Welcome to our dedicated page for South Dakta Sybn SEC filings (Ticker: SDSYA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings page for SOUTH DAK SOY UNIT CL A (SDSYA) provides access to regulatory documents associated with South Dakota Soybean Processors, LLC, the registrant named in the company’s Form 8-K. These filings offer insight into material agreements, financial obligations, and other reportable events that affect the entity connected to SDSYA units.
In the supplied Form 8-K, South Dakota Soybean Processors, LLC discloses an Amended and Restated Credit Agreement with CoBank, ACB. The filing explains that this agreement amends and restates a prior Credit Agreement, adjusts the principal available under a seasonal loan, extends the loan’s maturity date, and revises the company’s unconsolidated working capital requirement. It also notes that all other material items and conditions under the earlier agreement and its amendments remain the same.
Item 2.03 of the same Form 8-K describes the creation of a direct financial obligation under the Restated Credit Agreement. This illustrates how SEC filings for SDSYA’s underlying entity can detail borrowing arrangements and key financial terms that are important to unit holders and other market participants.
On Stock Titan, these filings are updated from EDGAR and paired with AI-powered summaries that explain the core points of each document in plain language. Users can review current reports such as Form 8-K and, when available, periodic reports that include exhibits like the full Restated Credit Agreement. This helps readers understand how South Dakota Soybean Processors, LLC structures its credit facilities and discloses material financing changes related to SOUTH DAK SOY UNIT CL A.
South Dakota Soybean Processors, LLC reported 2025 net income of $17.7 million, down from $20.3 million in 2024, on revenue of $503.8 million versus $554.4 million. Gross margin narrowed as soybean meal and oil prices fell despite higher crush volumes.
The company completed its new Mitchell, South Dakota processing and refining facility on time and within budget in late 2025, nearly doubling total production capacity. Capital expenditures reached $202.2 million, largely for this project, funded by increased CoBank borrowings.
Working capital was $25.4 million at year-end. Long-term debt obligations total $310.2 million, and several revolving and term facilities provide additional liquidity. The company distributed $7.6 million in cash (25.0¢ per unit) to members in 2025 and had 30,411,500 Class A capital units outstanding.
South Dakota Soybean Processors, LLC reported unaudited 2025 results that finished close to its internal forecast, delivering what it calls solid returns. Revenue for the year was $503,815,120, generating gross profit of $24,698,076 and net income attributable to the company of $17,735,646, or $0.58 per capital unit on 30,411,500 units.
Total assets as of December 31, 2025 were $842,782,234, with members’ equity of $341,227,011. The new High Plains Processing plant began soybean crushing in October and refining in November and is progressing toward full-capacity operations. In 2025 the subsidiary used bonus depreciation, creating a sizable tax loss allocated to members, which management notes is a timing difference that does not affect operating performance or cash.
South Dakota Soybean Processors, LLC updated its agreement with Chief Executive Officer Thomas J. Kersting. The new Amended and Restated Employment Agreement replaces his prior contract dated January 1, 2023, but keeps all terms the same except for base salary.
Under the amended agreement, Mr. Kersting’s base salary will increase to $440,000 for the years ended December 31, 2026 and 2027. The full details of his employment terms are set out in the Amended Agreement, which is included as Exhibit 10.1 and incorporated by reference.
South Dakota Soybean Processors, LLC approved and declared a cash distribution of $0.28 per outstanding capital unit, for a total distribution of approximately $8.5 million. This payment is expected to be made to members on February 12, 2026, providing immediate cash returns to unit holders.
South Dakota Soybean Processors, LLC entered into an Amended and Restated Credit Agreement with its lender, CoBank, ACB, replacing its prior credit agreement dated March 17, 2025. Under the new terms, the principal available under the company’s seasonal loan decreases from $70 million to $20 million, while the maturity date is extended to December 1, 2026. The agreement also lowers the company’s unconsolidated working capital requirement from $14 million to $10 million, easing this financial covenant. All other material terms from the prior credit agreement and its amendments remain in place, and the full Restated Credit Agreement will be included as an exhibit in the company’s next periodic report.
South Dakota Soybean Processors (SDSYA) filed its Q3 2025 10‑Q, reporting stronger profitability. Q3 revenue was $129,821,885 and gross profit rose to $13,785,851, driving net income attributable to the Company to $10,753,809 ($0.35 per unit), up from $23,390 a year ago, aided by an $8.3 million gain on derivative activities.
For the nine months, revenue was $358,375,928 with net income attributable to the Company of $14,153,735. Operating cash flow was $(17,116,213), reflecting inventory builds and lower customer prepayments, while capital expenditures were $158,386,882 as the Mitchell, SD plant neared completion. Long‑term debt, net, was $216,268,394, including $171,255,552 outstanding on a delayed‑draw term loan. Working capital was about $34.2 million.
The Mitchell facility is substantially complete and entered operational testing; first soybeans were processed in October 2025, with contributions expected in Q4. There were 30,411,500 capital units outstanding as of November 12, 2025.