quantifying the portion retained before operating expenses were recognized. The company recorded an operating loss of $10.98M after the reported operating expense base. An operating margin of -30.9% reflected costs exceeding revenue-level gross profit by 30.9% of sales. After all below-operating-line items, the company recorded a net loss of $11.14M for the fiscal year. Net margin was -31.3%, reflecting a loss equal to 31.3% of reported revenue. EBITDA was negative $10.49M, showing a deficit before interest, taxes, depreciation, and amortization. The pretax result was a loss of $11.14M, establishing the deficit before tax effects. The pretax loss equaled 31.3% of revenue, measuring the pre-tax deficit against sales. Income tax expense totaled $378.00, providing the reported tax component that separates pretax and after-tax earnings. The net loss equaled 10.9% of period-end equity, showing the deficit relative to book capital. The loss-to-assets relationship was 10.4%, placing the bottom-line deficit against the company’s resource base. The net loss narrowed to $11.14M from $14.04M in fiscal 2024.

Liquidity and Capital Structure

Total assets were $107.31M, supported by $5.34M of liabilities and $101.97M of shareholder equity. Current assets were $65.77M against $4.73M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 13.9x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $390.71K, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 8.3% of current liabilities, showing how much near-term coverage came from cash alone. Equity equaled 95.0% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 5.0% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 0.4%, a balance-sheet composition measure rather than a liquidity forecast. The asset base changed 9.1% from $98.36M in fiscal 2024, leaving current total assets higher year over year. Reported equity changed 5.2% from $96.91M in fiscal 2024, placing the current capital base higher year over year. Compared with $317.32K in fiscal 2024, the current cash balance moved 23.1% and finished higher.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $1.97M, rather than cash generation from operations. The company recorded a $1.97M cash deficit after capital spending for the period. Relative to revenue, the post-investment cash deficit represented 5.5%. The cash deficit after capital spending represented 1.8% of the period-end asset base. The operating cash outflow narrowed to $1.97M from $2.37M in fiscal 2024.

Based on the annual report for the fiscal year ending Sep 30, 2025. Analysis generated Oct 21, 2026.