Highwater Ethanol, LLC (HEOL)

Highwater Ethanol, LLC Income Statement

Financials in millions USD. Fiscal year is November - October.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Revenue	141.17	141.82	199.05	221.37	158.72
Revenue Growth (YoY)	-0.46%	-28.75%	-10.08%	39.48%	63.20%
Cost of Revenue	131.56	132.8	179.48	188.44	143.17
Gross Profit	9.61	9.02	19.57	32.93	15.55
Selling, General & Admin	4.61	4.32	4.21	3.99	3.23
Operating Expenses	4.61	4.32	4.21	3.99	3.23
Operating Income	5	4.7	15.36	28.94	12.31
Interest Expense	-0.21	-0.22	-0.23	-0.28	-0.52
Interest & Investment Income	0.52	1.13	0.44	0.05	0
Earnings From Equity Investments	0.21	0.17	0.35	0.28	0.21
Other Non Operating Income (Expenses)	10.81	0.33	0.31	4.34	1.02
EBT Excluding Unusual Items	16.33	6.11	16.23	33.33	13.03
Other Unusual Items	-	-	0.51	-	0.71
Pretax Income	16.33	6.11	16.74	33.33	13.74
Net Income	16.33	6.11	16.74	33.33	13.74
Net Income to Common	16.33	6.11	16.74	33.33	13.74
Net Income Growth	167.00%	-63.47%	-49.77%	142.53%	-
Free Cash Flow	-2.27	8.6	27.77	44.11	15.58
Dividend Per Share	1700.000	3400.000	3200.000	3800.000	-
Dividend Growth	-50.00%	6.25%	-15.79%	-	-
Gross Margin	6.81%	6.36%	9.83%	14.87%	9.79%
Operating Margin	3.54%	3.31%	7.72%	13.07%	7.76%
Profit Margin	11.56%	4.31%	8.41%	15.05%	8.66%
Free Cash Flow Margin	-1.61%	6.07%	13.95%	19.92%	9.82%
EBITDA	10.66	13.19	25.41	39.25	22.06
EBITDA Margin	7.55%	9.30%	12.77%	17.73%	13.90%
D&A For EBITDA	5.66	8.49	10.05	10.31	9.75
EBIT	5	4.7	15.36	28.94	12.31
EBIT Margin	3.54%	3.31%	7.72%	13.07%	7.76%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.