Taiwan's Gogoro Q4 revenue rises on subscriber growth

Reuters
Feb 12
Taiwan's <a href="https://laohu8.com/S/GGR">Gogoro</a> Q4 revenue rises on subscriber growth 

Overview

  • Battery swapping leader's Q4 revenue rose 1.7% yr/yr

  • Full year revenue fell 9.4% yr/yr, within guided range

  • Adjusted EBITDA for 2025 reached a record $59.9 mln

Outlook

  • Gogoro expects 2026 revenue between $285 mln and $305 mln

  • Company anticipates non-IFRS profitability in battery-swapping business by 2026

  • Gogoro plans hardware sales to reach non-IFRS profitability by 2028

Result Drivers

  • CHALLENGING MARKET - Taiwan's two-wheeler market remained soft due to macroeconomic uncertainty, yet Gogoro maintained strong non-IFRS profitability

  • ENERGY BUSINESS - Progress towards profitability with subscriber growth and new rate plans, enhancing operating leverage

  • PRODUCT PORTFOLIO - Streamlined product portfolio with plans to introduce new models in 2026, aiming for unit growth and margin improvement

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Operating Revenue

$74.40 mln

Q4 EPS

-$1.41

Q4 Net Income

-$20.77 mln

Q4 Gross Profit

$10.61 mln

Q4 Income from Operations

-$20.19 mln

Q4 Operating Expenses

$30.81 mln

Analyst Coverage

  • The one available analyst rating on the shares is "hold"

  • The average consensus recommendation for the recreational products peer group is "hold"

Press Release: ID:nPn1knh6ma

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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