Gencor announces preliminary unchecked results

Orlando, Fla., March 03, 2025 (Globe Newswire) -Gencor Industries, Inc. (the “company” or “Gencor”) (NYSE American: GenC) previously reported that it took additional time to check the annual report on the 10-k form for the year, 2024, 2024. 10-K for the end of the year on September 30, 2024. The company was similarly a form 12b-25 in the Securities and Exchange Commission in relation to the quarterly report on form 10-Q, which ended on December 31, 2024.

Preliminary results in advance:

In the following, selected unchecked preliminary estimates of the operational results and other financial measures are off and for the financial year that ended on September 30, 2024 and in the quarter.

The company expects to report a turnover of around $ 113 million for the financial year, which ended on September 30, 2024, compared $ 105.1 million for the financial year that ended on September 30, 2023.

As of December 31, 2024, the company had around $ 130 million in cash and marketable securities, compared to around $ 115 million on September 30, 2024 without short-term or long-term debt.

The company's deficit on December 31, 2024 was about 51 million US dollars.

The results from September 30, 2024 and in the quarter, which ended on December 31, 2024, are temporarily and are based on estimates that the company considers appropriate. The provisional results for the financial year, which ended on September 30, 2024, will be unchecked by the company's independent, registered auditing company and can only be changed after the end of the end of the year and will only be concluded when the company submits its certified financial departments in its annual report on form 10-K. The final unchecked finance results for the quarter reported on December 31, 2024 can also differ from the results registered in this publication. Accordingly, inappropriate trust should not be inserted into this preliminary data, and these preliminary estimated data should not be regarded as a replacement for the degrees recognized in the USA in accordance with the invoices recognized in the USA, which are to be submitted according to the available securities and exchange commission. The preliminary finance results represent management estimates that make future -oriented statements that are subject to risks and uncertainties.

Caution regarding the identical statements – this press release and our other communication and statements Can certain “future -oriented statements” within the meaning of Section 27a of the Securities Act of 1933 in the changed and § 21e of the Securities Excurities Exchange Act of 1934 in the changed version (“Exchange Act”), including explanations of the convictions, plans, goals, expectations, expectations, estimates, projections and intentions of the company. These statements are subject to considerable risks and uncertainties and changes due to various factors, many of which go beyond the control of the company. Depending on a variety of important factors, the actual results can differ significantly, including the finalization and examination of the financial results of the company 2024 of the company, which may lead to changes or adjustments to the financial results presented here, which can lead to the financial situation of the customers of the company, changes in the economic and competitive environments and the demand for the products of the company. In addition, the effects of the invasion of Russia on Ukraine and the conflict between Israel and Hamas. As well as measures taken by other countries, including the United States, in response to such conflicts, could lead to a disturbance in our supply chain and to higher costs of our products. The words “may”, “could”, “should”, “”, “believe”, “anticipate”, “estimate”, “expectation”, “intend”, plan “,” goal “,” goal “and similar expressions should identify future -oriented statements.

Information about these factors and related matters can be found in the following sections of the company's annual report on form 10-K for the year that ended on September 30, 2023: (a) part I, point 1a, “risk factors” and (b) part II, point 7, “Discussion and analysis of the financial conditions of management”. However, other factors in addition to those who have been referred can have a negative impact on the results of the company, and you should not consider such a list of factors to be a complete amount of all potential risks or uncertainties. All future -oriented statements from the company speak here at the time of this press release. The company does not undertake to update future -oriented statements, except as required by law.

Unless the context indicates nothing else, all references in this press release to the “company”, “Gencor”, “We”, “US” or “Our” or similar words to Gencor Industries, Inc. and its subsidiaries.

Contact: Eric Mellen, Chief Financial Officer

407-290-6000