Argan subsidiary Gemma Power Systems awarded EPC contract for 860 MW gas-fired plant in ERCOT

ARGAN INC

Gemma Power Systems (Argan subsidiary) received full notice to proceed for ~860 MW natural gas-fired power plant in ERCOT.
Contract value will be included in Argan's project backlog for quarter ended October 31, 2025.
No financial terms disclosed; project adds to Argan's power generation backlog.

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