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Revenues were $3.5 million, compared to approximately $81 thousand in Q3 2024 — an increase of over 4,200% year-over-year By Transforming Waste into Value, SGD is Creating Pathways for Meaningful Shareholder Growth!
What began as a real estate company has evolved into a powerhouse of sustainability innovation, giving SGD a unique edge in combining property development with green growth opportunities.
Safe and Green Development Corporation Achieves Strategic Milestone with Acquisition of Resource Group —- On a pro forma basis, the combined entity is projecting ~$25 million in annualized revenue for 2025
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Pull up SGD right away.
Formed in 2021, Safe & Green Development Corp. originally focused on modular real estate development — building sustainable, cost-efficient housing through prefabricated wood and steel modules. Now, with the integration of Resource Group, SGD stands at the crossroads of sustainable infrastructure, environmental technology, and AI-powered platforms.
Its subsidiary Majestic World Holdings LLC operates a prop-tech platform that uses artificial intelligence to decentralize the real estate marketplace — connecting banks, builders, agents, clients, and vendors in one seamless, digital ecosystem.
Meanwhile, MyVONIA Innovations LLC enhances SGD’s technology portfolio with an AI-powered personal assistant designed to streamline productivity for individuals and businesses. Together, these assets reinforce SGD’s diversified footprint — blending physical sustainability with digital intelligence.
SGD is bridging the gap between real-world infrastructure and next-generation AI innovation.
This isn’t your typical real estate company — SGD is redefining the industry by combining innovative property development with high-impact sustainability, creating a powerful engine for both growth and green revenue!
SGD’s story now blends two powerful sectors: real estate development and the green-economy infrastructure boom.
Its composting and engineered-soils operations align with growing state-level mandates for organic waste recycling and carbon-reduction goals, while its property portfolio offers built-in asset value.
With triple-digit growth, tangible assets, and operational diversification, Safe & Green Development Corporation has quietly evolved from a microcap curiosity into a company with legitimate long-term potential.
From Dormant to Dominant: A 4,200% Revenue Surge
The headline numbers speak volumes.
In its most recent quarter, SGD reported over $3.5 million in revenue, up a staggering 4,200% year-over-year, compared with just $81,000 in the same quarter a year prior.
That growth was driven by SGD’s acquisition of Resource Group US Holdings LLC (RGUS) a thriving operator in the organics, composting, and logistics sectors. The integration immediately gave SGD a recurring-revenue business model and a clear path toward scale.
On a pro forma basis, the combined entity is projecting ~$25 million in annualized revenue for 2025.
The Power of SURGRO™ and the Closed-Loop Solutions
At the heart of Resource Group’s value proposition is SURGRO™, a proprietary, low-carbon engineered soil substrate that’s reshaping how industries approach horticulture and land management.
Developed through advanced kinetic-convection grinding and micronization technology licensed from Microtec, SURGRO™ converts organic biomass into biologically active, high-performance soil alternatives.
The result is a powerful solution for professional horticulture, soil restoration, golf courses, municipalities, and sustainable infrastructure projects — all designed to meet the world’s accelerating shift away from peat and synthetic materials.
By delivering closed-loop, zero-landfill organic recycling, Resource Group US brings environmental credibility and recurring revenue potential to SGD’s growing portfolio.
At its core, SURGRO™ represents both a technological and market breakthrough.
The combination of performance, sustainability, and operational efficiency positions SURGRO™ in a niche but growing market that’s ready for premium, science-backed soil products.
It addresses a critical global need: replacing environmentally harmful peat- and synthetic-based soils with a sustainable, high-performance alternative. This positions SGD at the forefront of a rapidly growing, regulation-driven market where municipalities, landscapers, and institutions are actively seeking eco-friendly solutions.
The advanced processing technology — kinetic-convection grinding and micronization — gives SURGRO™ a scientific edge, creating a product that is biologically active and highly effective for professional applications. This isn’t just “green marketing”; it’s a product that delivers tangible results and operational benefits for clients, while also enabling closed-loop, zero-landfill operations.
For investors, the significance is twofold:
Revenue Potential — SURGRO™ opens new, recurring revenue streams across multiple sectors, including horticulture, golf courses, landscaping, and municipal projects.
Sustainability Credibility — With ESG standards and environmental regulations tightening globally, SGD gains both market credibility and a competitive edge as a company that delivers measurable sustainability impact.
In short, this positions SGD at the intersection of profitability, innovation, and environmental responsibility, turning sustainability into a tangible financial opportunity — a combination that few traditional real estate or development companies can claim.
Recurring Revenue Potential
SURGRO™ could translate into revenue for SGD in several ways:
- Recurring Contracts – By serving municipalities, golf courses, landscapers, and institutional land managers, Resource Group US can secure ongoing contracts for organic waste collection, compost supply, and engineered soil products. Recurring agreements provide predictable, steady cash flow.
- Premium Products – Their proprietary solutions, like SURGRO™, offer high-performance, sustainable alternatives to traditional soil and mulch. These premium products can command higher prices than conventional offerings.
- Diversified Customer Base – Serving multiple sectors reduces dependency on any single market, making revenue streams more stable and scalable.
- Operational Integration – Vertical integration — from waste collection to product distribution — reduces costs and increases margins, improving profitability.
- Regulatory Tailwinds – As governments push for sustainability and zero-landfill policies, demand for Resource Group US’s services and products is likely to increase, driving future growth.
SGD isn’t just “going green” — it’s creating a business model where sustainability directly generates recurring revenue, higher-margin products, and long-term growth potential.
Expansion into High-Value Sustainable Soil Products
Through its wholly owned subsidiary, Resource Group US Holdings LLC, SGD is expanding into the production of high-value potting media and soil substrates through the implementation of advanced milling technology.
Leveraging Resource’s exclusive license to utilize Microtec milling technology—a German-engineered system with over 90 global installations—Resource is poised to move beyond commodity compost and enter higher-margin markets.
The company is launching a suite of sustainable soil products under the “Renewable Earth™” brand.
By converting woody and vegetative waste into finely milled potting media and substrates, Resource could access markets where product pricing may reach approximately $150 per ton, potentially up to five times the value of traditional compost offerings!
The market for high-value sustainable soil products and potting media is growing rapidly, driven by increasing demand in horticulture, agriculture, landscaping, and consumer gardening sectors. Traditional peat and coir-based products face sustainability and supply constraints, creating opportunities for environmentally friendly alternatives like finely milled, nutrient-rich substrates.
“This product represents a potential fundamental revaluation of organic waste as a resource,” said Tony Cialone, CEO of Resource Group. “We’re not just managing green waste—we’re engineering premium, sustainable products that reduce reliance on environmentally harmful peat and imported coir while creating circular economic value.”
“As we integrate Resource’s proven logistics, proprietary processing capabilities, and deep regional market knowledge, we intend to unlock a scalable, environmentally responsible business model with attractive margins and robust growth potential,” said David Villarreal, CEO of Safe and Green Development Corporation.
“We believe Resource is positioned to lead the next generation of sustainable soil solutions supporting horticulture, agriculture, and consumer landscaping sectors with products designed for performance, sustainability, and impact.”
The Company expects to finalize the delivery and installation of the Microtec mill in the third quarter, marking a critical milestone in the commercialization of its Renewable Earth™ product line.
The Resource Group Acquisition: Real Assets, Real Operations
Unlike many small-cap pivots that rely on speculative promises, SGD’s acquisition of RGUS added tangible operations and infrastructure.
The deal brought in:
- A fully permitted composting facility
- Two green-waste aggregation sites
- A transportation fleet for organics and environmental materials
- An experienced management team and operating staff
According to unaudited 2024 figures, RGUS generated $18.75 million in revenue and $9.4 million in gross profit, while trimming its net loss to under $1 million — down from $6.2 million the prior year.
These are real numbers from a real business, now sitting inside SGD’s corporate structure.
Real Estate: A Hidden Value Layer
SGD hasn’t abandoned its roots. Its development arm remains a valuable source of optionality and capital.
The company holds multiple parcels of land, including sites in Lago Vista, Texas and Durant, Oklahoma, collectively appraised at approximately $9.9 million.
In recent months, SGD:
- Sold its St. Mary’s property for $1.4 million
- Entered a contract to sell Lago Vista for $6.575 million
- Closed 22 lots in a South Texas joint-venture project
These transactions inject liquidity and demonstrate that SGD’s real-estate portfolio isn’t just sitting on the books, it’s active, monetizeable, and capable of funding future expansion.
Cleaning House: Strategic Resets Paying Off
While SGD posted a GAAP net loss of $5.72 million in Q2 2025, most of that was due to one-time items — including impairment charges and bad-debt write-offs tied to legacy operations.
The adjusted EBITDA loss was just $634,000, reflecting a company still investing heavily in growth but beginning to normalize its cost structure.
SGD also restructured its board of directors, adding three new members from RGUS to ensure operational continuity and accountability. The integration of management across both sides has been deliberate — and it’s beginning to show in the financials.
Why This Turnaround Looks Different and what separates SGD from the rest:
- Actual operating business: The acquisition brought immediate revenue and tangible assets.
- Vertical integration: SGD now owns the full cycle — collection, processing, and distribution, giving it control over margins.
- Real estate leverage: The company can unlock liquidity through land sales or development while scaling its environmental arm.
- Improving profitability trajectory: RGUS’s sharply reduced losses point toward operating leverage.
- Aligned incentives: RGUS shareholders received stock and board seats, ensuring both sides benefit from long-term success.
In short: this is no longer a speculative “pivot” it’s a genuine transformation with evidence in the numbers.
MAJOR CATALYSTS
- Strategic Growth Catalyst: SGD has completed the acquisition of Resource Group US Holdings LLC, a next-generation environmental solutions company that transforms organic waste into engineered soil and mulch products — a move that instantly realigns the company toward revenue-generating operations.
- Revenue and Impact: The deal gives SGD a fully operational, vertically integrated platform that includes a permitted composting facility, two aggregation sites, and a transportation fleet — delivering immediate business value and environmental impact.
- Breakthrough Innovation: Resource Group’s SURGRO™ is a proprietary low-carbon engineered substrate that replaces peat and synthetic horticultural mixes — addressing massive demand in sustainable infrastructure, horticulture, and soil restoration markets.
- Sustainability and Regulation Tailwinds: As “peat-free” regulations tighten across industries, SURGRO™’s sustainable model offers compliance-ready solutions for municipalities, landscapers, and developers.
- Visionary Leadership: CEO David Villarreal has positioned SGD to scale operational revenue, accelerate growth, and create long-term shareholder value.
- Strategic Realignment Underway: The combined entity is in the process of rebranding, signaling a unified market identity and enhanced investor visibility in the sustainability sector.
- Strengthening the Balance Sheet and Funding Growth: The company has made significant strides in fortifying its financial foundation while fueling its transformation into a multi-sector sustainability powerhouse.
- $9 Million PIPE Financing: In October 2025, SGD completed a private investment in public equity (PIPE), raising approximately $9 million in gross proceeds. This capital infusion will accelerate operational expansion at Resource Group, including new processing equipment, increased material throughput, and additional revenue channels. A portion of the proceeds is also earmarked for strategic investments, acquisitions, and working capital, enabling the company to scale its high-margin environmental solutions while continuing to diversify beyond traditional real estate operations.
- Retirement of Convertible Debt: Just two weeks later, SGD announced the full satisfaction and retirement of all outstanding convertible debt, eliminating a major financial obligation and strengthening the balance sheet. This milestone enhances financial flexibility, allowing management to invest in growth initiatives without the burden of interest payments or debt covenants. CEO David Villarreal emphasized that this achievement supports SGD’s long-term goal of building sustainable shareholder value while accelerating the company’s operational momentum.
Safe and Green Development Corporation Announces 4,200% Year-Over-Year Revenue Growth in Q3 2025 and Strong Momentum Into Fourth Quarter
MIAMI, Nov. 14, 2025 (GLOBE NEWSWIRE) — Safe and Green Development Corporation (NASDAQ: SGD) (“SGD,” the “Company,” or “Safe and Green Development”) today announced financial results for the three and nine months ended September 30, 2025, highlighted by record quarterly revenue growth, margin expansion, and continued operational momentum across engineered soils, and logistics divisions.
The Company delivered a strong third quarter, achieving record revenue as growth accelerated across its engineered soils, and logistics, divisions. Performance improved across various business lines supported by higher volumes, stronger logistics activity, and continued scaling of soils operations. New equipment delivered to the Company’s Florida site subsequent to the end of the quarter is now operational and is expected to drive increased throughput and improved efficiency ahead of the arrival of additional capacity.
A major milestone this quarter was the full purchase of the Company’s new Microtec milling system, which is scheduled to arrive in the fourth quarter. The Microtec mill will enable the Company to begin producing and selling high-margin growing media, a key strategic advancement that opens a significant new revenue opportunity and is expected to meaningfully enhance profitability. Expanding into value-added soil products marks one of the most important growth steps in the Company’s history.
While certain integration expenses are expected to continue through the fourth quarter, the Company anticipates a streamlined operating structure by early 2026. With new equipment already boosting production and the Microtec mill set to further expand output and product offerings, the Company believes it is well positioned for continued revenue expansion and improved margins entering the new year.
THIRD QUARTER 2025 HIGHLIGHTS (UNAUDITED)
- Revenue: $3.5 million, compared to approximately $81 thousand in Q3 2024 — an increase of over 4,200% year-over-year.
- Gross Profit: $0.9 million, up from $81 thousand in Q3 2024.
- Gross Margin: Approximately 26%, up from ~23% in Q2 2025, reflecting higher utilization and operational efficiencies across logistics and soils operations.
- Net Loss: $(4.35) million, compared to $(2.34) million in Q3 2024, driven primarily by increased operating costs related to the acquisition, interest expense as described below and certain non-recurring expenses related to the acquisition.
- Interest Expense: $2.0 million, including approximately $0.8 million in non-cash debt discount.
- Operating Loss: $(2.33) million.
NINE-MONTH 2025 RESULTS
Total revenue for the nine months ended September 30, 2025 increased to $4.9 million, up from $0.2 million in the prior-year period — representing year-over-year growth of more than 2,300%. The nine-month net loss was $(12.3) million versus $(7.4) million in 2024. Results include non-cash impairment and bad debt charges disclosed in Q2, which are not expected to recur. Depreciation and amortization totaled approximately $0.6 million.
Safe and Green Development Corporation Secures New Purchase Orders From Large Agricultural Inputs Distributor
MIAMI, FL, Nov. 25, 2025 (GLOBE NEWSWIRE) — Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco,” the “Company,” or “Safe and Green Development”) today announced that a new customer, and a large U.S. distributor of branded chemistry products serving specialty agriculture markets has issued multiple purchase orders for wood fines produced at the Company’s Myakka, Florida site.
Based on current weekly volumes at the Myakka site, this equates to approximately $9,000 per week, and the Company expects orders to continue at this rate based on stated demand needs from the customer. The material is produced through the Company’s high-capacity Diamond Z grinder system, which processes incoming organic materials into various grades suitable for commercial applications including commercial soils and specialty horticultural products. The resulting material stream is screened to meet the customer’s specifications, allowing the Company to recycle 100% of the inbound feedstock.
This purchase order expands the Myakka site’s customer base and supports the Company’s strategy to scale its engineered soils and organics recycling operations across key agricultural and turf markets. Engagements with established industry operators strengthen volume consistency, improve site throughput, and enhance operational efficiency.
“We continue to see strong interest in high-quality organic inputs from customers across agriculture, turf management, and specialty horticulture,” said David Villarreal, CEO of Safe and Green Development. “This new customer is a respected national provider with significant industry reach, and we are pleased to support their supply chain with material sourced from our Myakka operations.”
Additional customer expansion opportunities are being evaluated as the Company increases capacity at the Myakka site and advances its broader engineered soils strategy across Florida.
About Safe and Green Development Corporation
Safe and Green Development Corporation is a real estate development and environmental solutions company. Formed in 2021 as Safe and Green Development Corporation, the Company focuses primarily on the direct acquisition and indirect investment in properties across the United States that are intended for future development into green single-family or multifamily housing projects.
The Company wholly owns Resource Group US Holdings LLC, an environmental and logistics subsidiary operating a permitted 80+ acre organics processing facility in Florida. Resource processes source-separated green waste and is expanding into the production of sustainable, high-margin potting media and soil substrates through advanced milling technology. Its operations also include a logistics platform that provides transportation services across biomass, solid waste, and recyclable materials, supporting both in-house and third-party infrastructure needs.
NEWS
Nov 25, 2025
Nov 14, 2025
Safe and Green Development Corporation Announces Satisfaction of All Outstanding Convertible Debt
Oct 30, 2025
Oct 22, 2025
Safe and Green Development Corporation Announces $9.0 Million Private Placement
Oct 16, 2025
Aug 18, 2025
Safe and Green Development Announces Two Sites Appraised at $9.9 Million
Jul 1, 2025
Jun 20, 2025
Safe and Green Development Announces Strategic Plan to Unlock Shareholder Value Post-Acquisition
Jun 11, 2025
Jun 3, 2025
Safe and Green Development Corporation Releases Letter to Shareholders
May 2, 2025
Safe and Green Development Corporation Reports 2024 Year-End Highlights
Apr 1, 2025
Safe and Green Development Corporation Releases Unaudited Financial Information for Resource Group
Mar 21, 2025
Mar 12, 2025
Safe and Green Development Corporation Declares Stock Dividend for Shareholders
Mar 10, 2025
Mar 5, 2025
Feb 26, 2025
Feb 14, 2025
Feb 13, 2025
Feb 4, 2025
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