Safe and Green Development Corporation Reports Over 3,200% Year-Over-Year Revenue Growth in Q2 2025; Resource Group Integration Positions Company for Accelerated Second-Half Performance

MIAMI, Aug. 18, 2025 (GLOBE NEWSWIRE) — Safe and Green Development Corporation (NASDAQ:SGD) (“SGD” or the “Company”), a real estate development and environmental solutions company, today announced financial results for the three and six months ended June 30, 2025. The Company delivered $1.4 million in Q2 2025 revenue, representing more than 3,200% growth compared to $42 thousand in Q2 2024. This significant year-over-year increase was driven by the acquisition and integration of Resource Group US Holdings LLC (“Resource Group”), which has expanded SGD’s revenue base and positioned the Company for accelerated performance in the second half of 2025. While the Company has announced that it is evaluating a potential cryptocurrency treasury reserve opportunity that, if consummated, would require the divestiture of Resource Group, no letter of intent acceptable to the Company has been received for any such transaction. Resource Group remains a key part of the Company’s core business, and management continues to focus on expanding its customer base, increasing operational efficiency, and diversifying revenue streams.

Second Quarter 2025 Financial and Strategic Highlights:

• Revenue acceleration post-acquisition: Generated $1.4 million of revenue in just one month since the closing of the Resource Group acquisition, with expectations for this pace to continue or expand in the coming quarters.
• Strategic portfolio shift: Exited legacy software and technology operations to focus exclusively on core businesses of real estate and compost/transportation.
• Real estate portfolio optimization: Initiated a reevaluation of the Company’s real estate portfolio, including obtaining appraisals of existing properties, with strategic plans to monetize select assets.
• Leadership enhancements: Restructured the Board of Directors with new members to guide the Company’s strategic direction and growth initiatives.
• Robust Q3 outlook: Management expects approximately $4 million in revenue for Q3 2025, reflecting the first full quarter of operations with Resource Group.
• Integration synergies: Actively integrating operations with Resource Group to unlock additional revenue streams and improve operational efficiencies.

EBITDA and Adjusted EBITDA Reconciliation* (in millions)