$SDSYA

SOUTH DAKOTA SOYBEAN PROCESSORS LLC

CIK:0001163609|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues	$ 326,921,314	$ 110,640,734	$ 552,450,068	$ 228,554,043
Cost of revenues:
Total cost of revenues	290,523,744	110,367,359	521,589,494	222,374,364
Gross profit (loss)	36,397,570	273,375	30,860,574	6,179,679
Operating expenses:
Administration	2,237,336	1,681,784	4,537,304	3,406,750
Operating income (loss)	34,160,234	(1,408,409)	26,323,270	2,772,929
Other income (expense):
Interest expense	(6,559,155)	(1,227,078)	(12,705,092)	(2,378,004)
Other non-operating income (expense)	15,568	184,547	166,826	399,170
Patronage dividend income	18	46	1,843,645	845,407
Total other income (expense)	(6,543,569)	(1,042,485)	(10,694,621)	(1,133,427)
Net income (loss)	27,616,665	(2,450,894)	15,628,649	1,639,502
Net income (loss) attributable to non-controlling interests in consolidating entities	3,893,578	(1,477,747)	(3,838,943)	(1,760,424)
Net income (loss) attributable to Company	$ 23,723,087	$ (973,147)	$ 19,467,592	$ 3,399,926
Earnings Per Share, Diluted	$ 0.78	$ (0.03)	$ 0.64	$ 0.11
Basic and Diluted Loss Per Capital Unit [Abstract]
Earnings Per Share, Basic	$ 0.78	$ (0.03)	$ 0.64	$ 0.11
Weighted average number of capital units outstanding for calculation of diluted earnings per capital unit (in shares)	30,411,500	30,411,500	30,411,500	30,411,500
Weighted average number of capital units outstanding for calculation of basic earnings per capital unit (in shares)	30,411,500	30,411,500	30,411,500	30,411,500
Product
Cost of revenues:
Cost of products and services	$ 234,108,584	$ 87,741,582	$ 415,441,153	$ 177,834,912
Freight and rail
Cost of revenues:
Cost of products and services	31,838,765	11,021,642	58,582,053	22,291,566
Manufactured Product, Other
Cost of revenues:
Cost of products and services	$ 24,576,395	$ 11,604,135	$ 47,566,288	$ 22,247,886

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating activities
Net income (loss)	$ 15,628,649	$ 1,639,502
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	15,389,326	3,969,130
Net (gain) loss recognized on derivative activities	36,771,621	2,484,115
Non-cash patronage dividends	(192,165)	(184,892)
Change in current operating assets and liabilities	(118,516,931)	(45,962,208)
Net cash (used in) provided by operating activities	(50,981,839)	(38,054,353)
Investing activities
Increase in other assets	(300,050)	(326,688)
Proceeds from sales of property and equipment	172,142	0
Purchase of property and equipment	(17,643,990)	(122,921,005)
Net cash used in investing activities	(17,771,898)	(123,247,693)
Financing activities
Change in excess of outstanding checks over bank balances	7,430,391	(4,929,254)
Proceeds from (Repayments of) Lines of Credit	(1,326,007)	4,595,604
Distributions paid to members	(8,516,920)	(7,672,273)
Payments of Debt Issuance Costs	(333,883)	(16,945)
Proceeds from long-term debt	72,515,743	140,159,507
Principal payments on long-term debt	(3,250,000)	(3,250,000)
Net cash provided by financing activities	66,519,324	128,886,639
Net change in cash and cash equivalents	(2,234,413)	(32,415,407)
Cash and cash equivalents, beginning of period	8,352,627	39,594,084
Cash and cash equivalents, end of period	6,118,214	7,178,677
Supplemental disclosures of cash flow information
Interest	12,062,927	2,378,004
Soybean meal contributed as investment	0	366,112
Property and equipment included in accrued expenses and other long-term liabilities	3,877,286	14,291,957
Gain (Loss) on Disposition of Property Plant Equipment	$ 62,339	$ 0

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Assets
Cash and cash equivalents	$ 6,118,214	$ 8,352,627
Trade accounts receivable	57,412,144	29,285,341
Inventories	152,911,850	132,834,755
Commodity derivative instruments	16,950,257	9,866,657
Prepaid expenses	3,301,739	3,377,296
Total current assets	236,694,204	183,716,676
Property and equipment	638,872,829	638,123,619
Less accumulated depreciation	(99,564,467)	(84,732,372)
Total property and equipment, net	539,308,362	553,391,247
Other assets
Investments	19,348,191	19,156,025
Right-of-use lease asset, net	80,971,152	85,535,599
Other Assets, Noncurrent	1,282,738	982,687
Total other assets	101,602,081	105,674,311
Total assets	877,604,647	842,782,234
Current liabilities
Excess of outstanding checks over bank balance	26,143,849	18,713,458
Note payable - seasonal loans	26,046,780	27,372,787
Current maturities of long-term debt	21,046,231	646,064
Current portion - operating leases	7,821,744	8,025,011
Accounts payable	7,013,931	3,157,382
Accrued commodity purchases	45,325,426	73,331,567
Commodity derivative instruments	7,809,203	4,968,237
Accrued expenses	7,876,021	8,009,698
Contract with Customer, Liability	8,813,099	14,114,940
Total current liabilities	157,896,284	158,339,144
Long-term liabilities
Long-term debt, net	299,950,507	251,142,632
Long-term operating lease liabilities	71,067,265	75,310,587
Accounts Payable and Accrued Liabilities, Noncurrent	351,851	16,762,860
Total long-term liabilities	371,369,623	343,216,079
Commitments and contingencies (Notes 4, 5, 6, and 10)
Equity, Attributable to Parent [Abstract]
Members' equity (30,411,500 units issued and outstanding)	199,293,366	188,342,694
Partners' Capital Attributable to Noncontrolling Interest	149,045,374	152,884,317
Total liabilities and members' equity	877,604,647	842,782,234
Non-controlling interests in consolidated entities	$ 348,338,740	$ 341,227,011