Blue Dolphin Energy Company (OTCQX: BDCO) has released its financial results for the twelve months ended December 31, 2025, showing a significant increase in gross profit compared to the previous year. The company reported a total gross profit of $8.7 million for Full Year 2025, up from $3.9 million in Full Year 2024. Despite this improvement, Blue Dolphin also reported a net loss of $5.6 million, or a loss of $0.38 per share, compared to a net loss of $8.6 million, or a loss of $0.58 per share, for the prior year. The consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year was $1.3 million, a turnaround from a consolidated EBITDA of $(1.5) million in 2024. The refinery operations EBITDA also showed improvement, totaling $2.9 million for Full Year 2025 compared to $(0.4) million for Full Year 2024. The company emphasized its focus on efficiency, reliability, safety, and cost management throughout the year, which contributed to the improved financial performance. As of December 31, 2025, Blue Dolphin had $2.0 million in cash and cash equivalents, an increase from $1.1 million at the end of 2024. However, the company reported a working capital deficit of $24.4 million, up from $19.1 million in the previous year. The results indicate a positive trend in operational execution, although the net loss reflects ongoing challenges in the market. For more detailed financial information, the full press release is available on the company's website.

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