Financial Data and Key Metrics Changes - Gogoro achieved a record-high full-year adjusted EBITDA of $59.9 million, up from $44.7 million in 2024 [4] - Operating cash flow increased more than three times year-over-year to $31.1 million [5] - Gross margin improved to 8.3%, up from 2.6% in 2024, while non-IFRS margin reached 19.5%, up from 14.9% [5][20] - For the full year 2025, total revenue was $281.5 million, a 9.4% decline year-over-year [16][18] - Net loss narrowed to $80.8 million, down from $122.8 million in the previous year [20][21] Business Line Data and Key Metrics Changes - Battery swapping revenue grew 8.1% to $149 million, demonstrating the strength of the subscription model [18] - Hardware revenue was $132.5 million, down 23.3% due to a substantial drop in vehicle sales [18][19] - Vehicle volumes reflected a strategic tightening, with Gogoro accounting for 28,176 units, or 57% of all electric vehicles [15] Market Data and Key Metrics Changes - The Taiwan scooter market declined for the second consecutive year to 708,392 units, down 5.9% year-over-year [14] - Gogoro maintained leadership in the electric scooter segment, accounting for 68% of the overall electric two-wheeler market [15] Company Strategy and Development Direction - The company focused on operational efficiency and sustainability, prioritizing long-term goals over short-term results [4] - Plans for 2026 include launching new products and expanding the battery swapping network [9][10] - The strategy emphasizes value creation in both energy and vehicle businesses, with a focus on high-value segments [9][11] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2025 but emphasized the importance of establishing a solid foundation for future growth [4][13] - The company expects new products and operational leverage to drive continued cash flow and set the path towards profitability in 2026 [16][23] - Management is confident in achieving profitability in the energy business by the end of 2026 [32] Other Important Information - The company secured an $80 million equity investment commitment for 2026 from its largest shareholder [22] - A new scooter model specifically engineered for durability and performance is set to launch in Vietnam [12] Q&A Session Summary Question: How should we think about your strategy for the scooter business, which appears to be underperforming? - Management emphasized the need for stabilization and execution, focusing on selective models and aligning investments with returns [25][26] Question: Can you sustain the level of OpEx savings, and can we expect ongoing improvements in gross margin? - Management acknowledged the hard work on cost savings in 2025 but indicated that replicating the same level of savings in 2026 would be challenging [27][28]

Financial Data and Key Metrics Changes - In 2025, Gogoro achieved a record-high full-year adjusted EBITDA of $59.9 million, up from $44.7 million in 2024 [4] - Operating cash flow increased more than three times year-over-year to $31.1 million [5] - Gross margin improved to 8.3%, up from 2.6% in 2024, while non-IFRS margin reached 19.5%, up from 14.9% [5][20] - For the full year 2025, total revenue was $281.5 million, a 9.4% decline year-over-year [16][18] - Net loss narrowed to $80.8 million, down from $122.8 million in the previous year [20][21] Business Line Data and Key Metrics Changes - Battery swapping revenue grew 8.1% to $149 million, demonstrating the strength of the subscription model [18] - Hardware revenue was $132.5 million, down 23.3% due to a significant drop in vehicle sales [18] - Vehicle volumes reflected a strategic tightening, with Gogoro accounting for 28,176 units, or 57% of all electric vehicles [14] Market Data and Key Metrics Changes - The Taiwan scooter market declined for the second consecutive year to 708,392 units, down 5.9% year-over-year [14] - Despite the market decline, Gogoro maintained leadership in the electric scooter segment, accounting for 68% of the overall electric two-wheeler market [14] Company Strategy and Development Direction - The company focused on operational efficiency and sustainability over short-term results, establishing a foundation for future growth [4] - In 2026, Gogoro plans to pursue value creation in both energy and vehicle businesses, with an emphasis on high-value segments [9][10] - The company is targeting international expansion, particularly in Vietnam, with a pilot launch in collaboration with Castrol [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving profitability in the energy business by the end of 2026, emphasizing financial discipline and organic growth [32] - The company acknowledged the challenges in the scooter business but is focused on improving margins and product offerings [25][26] Other Important Information - Gogoro secured an $80 million equity investment commitment for 2026 from its largest shareholder, ensuring funding for near-term objectives [22] - The company is transitioning to a more customer-centric vehicle business, focusing on high-value segments and premium models [10][11] Q&A Session Summary Question: Strategy for the scooter business amid underperformance - Management emphasized the need for a selective approach regarding models and markets, aiming to improve the scooter business while ensuring it does not jeopardize overall profitability [25][26] Question: Sustainability of OpEx savings and gross margin improvements - Management acknowledged the significant OpEx reductions achieved in 2025 but indicated that replicating such savings in 2026 would be challenging, focusing instead on reducing BOM costs and increasing manufacturing efficiencies [27][28]

gogolo. ANNIVERSARY Q4 & Full Year 2025 Investor Presentation FEB 12, 2026 Henry Chiang Chief Executive Officer Gogoro® Q4 & Full Year 2025 Investor Presentation Bruce Aitken Chief Financial Officer 2 DISCLAIMER Forward-Looking Statements This onesentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 27E of the Securities Ecclari Forward-looking statements generally relate to future events or Gogor's tuture imancial or coerating ...

Core Insights - Gogoro reported strong operational performance in 2025, establishing a foundation for growth in 2026 despite a challenging market environment [1][2][4] - The company improved its gross margin to 8.3%, a 5.7% increase year-over-year, and achieved a record adjusted EBITDA of $59.9 million, up from $44.7 million in 2024 [1][2] - Net loss narrowed significantly to $80.8 million from $122.8 million in the previous year, reflecting improved operational discipline and cash generation [1][3] Financial Performance - Fourth quarter total revenue was $74.4 million, up 1.7% year-over-year, while full year revenue was $281.5 million, down 9.4% year-over-year [2][3] - Fourth quarter adjusted EBITDA reached $12.9 million, an increase from $7.0 million in the same quarter last year [1][3] - Gross margin for the fourth quarter was 14.3%, up from (7.4)% in the same quarter last year, and non-IFRS gross margin was 20.1%, up from 14.7% [2][3] Business Update and Outlook - Gogoro's battery swapping service revenue for the year was $149.0 million, up 8.1% year-over-year, driven by a growing subscriber base of 665,000 [1][2] - The company plans to introduce several new models in 2026 to expand its product portfolio and strengthen its market position [1][4] - Gogoro anticipates modest revenue recovery in 2026, projecting revenue in the range of $285 million to $305 million, with a focus on improving profitability [4][5] Operational Efficiency - Operating cash flow for 2025 rose to $31.1 million, significantly up from $9.9 million in the previous year, reflecting improved operational efficiency [1][3] - The company has streamlined its product portfolio and optimized inventory management, contributing to enhanced gross margins and reduced operating expenses [2][3] - Gogoro's energy business is progressing towards profitability, supported by new rate plans and significant investments in its energy network [1][4]

Group 1 - Gogoro Inc. will release its financial results for Q4 and the full year 2025 on February 12, 2026, before market opening [1] - The earnings webcast will take place at 7:00 a.m. Eastern Time on the same day, providing insights into the company's financial and business results [2] - An archived version of the webcast will be available on the company's website for approximately two weeks after the live session [2] Group 2 - Gogoro was founded in 2011 to innovate urban energy solutions and promote sustainable mobility in cities [3] - The company has received multiple accolades, including being recognized by Fortune as a "Change the World 2024" company and by Frost & Sullivan as the "2024 Global Company of the Year for battery swapping for electric two-wheel vehicles" [3] - Gogoro's technology focuses on battery swapping, vehicle design, and advanced cloud services utilizing artificial intelligence to enhance battery management [3]

Core Insights - VIP Play, Inc. has achieved three consecutive months of positive Gross Gaming Revenue (GGR) and a 93% reduction in sharp wagering activity, indicating a successful operational turnaround [1][3] - The company has improved overall business performance by more than 150% through strategic initiatives focused on operational efficiency, risk management, and sustainable growth [2][8] Operational Highlights - The strategic plan execution has led to a significant reduction in sharp wagering, enhancing the company's risk profile and operational stability [8] - Marketing expenses have been reduced while revenue has increased, showcasing improved customer acquisition efficiency and marketing return on investment (ROI) [8] - Enhanced transparency and implementation of improved Key Performance Indicator (KPI) tracking systems have provided greater visibility into operational performance, enabling data-driven decision-making [8]

Financial Performance - Total revenue for Q3 2025 was $77.6 million, down 10.6% year-over-year and down 17.1% on a constant currency basis[3]. - Operating revenues for Q3 2025 were $77.647 million, a decrease of 10.6% from $86.856 million in Q3 2024[43]. - Net loss for the nine months ended September 30, 2025, was $60.031 million, compared to a net loss of $51.426 million for the same period in 2024[45]. - Total comprehensive loss for Q3 2025 was $20.129 million, compared to a comprehensive loss of $14.085 million in Q3 2024[43]. - The company experienced a 29.1% decline in sales of hardware and others for the nine months ended September 30, 2025, totaling $96.073 million compared to $135.510 million in 2024[49]. Profitability Metrics - Adjusted EBITDA for Q3 2025 was $20.2 million, up from $15.5 million in the same quarter last year[12]. - Adjusted EBITDA for the nine months ended September 30, 2025, was $46.998 million, up from $37.699 million in 2024[49]. - Gross profit for Q3 2025 was $9.492 million, with a gross margin of 12.2%, compared to $4.679 million and 5.4% in Q3 2024[49]. - Gross margin improved to 12.2%, up from 5.4% in the same quarter last year, while non-IFRS gross margin reached 22.2%, up from 16.3%[9]. Cash Flow and Expenses - Operating cash flow for the first nine months of 2025 rose to $25.7 million, compared to $13.3 million in the same period last year[4]. - Cash generated from operating activities for the nine months ended September 30, 2025, was $25.662 million, an increase from $13.262 million in 2024[45]. - The company reported a total operating expense of $66.887 million for the nine months ended September 30, 2025, down from $87.740 million in 2024[43]. - Operating expenses savings initiatives resulted in approximately $21 million saved in the first nine months of 2025 compared to the same period in 2024[4]. Market and Product Developments - Battery swapping service revenue increased to $38.9 million, up 11.5% year-over-year, with total subscribers reaching 657,000, a 5% increase from the previous year[6]. - New product launches, including the EZZY and EZZY 500, are expected to contribute to sales growth and margin improvement in 2026[4]. - The two-wheeler market in Taiwan contracted to 196,000 units, the lowest third-quarter total in a decade, impacting overall sales[4]. Balance Sheet Highlights - As of September 30, 2025, total assets amounted to $702.0 million, a slight increase from $700.4 million on December 31, 2024[39]. - Current liabilities decreased from $225.6 million on December 31, 2024, to $209.6 million as of September 30, 2025[39]. - Non-current borrowings increased from $253.8 million on December 31, 2024, to $316.8 million as of September 30, 2025[39]. - The company reported cash and cash equivalents of $119.5 million as of September 30, 2025, compared to $117.1 million on December 31, 2024[39]. - Total equity decreased from $176.5 million on December 31, 2024, to $132.3 million as of September 30, 2025[39]. - Inventories decreased from $44.97 million on December 31, 2024, to $38.14 million as of September 30, 2025[41]. - The company classified $18.5 million of undeployed battery packs and related battery cells in property, plant, and equipment as of September 30, 2025[41]. Future Outlook - The company expects full-year revenue for 2025 to be between $270 million and $285 million, with approximately 95% generated from the Taiwan market[14]. - The company expects recurring costs associated with battery upgrade initiatives as part of its ongoing operational strategy[30]. - A 1-for-20 reverse stock split was executed on October 6, 2025, to comply with Nasdaq minimum bid price requirements[47].

Financial Data and Key Metrics Changes - Gogoro generated over $25.7 million in operating cash flow, nearly doubling last year's level, and achieved approximately $21 million in operating expense savings compared to the same period in 2024 [4] - Adjusted EBITDA grew to $47 million over the first nine months of the year, a 25% increase over last year, with an adjusted gross margin of 19.3%, improving by 4.3 percentage points from 2024 [4] - Gross margin improved significantly to 12.2%, up from 5.4% in the same quarter last year, with non-IFRS gross margin reaching 22.2%, up 5.9 percentage points year over year [17] Business Line Data and Key Metrics Changes - Battery swapping service revenue grew 11.5% year over year to $38.9 million, driven by a subscriber base of 657,000 riders, up 5% year over year [13] - Hardware and other revenue was $38.7 million, down 25.5% year over year, primarily due to a 43.7% decline in vehicle sales volume [14] Market Data and Key Metrics Changes - Taiwan's overall two-wheeler market contracted to 196,000 units, the lowest third-quarter level in a decade, with motorcycle retail sales down roughly 9% year over year [16] - Consumer confidence is at its lowest point since early 2024, impacting discretionary spending [16] Company Strategy and Development Direction - Gogoro is focusing on operational efficiency, cost optimization, and product innovation to strengthen its foundation for future growth [4][8] - The company plans to launch three vehicle models in 2026, addressing multiple market segments and exceeding customer expectations [10] - Gogoro aims to achieve Energy network profitability in 2026, generate positive free cash flow from the Energy network business in 2027, and deliver sustained company-wide profitability in 2028 [29] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges in the current market but emphasizes the structural shift towards electrification and the company's readiness to capture future growth [17] - The company is confident in its ability to navigate near-term headwinds while executing for long-term value [8] - Management remains focused on delivering strong operational execution, continued cost discipline, and healthy cash generation [19] Other Important Information - Gogoro's product roadmap is expanding with the launch of the Easy and Easy 500 models, which are expected to lead their categories and contribute to sales volume and margin [6] - The company is developing a new generation of battery packs that will have greater density and lower costs, benefiting customers in cost-sensitive markets [11] Q&A Session Summary Question: What does Henry's appointment as official CEO mean for Gogoro's vision and priorities? - Henry emphasized the importance of fundamentals like products, technology, and execution, and expressed confidence in Gogoro's potential and the need for operational resilience [21][22] Question: What is the company's view on the stock decline following the reverse stock split? - Bruce noted that the decline is a near-term technical reaction and does not reflect the underlying fundamentals of the business, emphasizing the company's focus on long-term value and operational discipline [24][25]

Financial Data and Key Metrics Changes - Gogoro generated over $25.7 million in operating cash flow, nearly doubling last year's level [6] - Adjusted EBITDA grew to $47 million over the first nine months of the year, a 25% increase over last year [6] - Adjusted gross margin improved to 19.3%, an increase of 4.3 percentage points from 2024 [6] - Net loss narrowed to $14.9 million compared to $18.2 million in the same quarter last year [26] - Gross margin improved significantly to 12.2%, up from 5.4% in the same quarter last year [24] Business Line Data and Key Metrics Changes - Battery swapping service revenue grew 11.5% year-over-year to $38.9 million [17] - Hardware and other revenue was $38.7 million, down 25.5% year-over-year, primarily due to a 43.7% decline in vehicle sales volume [20] - The subscriber base for battery swapping reached 657,000 riders, up 5% year-over-year [18] Market Data and Key Metrics Changes - Taiwan's overall two-wheeler market contracted to 196,000 units, the lowest third quarter level in a decade [20] - Motorcycle retail sales, both gasoline and electric combined, were down roughly 9% year-over-year [22] - Consumer confidence is at its lowest point since early 2024 [22] Company Strategy and Development Direction - Gogoro is focusing on operational efficiency, cost optimization, and product innovation to strengthen its foundation [5][11] - The company plans to launch three new vehicle models in 2026, addressing multiple market segments [14] - Gogoro aims to achieve Energy network profitability in 2026, generate positive free cash flow from the Energy network business in 2027, and deliver sustained company-wide profitability in 2028 [42] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges in the current market but emphasizes the structural shift towards electrification [23] - The company is confident in its ability to navigate near-term headwinds while executing for long-term value [11] - Management remains cautious about near-term consumer demand but is optimistic about future growth opportunities [22][37] Other Important Information - Gogoro's product roadmap includes the launch of the Easy and Easy 500 models, which have been well received in the market [8] - The company is developing a new generation of battery packs that will be compatible with existing models and improve cost efficiency [15] Q&A Session Summary Question: What does Henry's appointment as official CEO mean for Gogoro's vision and priorities? - Henry emphasized the importance of operational resilience and focusing on sustainable long-term value while continuing to innovate [33][34] Question: What is the company's view on the stock decline following the reverse stock split? - Bruce noted that the decline is a near-term technical reaction and does not reflect the underlying fundamentals of the business [35][36]

Financial Data and Key Metrics Changes - Gogoro generated over $25.7 million in operating cash flow, nearly doubling last year's level, and achieved approximately $21 million in operating expense savings compared to the same period in 2024 [5][18] - Adjusted EBITDA grew to $47 million over the first nine months of the year, a 25% increase over last year, with an adjusted gross margin of 19.3%, improving by 4.3 percentage points from 2024 [5][18] - Gross margin improved significantly to 12.2%, up from 5.4% in the same quarter last year, with a non-IFRS gross margin reaching 22.2%, up 5.9 percentage points year over year [17][18] Business Line Data and Key Metrics Changes - Battery swapping service revenue grew 11.5% year over year to $38.9 million, driven by a subscriber base of 657,000 riders, up 5% year over year [14][18] - Hardware and other revenue, including vehicle and component sales, was $38.7 million, down 25.5% year over year, primarily due to a 43.7% decline in vehicle sales volume [15][18] Market Data and Key Metrics Changes - Taiwan's overall two-wheeler market contracted to 196,000 units, the lowest third-quarter level in a decade, with motorcycle retail sales down roughly 9% year over year [15][17] - Consumer confidence in Taiwan is at its lowest point since early 2024, impacting both gasoline and electric motorcycles [15][17] Company Strategy and Development Direction - Gogoro is focusing on operational efficiency, cost optimization, and product innovation to strengthen its foundation for future growth [5][8] - The company plans to launch three vehicle models in 2026, addressing multiple market segments and exceeding customer expectations [10] - Gogoro aims to achieve Energy network profitability in 2026, generate positive free cash flow from the Energy network business in 2027, and deliver sustained company-wide profitability in 2028 [32] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges in the current market but emphasizes the structural shift towards electrification and the company's readiness to capture that transition [17][18] - The company remains confident in its ability to deliver sustainable profitability, supported by operational improvements and a strong product portfolio [20][32] Other Important Information - Gogoro is developing a new generation of battery packs that will have greater density, improved manufacturability, and lower costs, compatible with existing battery packs [12] - The company is investing in vehicle, battery, and ecosystem developments to capitalize on the momentum of electrification [9] Q&A Session Summary Question: What does Henry's appointment as official CEO mean for Gogoro's vision and priorities? - Henry emphasized the importance of operational resilience and focusing on sustainable long-term value while continuing to innovate in products and technology [22][24] Question: Concerns regarding stock decline after the reverse stock split? - Management noted that the stock decline is a typical short-term reaction and does not reflect the underlying fundamentals of the business, expressing confidence in future growth opportunities [27][28]