on Safe & Green Holdings Corp (NASDAQ:SGBX)
Safe & Green Holdings Reports Strategic Expansion and Financial Update for Q2 2025
Miami-based Safe & Green Holdings Corp. has shared significant updates for the second quarter of 2025. The company, a leader in sustainable solutions and modular infrastructure, reported a strategic expansion in its oil and gas portfolio, including the acquisition of Sherman Oil and a 51% stake in Winchester Oil & Gas. They entered a key contract with Three Pines Leasing to supply modular units to a U.S. government agency, enhancing their presence in the infrastructure sector.
The firm's total assets increased to $53.74 million as of June 30, 2025, reflecting acquisitions and capital raises. Despite a dip in revenue from $1.21 million in Q2 2024 to approximately $721,351, they secured $7.9 million in financing, finishing the quarter with $2.77 million in cash.
CEO Mike Mclaren emphasized their commitment to strengthening their balance sheet, advancing oil and gas operations, and pursuing acquisitions and partnerships. The company's diversified platform and strategic acquisitions position it well for future growth.
R. E.
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