Highwater Ethanol, LLC Income Statement

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

Millions USD. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Revenue	145.64	141.17	141.82	199.05	221.37	158.72
Revenue Growth (YoY)	3.77%	-0.46%	-28.75%	-10.08%	39.48%	63.20%
Cost of Revenue	127.55	131.56	132.8	179.48	188.44	143.17
Gross Profit	18.09	9.61	9.02	19.57	32.93	15.55
Selling, General & Admin	5.21	4.61	4.32	4.21	3.99	3.23
Operating Expenses	-1.49	4.61	4.32	4.21	3.99	3.23
Operating Income	19.58	5	4.7	15.36	28.94	12.31
Interest Expense	-0.21	-0.21	-0.22	-0.23	-0.28	-0.52
Interest & Investment Income	0.45	0.52	1.13	0.44	0.05	0
Earnings From Equity Investments	0.2	0.21	0.17	0.35	0.28	0.21
Other Non Operating Income (Expenses)	10.7	10.81	0.33	0.31	4.34	1.02
EBT Excluding Unusual Items	30.72	16.33	6.11	16.23	33.33	13.03
Other Unusual Items	-	-	-	0.51	-	0.71
Pretax Income	30.72	16.33	6.11	16.74	33.33	13.74
Net Income	30.72	16.33	6.11	16.74	33.33	13.74
Net Income to Common	30.72	16.33	6.11	16.74	33.33	13.74
Net Income Growth	378.80%	167.00%	-63.47%	-49.77%	142.53%	-
Free Cash Flow	16.1	-2.27	8.6	27.77	44.11	15.58
Dividend Per Share	1400.000	1700.000	3400.000	3200.000	3800.000	-
Dividend Growth	-17.65%	-50.00%	6.25%	-15.79%	-	-
Gross Margin	12.42%	6.81%	6.36%	9.83%	14.87%	9.79%
Operating Margin	13.44%	3.54%	3.31%	7.72%	13.07%	7.76%
Profit Margin	21.10%	11.56%	4.31%	8.41%	15.05%	8.66%
Free Cash Flow Margin	11.06%	-1.61%	6.07%	13.95%	19.92%	9.82%
EBITDA	25.6	10.66	13.19	25.41	39.25	22.06
EBITDA Margin	17.58%	7.55%	9.30%	12.77%	17.73%	13.90%
D&A For EBITDA	6.03	5.66	8.49	10.05	10.31	9.75
EBIT	19.58	5	4.7	15.36	28.94	12.31
EBIT Margin	13.44%	3.54%	3.31%	7.72%	13.07%	7.76%