ECD Automotive Design Inc. reported third quarter 2025 revenue of $5.8 million, down from $6.4 million in the third quarter of 2024. The company posted a net income of $2.2 million, an increase of $4.8 million from a loss in the prior-year period, primarily due to non-cash fair value adjustments. Adjusted EBITDA was negative $4.7 million, a $4.2 million improvement from the previous year. The company recorded a gross loss of $1.7 million compared to a gross profit of $2.0 million in the same quarter last year, mainly due to non-recurring labor and consumable releases from completing older builds. Operating expenses rose to $3.4 million from $2.6 million, largely due to increased legal fees and lease recognition, resulting in an operating loss of $5.0 million, up $4.4 million from the prior year. Business developments during the period included a new collaborative line with the Chelsea Truck Company for modern Land Rover Defender and INEOS Grenadier builds, and the launch of bespoke Porsche 911 builds through the Boutique Division.