M&A
confidence high
sentiment neutral
materiality 0.65
XCF Global updates pro forma for Southern Energy/DevvStream acquisition; H1 2026 net loss $43.7M
XCF Global, Inc.
- Pro forma net loss $43.7M for H1 2026; net income $59.0M for FY2025 after combination.
- XCF stockholders retain 66.67% control; Southern Energy owners get 23.33%, DevvStream owners 10%.
- Pro forma total assets $524.8M; goodwill $29.7M and intangible assets $70.3M recorded.
- Southern Energy treated as asset purchase; DevvStream as business combination; no change in control.
- Updated pro forma filed Sept 1, 2026; original deal disclosed April 14, 2026.