Rentech (RTK) 8-K Other Events

Exhibit 99.1

Pro Forma Combined(a)

(unaudited)

	12 Months Ended September 30, 2005			3 Months Ended December 31, 2005			12 Months Ended December 31, 2005
	(unaudited) (thousands, except per share amounts)
Statement of Operations Data:
Net sales	$	126,721		$	33,238		$	127,097
Cost of sales	110,369			32,749			115,583
Gross profit	16,352			489			11,514
Operating expenses:
General and administrative expenses	13,473			5,064			16,591
Depreciation and amortization	436			134			464
Research and development	496			1,280			1,608
Total operating expenses	14,405			6,478			18,663
Operating income (loss)	1,947			(5,989		)	(7,149		)
Non-operating items	6,159			624			5,329
Net loss from continuing operations before taxes	(4,212		)	(6,613		)	(12,478		)
Income tax expense	(61		)	—			(61		)
Net loss from continuing operations	(4,273		)	(6,613		)	(12,539		)
Deemed dividend related to beneficial conversion feature and warrants	(9,000		)	—			(9,000		)
Cash dividends paid to preferred stockholders	(341		)	(74		)	(416		)
Net loss from continuing operations applicable to common stockholders	$	(13,614	)	$	(6,687	)	$	(21,955	)
Basic and diluted loss from continuing operations per common share, including dividends	$	(0.13	)	$	(0.05	)	$	(0.17	)
Basic and diluted weighted-average number of common shares outstanding	105,419			125,974			125,974
Other Data:
Cash							$	49,076
Working capital							65,664
Total assets							142,030
Total debt							53,732		(b)
Total stockholders’ equity							83,299

(a)See “Unaudited Condensed Pro Forma Combined Financial Statements” for a full presentation of the underlying pro forma financial statements and related assumptions, adjustments and basis of presentation.

(b)Net of unamortized debt issuance costs of $394,000.