SDSYAOTCFats & OilsUS GAAP · USD

South Dakota Soybean Processors LLC

South Dakota Soybean Processors LLC is a U.S. soybean crushing business that processes soybeans into soybean oil and soybean meal. The company operates processing facilities in South Dakota and sells into domestic agricultural, feed, and renewable fuels markets.

Liikevaihto504milj. USD
−9,1 %v/v
Liikevoitto (EBIT)17,5milj. USD
−25,2 %v/v
EBIT-marginaali3,5%
−0,7 %-yks.v/v
Nettotulos17,7milj. USD
−12,7 %v/v
Vapaa kassavirta−241milj. USD
−105,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

0200400600800milj. USD2020: 415 milj. USD2020: EBIT 15 milj. USD20202021: 590 milj. USD2021: EBIT 29 milj. USD20212022: 722 milj. USD2022: EBIT 68 milj. USD20222023: 703 milj. USD2023: EBIT 72 milj. USD20232024: 554 milj. USD2024: EBIT 23 milj. USD20242025: 504 milj. USD2025: EBIT 17 milj. USD202550417
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Soybean oil55 %

Crude soybean oil sold into food, feed, and biofuels-related markets.

Soybean meal40 %

Protein meal produced from crushing soybeans for livestock feed and export use.

Processing and crushing services3 %

Soybean receiving, crushing, and related plant processing operations.

Derivative and risk management activity2 %

Board crush and related contracts used to manage commodity price exposure.

Tuotteet

Raportoitu · osuus liikevaihdosta
58,7%41,3%FY2025100 %
  • Soybean Meal and Hulls58,7 %
  • Soybean Oiland Oil Byproducts41,3 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company sells soybean oil to buyers tied to the biofuels chain, including biodiesel and renewable diesel producers, as well as other industrial users. Soybean meal is sold to feed customers and export channels that value protein meal for animal nutrition. The business also relies on soybean growers and grain suppliers as upstream counterparties, since plant utilization depends on a steady supply of soybeans.

Biofuels producers

Buy soybean oil for renewable diesel and biodiesel feedstock because it is a key vegetable oil input.

Animal feed customers

Buy soybean meal for protein-rich feed formulations used in livestock and poultry nutrition.

Export buyers

Buy soybean meal and oil for international trade when U.S. supply and pricing are competitive.

Agricultural suppliers

Sell soybeans to the company for crushing, supporting plant throughput and product output.

Strategia

The company’s strategy centers on running soybean crushing assets efficiently, securing adequate soybean supply, and selling oil and meal into the highest-value end markets. It is also expanding processing capacity through the High Plains Processing plant, which should increase throughput and diversify operating scale once ramped. Commodity pricing, biofuels policy, and export demand are central to its competitive position because they influence crush margins and plant utilization.

Ramp and stabilize the High Plains Processing plantLyhyt aikaväli

New capacity can increase processing volume and broaden the company’s operating base once commissioning is complete.

Improve crushing efficiency at existing plantsLyhyt aikaväli

Higher plant efficiency supports throughput and helps offset volatility in commodity spreads.

Position for stronger biofuels demandKeskipitkä aikaväli

Soybean oil demand is closely linked to renewable diesel and biodiesel economics.

Maantiede

2025

The company is based in the United States and operates soybean processing assets in South Dakota, including the Volga facility and the High Plains Processing plant near Mitchell. Its business is tied to U.S. soybean supply, domestic biofuels demand, and export competitiveness, so Midwest crop conditions and U.S. policy changes matter directly. The reports indicate essentially all business is conducted in U.S. dollars, with limited direct foreign currency exposure.

USA87 %
Kanada13 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

The company is exposed to commodity price swings in soybean oil and meal, which can move sharply with biofuels demand, crop supply, and global trade flows. It also faces execution risk as new processing capacity is commissioned and ramped, while debt and lease obligations add fixed commitments to a cyclical business. Policy uncertainty around renewable fuels and competition from imported feedstocks can materially affect crush margins and sales realizations.

Järjestetty vakavuuden mukaan
Biofuels policy uncertaintyKorkea

Soybean oil demand is tied to renewable diesel and biodiesel economics, which depend on federal volume obligations and tax-credit rules.

Kohdistuu: Soybean oil sales and crush margins

Commodity price volatilityKorkea

Soybean oil and meal prices can change quickly with supply, demand, and trade conditions, affecting realized margins.

Kohdistuu: Revenue and gross profit

Imported feedstock competitionKorkea

Used cooking oil and other lower-cost feedstocks can reduce demand for soybean oil in renewable fuels markets.

Kohdistuu: Soybean oil pricing

New plant ramp-up riskKeskitaso

Commissioning a new crushing plant can lead to lower initial utilization, operating inefficiencies, and startup delays.

Kohdistuu: High Plains Processing plant

Leverage and fixed obligationsKeskitaso

Long-term debt and lease payments create fixed cash commitments in a cyclical commodity business.

Kohdistuu: Debt service and liquidity

Kysy Clarifolta: South Dakota Soybean Processors LLC

Kirjanpito

Harkinnanvaraiset erät
Derivative accounting for board crush contracts

Mark-to-market changes on previously sold contracts can create large period-to-period swings in gross profit.

Vaikutus: Quarterly earnings volatility

Seasonality and crop timing

Soybean availability, harvest timing, and plant shutdowns affect throughput and make periods less comparable.

Vaikutus: Revenue and cost comparability

Debt and lease obligations

Principal, interest, and lease payments are significant fixed commitments that affect liquidity analysis.

Vaikutus: Cash flow and leverage

Plant commissioning and startup costs

New facility testing and ramp-up can change the timing of expense recognition and capitalization.

Vaikutus: Operating expense profile

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 29.4.2026

South Dakota Soybean Processors LLC (OTC) – Fats & Oils | Analyysi – Clarifo