NextNRG Announces Estimated 139% Year-over-Year Revenue Growth for February 2025

Following the release of its fourth quarter and full-year 2024 financial results, NextNRG, Inc. (NASDAQ: NXXT)—a pioneer in AI-driven energy innovation, transforming how energy is produced, managed, and delivered through its advanced Utility Operating System, smart microgrid technology, wireless EV charging, and on-demand mobile fuel delivery solutions­—has reported another month of record performance. The company continues to demonstrate momentum across its smart fueling operations and broader platform of next-generation energy solutions.

In February 2025, NextNRG reported unaudited revenue of approximately $5.09 million, a 139 percent increase over February 2024 and a sequential increase from January, despite fewer operating days. Fuel volumes rose to approximately 1.44 million gallons, up 166 percent year-over-year. The performance marks the second consecutive month of record revenue for the company’s EzFill mobile fueling division.

Recently, NextNRG also reported a 20 percent increase in full-year 2024 revenue to $27.8 million, up from $23.2 million in 2023. Gross profit for the year grew 64 percent to $2.3 million. Fourth quarter revenue rose 21 percent year-over-year to $6.9 million, while gross profit nearly doubled to $652,000. Growth was driven by increased fuel volume, higher-margin delivery operations, and improved pricing discipline.

“We believe our back-to-back record months underscore the power of our growing platform and the momentum we’ve built through strategic expansion. The successful integration of the Shell Oil fleet and our long-term agreement with a global e-commerce leader are now fueling real, measurable growth. As we scale with continued discipline, demand from fleet partners continues to rise, validating our model and vision for the future. With EzFill’s on-demand fueling operating efficiently and NextNRG’s smart energy infrastructure, we are positioned to lead the transformation of how energy is delivered in a connected, AI-driven world,” said Michael D. Farkas, founder and CEO of NextNRG.

As the Company looks ahead to the remainder of 2025, it plans to accelerate its expansion across key verticals including mobile fueling, AI-optimized microgrids, and wireless EV charging. New SaaS contracts and infrastructure deployment initiatives are expected to support recurring revenue growth and long-term scalability.

To find out more about NextNRG, read the latest Q&A here.

A conference call to discuss NextNRG’s full-year 2024 results is scheduled for Monday, March 31, 2025, at 4:30 PM ET.

NextNRG, Inc. (NASDAQ: NXXT) is Powering What’s Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging, and on-demand mobile fuel delivery to create an integrated ecosystem.

At the core of NextNRG’s strategy is its Utility Operating System which leverages AI and ML to help make existing utilities’ energy management as efficient as possible; and the deployment of NextNRG Smart Microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency, reduce costs, and improve grid resiliency. These microgrids are designed to serve commercial properties, schools, hospitals, nursing homes, parking garages, rural and tribal lands, recreational facilities, and government properties, expanding energy accessibility while supporting decarbonization initiatives.

NextNRG continues to expand its growing fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility’s fuel division and Shell Oil’s trucks, further solidifying its position as a leader in the on-demand fueling industry. NextNRG is also integrating sustainable energy solutions into its mobile fueling operations. The company hopes to be an integral part of assisting its fleet customers in their transition to EV supporting more efficient fuel delivery while advancing clean energy adoption. The transition process is expected to include the deployment of NextNRG’s innovative wireless EV charging solutions.

To find out more visit: www.nextnrg.com.

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG’s goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as "expect," "intends," "will," and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG’s business and macroeconomic and geopolitical events. These and other risks are described in NextNRG’s filings with the Securities and Exchange Commission from time to time. NextNRG’s forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG’s forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements.

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