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.)