Microvast Holdings, Inc. · NASDAQ:MVST
Microvast — Q2 2025 Earnings Presentation
17 slides from Microvast's earnings presentation, Aug 12, 2025
Slide 1: Microvast Q2 2025
eo one microvast’ Q2 2025
Slide 2: Disclaimer: Forward-Looking Statements
2 Disclaimer Forward-Looking Statements This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about our future results of operations and financial position, our
Slide 3: Microvast Snapshot
3 Click to edit text Microvast Snapshot 18 Years of Innovation in Electrification We strive to be a trusted global leader in sustainable energy technologies and solutions. We aspire to be the company with continued groundbreaking battery innovation across the technology stack. We aim to become a ste
Slide 4: Q2 Overview: Realizing Results
4 Q2 Overview Realizing Results Q2 Revenue Q2 Gross Profit & Gross Margin Consistent Revenue Growth – a strong indicator of market demand for our high-performance products. Gross Profit Trend – our gross profit has continuously improved as we progress towards maturity within our industry, with a
Slide 5: Business Strategy: Innovate, Capture, Expand
5 Innovate: Future Focus Capture: Significant Market Share Expand: Supporting Growth Remain focused on product innovations and exciting upcoming R&D developments. Win entry into new segments with new high- performance products and diversify revenue streams through products and services that supp
Slide 6: Phase 3.2 Update: Capacity Expansion
6 Phase 3.2 Update Capacity Expansion Expanding our Huzhou facility with Phase 3.2 will allow us to deliver more products to more customers: Expansion is well under way – installation completion is expected by year-end, with initial production to follow. Clean rooms completed. Utility equipmen
Slide 7: All-Solid-State Battery Milestones
7 All-Solid-State Battery Milestones Pioneering Multi-Layer Bipolar Integration 5-Layer Cell: Stable Cycling with High Efficiency Cycling tests at 1C demonstrated a high coulombic efficiency of 99.89%. This indicates robust interfacial integrity and minimal energy loss during charge transfer, which
Slide 8: Advancing ASSB Technology: Key Milestones & Market Impact
8 Advancing ASSB Technology Key Milestones & Market Impact Endurance & Integration 5-Layer Cell: Stable Cycling with High Efficiency Building on the results demonstrated in Q1, our proprietary 5-layer solid-state cell has completed over 300 full charge-discharge cycles at 1C, while maintaining >99
Slide 9: Q2 2025 Financials
eo one microvast’ Q2 2025 FINANCIALS
Slide 10: Q2 2025 P&L
10 Q2 2025 P&L ($ in thousands) Six-Months Ended June 30Three-Months Ended June 30 GAAP Income Statement 2024202520242025 165,026207,83083,67591,339Revenue (120,606)(133,091)(56,480)(59,616)Cost of revenues 44,42074,73927,19531,723Gross Profit 26.9%36.0%32.5%34.7%Gross Margin (47,305)(14,450)(23,511
Slide 11: Q2 2025 Revenue by Region
11 Q2 2025 Revenue by Region ($ in thousands) Three-Months Ended June 30Revenue by region Y/Y %20242025 34%35,65347,658APAC -17%46,74538,885EMEA 276%1,2774,796USA 9%83,67591,339Total Three-Months Ended June 30 Six-Months Ended June 30Revenue by region Y/Y %20242025 13%86,13997,709APAC 31%75,66698,93
Slide 12: Cash Flow Statement
12 Cash Flow Statement ($ in thousands) Operating Cash Flow Net loss for the six-month period was primarily offset by a $7.1 million decrease in inventory, non-cash adjustments of $16.5 million in D&A and $78.4 million from changes in fair value of warrant liability and convertible loan. Decreas
Slide 13: Outlook
eo one microvast’ OUTLOOK
Slide 14: 2025 Outlook
14 Global Maintain revenue growth and margin profile as catalysts to achieve improved liquidity and profitability. 2025 Outlook $450-475M Revenue Guidance 18-25% Target Revenue Growth APAC 30% 32% Updated Target Gross Margin Targeting Phase 3.2 completion by Q4, followed by initial production. Progr
Slide 15: Appendix
eo one microvast’ APPENDIX
Slide 16: Non-GAAP Reconciliations
16 Non-GAAP Reconciliations ($ in thousands) Six-Months Ended June 30Three-Months Ended June 30 2024202520242025 165,026207,83083,67591,339Revenues (120,606)(133,091)(56,480)(59,616)Cost of revenues 44,42074,73927,19531,723Gross profit (GAAP) 26.9%36.0%32.5%34.7%Gross margin 2,6191241,48162Non-cash
Slide 17: Non-GAAP Reconciliations
17 Non-GAAP Reconciliations ($ in thousands) Six-Months Ended June 30Three-Months Ended June 30 2024202520242025 (126,381)(44,268)(101,556)(106,058)Net profit/loss (GAAP) 1,52678,3611,568121,521Changes in fair value of warrant and convertible loan* 23,9971,54912,130846Non-cash settled share-based co