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Ceres Inc.

Ceres Inc.

CEEIF
Ceres Inc.US flagOther OTC
23.13
USD
- -
- -
268.50MMarket Cap
Ceres Inc.
CEEIF
(Other OTC)

Recent

price

23.13

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
156.68
313.62
361.16
413.02
520.18
977.69
1,494.41
1,827.53
2,122.87
1,817.41
2,110.96
2,412.8
2,572.72
2,278.14
Revenue per Share
12.05
38.05
30.68
30.54
62.65
-28.66
6.78
67.32
251.75
4.12
39.57
128.96
216.61
67.48
Basic EPS, GAAP
4.41
24.81
15.66
35.5
30.49
36.59
39.96
167.87
89.24
-27.8
48.89
9.1
102.65
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
7.93
11.89
13.95
14.01
17.94
39.72
19.96
19.86
59.86
- -
Dividend per Share
28.82
99.23
118.32
260.91
317.02
333.57
325.3
377.85
620.78
577.17
593.36
705.14
861.99
638.69
Book Value per Share
8.39
188.64
162.38
427
492.13
424.25
473.74
514.94
783.9
669.62
729.31
978.24
950
814.21
Tangible Book Value per Share
7
8
9
9
10
11
11
11
11
11
11
11
12
11
Basic Weighted Avg Shares
1,172
2,421
3,167
3,726
5,400
10,706
16,511
20,213
23,403
20,536
24,071
27,707
29,660
26,001
Sales/Revenue/Turnover
13.4
13.6
14.69
14.95
17.7
11.41
5.33
7.41
9.85
6.07
4.65
8.04
7.87
5.63
Operating Margin (%)
13
35
77
89
141
229
273
254
296
374
478
456
493
- -
Depreciation Expense
90
294
269
276
650
-314
75
745
2,775
47
451
1,481
2,497
770
Net Income, GAAP
41.59
4.35
41.34
41.09
31.77
463.58
68.32
43.38
26.53
84.04
40
35.85
43.14
37.77
Effective Tax Rate (%)
7.69
12.13
8.49
7.39
12.04
-2.93
0.45
3.68
11.86
0.23
1.87
5.34
8.42
2.96
Profit Margin (%)
194
1,602
1,301
3,502
3,842
3,507
3,631
4,046
4,239
3,855
4,136
6,998
5,359
5,699
Working Capital
170
216
337
345
515
1,251
1,493
1,547
1,370
2,173
2,314
3,091
2,748
3,477
LT Debt
241
1,629
1,907
4,307
5,584
6,438
6,581
7,091
9,820
9,696
10,046
12,721
13,964
11,028
Total Equity
- -
24.05
12.19
8.91
11.31
-54.45
2.88
7.99
12.84
1.29
3.99
7.04
5.5
4.86
Return on Invested Capital (%)
- -
39.6
21.27
12.73
18.83
-7.47
0.14
8.29
25.69
-0.15
2.97
8.53
12.27
4.78
Return on Capital (%)
- -
59.85
29.84
16.25
23.04
-9.04
2.07
19.16
50.36
0.7
6.79
19.93
27.69
11.04
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
5,048
5,337
6,057
LT Borrowings
2,314
2,146
3,477
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11
11
12
Market Capitalization
4
4
5

Working Capital

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
17,587
18,895
20,944
Cash, Cash Equivalents & STI
11,088
11,781
13,618
Accounts Receivable, Net
3,643
3,318
3,259
Inventories
555
759
1,126
Total Current Liabilities
13,451
14,273
15,244
Payables & Accruals
- -
- -
- -
ST Debt
5,048
5,337
6,057
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
25.79%
15.45%
9.77%
Free Cash Flow
98.41%
98.94%
1,032.33%
Net Income, GAAP
209.96%
267.86%
68.63%
Sales/Revenue/Turnover
28.04%
8.58%
7.05%
Total Cash Common Dividend
- -
61.61%
202.58%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,718
6,433
- -
- -
27,707
2025
- -
- -
- -
- -
29,660
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
72.93
- -
- -
- -
128.96
2025
- -
- -
- -
- -
216.61
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
19.86
2025
- -
- -
- -
- -
59.86
2026
- -
- -
- -
- -
- -
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Business
Ceres Inc. is a clean energy technology company specializing in the development and licensing of solid oxide fuel cell (SOFC) technology. Its core products include industrial, commercial, and marine power solutions, as well as hydrogen applications for green ammonia production and refineries. The company provides innovative, low-cost metal-supported SOFC systems and intellectual property packages to its licensee partners, enabling entry into growing clean energy markets. Founded in 2001 and headquartered in the United Kingdom, Ceres operates globally with significant presence in Asia-Pacific through strategic partnerships. Recent major developments include a manufacturing license agreement signed in November 2025 with Weichai Power, a global equipment manufacturer in China, enhancing Ceres’ footprint in Asia-Pacific and accelerating commercial deployment. Additionally, Ceres’ South Korean partner Doosan Fuel Cell has commenced mass production of SOFC systems utilizing Ceres’ technology, marking a key milestone for commercial readiness and expected royalty growth. The company also continues collaborations with Bosch and Linde Engineering to advance electrolyser technology and participates actively in the global hydrogen market transition.