NEXTracker Inc. has reported its financial results for the fiscal year ended March 31, 2025. The company recorded an adjusted gross profit of $1.023 billion, an increase from $702.7 million in 2024 and $300 million in 2023. Adjusted operating income rose to $768.9 million from $522.8 million in 2024 and $203.1 million in the previous year. Adjusted net income stood at $630.6 million, up from $451.4 million in the prior year and $153.1 million in 2023. The adjusted gross margin improved to 34.6% from 28.1% in 2024 and 15.8% in 2023, while the adjusted net income margin increased to 21.3% from 18.1% and 8.0% in the previous two years, respectively. Adjusted EBITDA also saw an upward trend, reaching $776.5 million compared to $521.5 million in 2024 and $209 million in 2023, with an adjusted EBITDA margin of 26.2%, up from 20.9% and 11.0%. The company's net income and comprehensive income were reported as $517.2 million, rising from $496.2 million in the previous year and $121.3 million in 2023. The results also reflect that Flex completed the spin-off of all its remaining interests in Nextracker shares as of January 2, 2024.
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