Preliminary Q4/FY25: revenue up 18% but ops income down 54%; FY26 EBITDA guidance $40-50M

Genie Energy Ltd.

Q4 2025 revenue $121.6M (up 18% YoY); income from operations $4.6M (down 54% YoY).
FY 2025 revenue $502.0M (up 18% YoY); income from operations $27.7M (down 38% YoY).
FY 2026 guidance: consolidated Adjusted EBITDA of $40-$50 million.
Restatement update: 2023-2024 financials not reliable; captive insurance accounting errors expected to significantly increase prior income.
Cash and equivalents $211.4M at Dec 31, 2025, up from $200.6M a year prior.

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