Eco Wave Power reported FY 2025 revenue of USD 38 thousand, down 77%, from services provided for a feasibility study in South Africa. FY 2025 net loss widened 77% to USD 3.72 million, while operating loss increased 28% to USD 3.13 million, primarily due to higher operating expenses. Research and development expenses rose 37% to USD 0.73 million, mainly driven by higher R&D spending in Israel, Portugal and Los Angeles. Sales and marketing expenses increased 36% to USD 0.41 million, mainly due to new hiring in the U.S. subsidiary and marketing tied to the U.S. pilot station opening in the Port of Los Angeles. Eco Wave Power said it ended FY 2025 with USD 6.3 million in cash, cash equivalents and short-term bank deposits, and expects existing cash to fund operations for at least the next 12 months.

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