Business
Electrovaya Reports Fiscal Year 2025 Results
First Profitable Year Achieved with Record Revenue of $63.8M up 43% YoY; Adjusted EBITDA 1 of $...
About this update from Electrovaya Inc.
[{"type":"text","content":"Electrovaya Reports Fiscal Year 2025 Results First Profitable Year Achieved with Record Revenue of $63.8M up 43% YoY; Adjusted EBITDA 1 of $8.8M, Up 115% YoY, and Net Profit of $3.3M ($0.09/share)Strengthened Balance Sheet Through Strong Operational Performance, Equity Issuances and Expanded Financial Flexibility via new $25M BMO and $51M EXIM FacilitiesNew Product Launches in Robotics, GSE and Energy Storage; Jamestown Manufacturing Buildout Advancing; Commercial Shipments Expanding TORONTO, ON / ACCESS Newswire / December 10, 2025 / Electrovaya Inc. (\"Electrovaya\" or the \"Company\") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the fourth quarter and fiscal year ended September 30, 2025 (\"Q4 2025\" & \"FY 2025\", respectively). All dollar amounts are in U.S. dollars unless otherwise noted. Financial Highlights:Revenue for FY 2025 was $63.8 million, compared to $44.6 million in the fiscal year ended September 30, 2024 (\"FY 2024\"). An increase of $19.2 million or 43% year over year.Revenue for Q4 2025 was $20.5 million compared to $11.6 million in Q4 2024, an increase of $8.9 million or 77.5%.Gross margin was 30.8% in FY 2025, remaining in line with FY 2024. Battery system margins remained strong at 30.9% for the fiscal year.Adjusted EBITDA1 was $8.8 million, a significant improvement of $4.7 million compared to $4.1 million in FY 2024, an increase of $4.7 million or 115%. Q4 2024 was the Company's tenth consecutive quarter of positive Adjusted EBITDA1.Net profit was $3.3 million for FY 2025, compared to a net loss of $1.5 million for FY 2024, an increase of $4.9 million. Earnings per share was $0.09 for FY 2025 compared to $(0.04) for FY 2024.The Company generated positive cash from operations of $1.7 million for FY 2025, compared to cash generated from operations of $1.0 million in FY 2024. Cash generated from operating activities before net changes in working capital was $8.8 million for FY2025 compared to $3.3 million for FY 2024. A significant improvement in operating cash flow of $5.5 million.The closing cash balance for FY 2025 was $6.4 million (non restricted) compared to $0.8 million for FY 2024, a significant increase of $5.6 million. Subsequent to the year end, the Company raised $28.1 million before fees, as a result of ...