Reduced Liabilities by $50 Million

Dallas, TX, April 28, 2026 (GLOBE NEWSWIRE) -- Vivakor, Inc. (NASDAQ:VIVK) ("Vivakor" or the "Company"), an integrated provider of energy transportation, storage, reuse, and remediation services, today announced financial and operational results for the twelve months ended December 31, 2025. The results reflect the Company's continued operational execution and balance sheet improvements following its recent uplisting to the Nasdaq Capital Market.

Key Financial Highlights for the Twelve Months Ended December 31, 2025 (YoY):

Revenue increased 16% to $104.4 million;
Gross profit increased to $37.7 million;
Gross margin improved 2470 basis points to 36.1%;
Total assets at $113.5 million; and
Stockholders' equity at $37.2 million.

Revenue Breakdown:

Transportation and Logistics: $23.2 million
Transportation and Logistics (related party): $11.9 million
Terminaling and Storage: $3.4 million
Terminaling and Storage (related party): $8.3 million
Supply and Trading: $57.6 million.

Management Commentary:

Vivakor Chairman and Chief Executive Officer James Ballengee commented, "2025 was a transformational year for Vivakor, marked by the integration of key midstream assets and the divestiture of non-core operations. We strengthened our balance sheet and sharpened our focus on core infrastructure assets."

Ballengee continued, "We continue to evaluate our portfolio and optimize our operations across our transportation, terminaling, and storage assets. Our priority remains disciplined execution, operational efficiency, and enhancing long-term shareholder value. We are seeing continued activity across key U.S. oil basins, which supports utilization of our integrated infrastructure and positions us to participate in the movement of crude oil and related products across our network. Our supply and trading activities are intended to complement this platform by facilitating volumes across our system."

Financial Results for Twelve Months Ended December 31, 2025:

Revenue for the twelve months ended December 31, 2025, increased $14.6 million, or 16%, to $104.4 million, compared to $89.8 million for the twelve months ended December 31, 2024. The increase in revenue was primarily attributable to a full year of operations from the transportation and logistics segment following the acquisition of the Endeavor Entities on October 1, 2024, as well as the introduction of supply and trading activities during 2025. The Company's transportation and logistics and terminaling and storage segments contributed the majority of the gross profit, reflecting higher-margin, asset-based operations.

Gross profit for the twelve months ended December 31, 2025, increased $26.3 million, or 258%, to $37.7 million, compared to $10.2 million for the twelve months ended December 31, 2024. Gross margin expanded to 36.1%, up from 11.4% in the prior year, driven by a shift in business mix toward higher-margin transportation and logistics activities and improved utilization of the Company's assets.

Operating loss for the twelve months ended December 31, 2025, increased $41.8 million, or 190%, to $63.8 million, compared to $22.0 million for the twelve months ended December 31, 2024. The increase was primarily driven by a $40.6 million non-cash goodwill impairment charge associated with the divestiture of two indirectly wholly owned subsidiaries that were determined to be non-core to the Company's long-term strategic focus.

Net loss for the twelve months ended December 31, 2025, increased $92.3 million, or 400.4%, to $115.3 million, compared to $23.0 million for the twelve months ended December 31, 2024. Net loss per share for the twelve months ended December 31, 2025 was ($318.01), compared to ($151.32) for the twelve months ended December 31, 2024.

About Vivakor, Inc.

Vivakor, Inc. is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services, operating one of the largest fleets of oilfield trucking services in the continental United States. Its corporate mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector. Vivakor's integrated facilities assets provide crude oil and produced water gathering, storage, transportation, reuse, and remediation services under long-term contracts. Once operational, Vivakor's oilfield waste remediation facilities will facilitate the recovery, reuse, and disposal of petroleum byproducts and oilfield waste products.

For more information, please visit our website: http://vivakor.com

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Forward-looking statements may be identified but not limited by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," or "continue" and variations or similar expressions. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including, but not limited to, the expected transaction and ownership structure, the valuation of the transaction, the likelihood and ability of the parties to successfully and timely consummate planned acquisitions, the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect Vivakor or the expected benefits of the such transaction, our ability to maintain the listing of our securities on The Nasdaq Capital Market, the parties failure to realize the anticipated benefits of pending transactions, disruption and volatility in the global currency, capital, and credit markets, changes in federal, local and foreign governmental regulation, changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, and general economic conditions.

These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor's filings with the U.S. Securities and Exchange Commission, which factors may be incorporated herein by reference. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof in the case of information about Vivakor and the Endeavor Entities or the date of such information in the case of information from persons other than Vivakor and the Endeavor Entities, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding the Endeavor Entities industries and markets are based on sources we believe to be reliable; however, there can be no assurance these forecasts and estimates will prove accurate in whole or in part.

Investors Contact:

P:469-480-7175

info@vivakor.com

Vivakor Reports 16% Revenue Growth to $104.4 Million in 2025