Financial Performance - Q2 2025 - Revenue decreased by 18.7% year-over-year to $65.8 million[60] - On a constant currency basis, revenue decreased by 22.5% year-over-year to $62.7 million[62] - IFRS Gross Margin was 0.3%, a decrease of 4.9% year-over-year[60] - Non-IFRS Gross Margin increased to 17.0%, up 3.5% year-over-year[62] - Net Loss was $(26.5) million, a decrease of $6.5 million year-over-year[60] - Adjusted EBITDA increased by 4.2% year-over-year to $12.5 million[62] Operational Metrics - Total riding distance reached 13.2 billion kilometers[53] 2025 Guidance - The company expects revenue to be at the low-end of $295 million - $315 million[65] Additional Points - Operating cash flow was $15.2 million[28] - Operating expenses reduced by 1740%[28]

Exhibit 99.1 Gogoro Releases Second Quarter 2025 Financial Results, Gogoro Continues on Its Path Towards Profitability TAIPEI. TAIWAN, AUGUST 12. 2025 - Gogoro Inc. ("Gogoro," "the Company" or "We") (Nasdag: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its second quarter ended June 30, 2025. Second Quarter 2025 Business Update and Outlook Second Quarter 2025 Financial Summary ■ Macroeconomic tr ...

Core Insights - Gogoro continues to make progress towards profitability, with improvements in non-IFRS gross margin and operating cash flow in the first half of 2025, indicating positive impacts from strategic efforts [4][5][10] - The company faced challenges in revenue due to the delayed launch of its new product, EZZY, but remains optimistic about achieving its full-year revenue targets [4][5][15] - Gogoro is focused on cost discipline and innovation, with plans for new product launches and battery pack developments in the coming years [4][5][11] Financial Performance - Total revenue for Q2 2025 was $65.8 million, a decrease of 18.7% year-over-year, and down 22.5% on a constant currency basis [5][11] - Battery swapping service revenue increased to $37.6 million, up 8.5% year-over-year, while hardware sales dropped to $28.2 million, down 39.1% year-over-year [5][11] - The gross margin was 0.3%, down from 5.2% in the same quarter last year, while non-IFRS gross margin improved to 17.0%, up from 13.5% [7][11] Cost Management - Operating cash flow improved significantly to $15.2 million in the first half of 2025, compared to $4.8 million in the same period of 2024, driven by cost-saving initiatives [5][14] - The company saved approximately $11 million in operating expenses in the first half of 2025 compared to the same period in 2024 [5][10] - Organizational restructuring and streamlined product offerings contributed to reduced operating expenses [10][14] Market Outlook - The Taiwan two-wheeler market is expected to be subdued in 2025, impacting Gogoro's revenue projections, which are now anticipated to be at the low end of the previously provided range of $295 million to $315 million [15] - International markets, particularly Korea and Vietnam, are showing positive signs with increased demand for Gogoro's solutions and supportive government policies for electrification [5][11] Product Development - Gogoro plans to launch a new vehicle in Q3 2025 and an all-new vehicle platform in 2026, alongside ongoing battery pack upgrades [5][11][15] - The company has invested approximately $100 million annually in capital expenditures over the past three years to enhance its battery swapping network [8][9]

Core Insights - Gogoro Inc. will release its financial results for Q2 2025 on August 12, 2025, before market opening [1] - An earnings webcast will be held at 8:00 a.m. Eastern Time on the same day to discuss financial and business results [2] Company Overview - Founded in 2011, Gogoro aims to innovate urban energy solutions and promote sustainable mobility [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 AI-driven cloud services to enhance urban mobility [3]

Financial Data and Key Metrics Changes - In Q1 2025, the company achieved a non-IFRS gross margin of 18.2%, an increase from 15.1% in the same quarter last year [20] - Operating expenses were reduced by $9,600,000, a decrease of 32.1% compared to Q1 2024 [7][20] - Adjusted net loss decreased by 36.5% to $10,900,000 from $17,200,000 in Q1 2024 [7] - Adjusted EBITDA increased to $14,300,000 in Q1 2025, up from $10,200,000 in Q1 2024, representing a 40% increase [17][20] - Total revenue dropped by 4.5% year-over-year on a constant currency basis [17] Business Line Data and Key Metrics Changes - The energy business recorded revenue of $34,500,000, reflecting a 6.2% growth year-over-year [8] - Hardware sales revenue was $29,100,000, down 21.8% year-over-year, attributed to a decrease in vehicle sales volume [19] - The total subscriber base reached 644,000, an 8% increase from 595,000 subscribers at the end of Q1 2024 [18] Market Data and Key Metrics Changes - The company anticipates that approximately 95% of its full-year revenue for 2025 will be generated from the Taiwan market [22] - The Taiwan two-wheeler market in 2025 is expected to remain at approximately 2024 levels [22] Company Strategy and Development Direction - The company aims to achieve breakeven in the energy business by 2026 and in the vehicle business by 2028 [6][22] - A focus on operational efficiency and cost optimization is expected to create approximately $25,000,000 in savings in 2025 compared to 2024 [21] - The company is exploring international expansion through partnerships, including a joint venture with Castro [11] Management's Comments on Operating Environment and Future Outlook - Management acknowledges challenges in the global macro environment, including market volatility and tariff issues [15] - The company remains focused on delivering predictable financial results and a clear vision for the future [5] - Management believes that advancements in charging technology are part of the broader ecosystem evolution and do not pose a direct threat to the battery swapping model [25][28] Other Important Information - The company transferred its listing from the NASDAQ Global Select Market to the NASDAQ Capital Market, gaining an additional 180-day grace period to regain compliance with NASDAQ requirements [31] - The company has received a new credit facility of approximately $61,500,000, indicating market confidence in its future plans [7] Q&A Session Summary Question: How does the company view advancements in fast charging technology? - Management recognizes rapid advancements in fast charging as beneficial for overall EV adoption but does not see them as a direct threat to the battery swapping model [25][28] Question: What are the plans regarding the transfer to the NASDAQ Capital Market? - The company gained a 180-day grace period to regain compliance with NASDAQ requirements and is focused on long-term stock performance rather than short-term gains [31][32] Question: What are the long-term growth plans for top and bottom lines? - The company anticipates breakeven in the network business by 2026 and expects significant operational leverage and profitability improvements thereafter [34][35] Question: Is the current operating efficiency model sustainable and scalable? - Management believes the current operating efficiency model is sustainable and scalable, with a strong foundation for growth beyond breakeven [39][40]

Financial Data and Key Metrics Changes - The company achieved a non-IFRS gross margin of 18.2%, an increase from 15.1% in the same quarter last year [19] - Operating expenses were reduced by $9,600,000, a decrease of 32.1% compared to Q1 2024 [7][19] - Adjusted net loss decreased by 36.5% to $10,900,000 from $17,200,000 in Q1 2024 [7] - Adjusted EBITDA increased to $14,300,000, up from $10,200,000 in the same quarter last year, representing a 40% increase [17][19] - Total revenue dropped by 4.5% year-over-year on a constant currency basis [17] Business Line Data and Key Metrics Changes - Energy business revenue was $34,500,000, showing a 6.2% growth year-over-year [8][17] - Hardware sales revenue was $29,100,000, down 21.8% year-over-year, attributed to a decrease in vehicle sales volume [18] - The total subscriber base reached 644,000, an 8% increase from 595,000 subscribers at the end of Q1 2024 [17] Market Data and Key Metrics Changes - The company anticipates that approximately 95% of its full-year revenue for 2025 will be generated from the Taiwan market [21] - The Taiwan two-wheeler market in 2025 is expected to remain at approximately 2024 levels [21] Company Strategy and Development Direction - The company aims to achieve breakeven in the energy business by 2026 and in the vehicle business by 2028 [6][21] - A new credit facility of approximately $61,500,000 has been secured to support growth and indicates market confidence [7] - The company is focusing on operational efficiency and cost optimization to drive profitability [20] Management's Comments on Operating Environment and Future Outlook - The global macro environment presents challenges, including market volatility and tariff issues, impacting consumer confidence [16] - Management remains focused on long-term growth and profitability, emphasizing the importance of the subscription-based business model [22] - The company is optimistic about the future, expecting to reach profitability in its battery swapping business by 2026 [21] Other Important Information - The company transferred its listing from the NASDAQ Global Select Market to the NASDAQ Capital Market, gaining an additional 180-day grace period for compliance [29] - The company continues to receive support from the Taiwan government for EV policies and infrastructure investments [14] Q&A Session Summary Question: How does the company view advancements in fast charging technology? - Management recognizes advancements in fast charging as beneficial for overall EV adoption but does not see them as a direct threat to its battery swapping model, which offers speed and convenience [24][25] Question: What are the plans regarding the transfer to the NASDAQ Capital Market? - The company has gained a grace period to regain compliance with NASDAQ requirements and is focused on long-term financial improvements rather than short-term stock price gains [29][30] Question: What are the long-term growth plans for top and bottom lines? - The company anticipates significant growth driven by its subscription model and expects operational leverage to improve profitability as revenue increases [32][33] Question: Is the current operating efficiency model sustainable as the company grows? - Management believes the operating efficiency model is sustainable and scalable, allowing for growth without a linear increase in operating costs [36][38]

Q1 2025 Financial Performance - IFRS Revenue was $63.6 million, a decrease of 8.7% year-over-year[64] - IFRS Gross Margin was 4.9%[64] - IFRS Net Loss was $18.6 million, a decrease of $5.5 million year-over-year[64] - Non-IFRS Revenue (on a constant currency basis) was $66.6 million, a decrease of 4.5% year-over-year[66] - Non-IFRS Gross Margin was 18.2%, an increase of 3.1% year-over-year[66] - Adjusted EBITDA was $14.3 million, an increase of 40% year-over-year[30, 66] - Non-IFRS Net Loss reduced by 36.5%[31] Key Metrics - Total riding distance reached 12.8 billion kilometers[55] - Network subscribers totaled 644,000[57] - Average total swaps per day exceeded 400,000[58] 2025 Guidance - The company projects revenue between $295 million and $315 million for 2025[71]

Financial Performance - Revenue for Q1 2025 was $63.6 million, down 8.7% year-over-year and down 4.5% on a constant currency basis[4]. - Operating revenues for Q1 2025 were $63,621,000, a decrease of 8.5% compared to $69,711,000 in Q1 2024[38]. - For the three months ended March 31, 2025, total operating revenues decreased by 8.7% year-over-year to $63.621 million, compared to $66.558 million in the same period of 2024[45]. - The sales of hardware and others dropped by 21.8% year-over-year to $29.148 million, while battery swapping service revenue increased by 6.2% to $34.473 million[45]. - Gross profit for Q1 2025 was $3,106,000, down from $4,473,000 in Q1 2024, resulting in a gross margin of 4.9%[38]. - Gross margin for Q1 2025 was 4.9%, down from 6.4% in the same quarter last year, while non-IFRS gross margin improved to 18.2%, up from 15.1%[5]. - The net loss for the three months ended March 31, 2025, was $18.562 million, compared to a net loss of $13.127 million in the same period of 2024[45]. - Net loss for Q1 2025 was $18.6 million, an increase of $5.5 million from a net loss of $13.1 million in the same quarter last year[9]. - Non-IFRS net loss improved to $10.915 million in Q1 2025 from $17.176 million in Q1 2024[45]. - The company reported a basic and diluted net loss per share of $0.06 for both Q1 2025 and Q1 2024[38]. Operating Expenses - Total operating expenses decreased to $20,214,000 in Q1 2025 from $29,770,000 in Q1 2024, primarily due to reductions in sales and marketing and general administrative expenses[38]. - Adjusted EBITDA for Q1 2025 was $14.3 million, up from $10.2 million in the same quarter last year, primarily due to a $7.1 million reduction in operating expenses[10]. - Share-based compensation expenses totaled $1,083,000 in Q1 2025, down from $3,378,000 in Q1 2024[41]. - Share-based compensation expenses for Q1 2025 were $1.083 million, down from $3.378 million in Q1 2024[45]. Cash Flow and Liquidity - Operating cash outflow for Q1 2025 was $8.9 million, compared to an inflow of $0.9 million in Q1 2024, with a cash balance of $93.3 million at the end of Q1 2025[11]. - Cash and cash equivalents at the end of Q1 2025 were $93,279,000, down from $117,148,000 at the end of Q4 2024[41]. - The balance of total equity as of March 31, 2025, was $158.542 million, down from $176.540 million as of December 31, 2024[43]. Strategic Initiatives - The company secured a new NT$2 billion credit facility in Q1 2025 to support strategic initiatives and product innovation[3]. - Gogoro expects to achieve approximately $25 million in savings in 2025 compared to 2024 through cost efficiency plans[12]. - The ongoing battery upgrade initiatives are expected to negatively impact gross margin in the short term but are aimed at long-term economic benefits[8]. - The company recorded a derecognition expense related to battery upgrades, which is expected to recur in future periods[30]. - The company reported a total of $8.347 million in costs related to battery upgrade initiatives for Q1 2025, compared to $4.110 million in Q1 2024[45]. Future Outlook - The revenue forecast for the full year of 2025 is between $295 million to $315 million on a constant currency basis, with 95% expected from the Taiwan market[13]. - Total liabilities decreased to $499,036,000 as of March 31, 2025, from $523,887,000 as of December 31, 2024[36]. - The company experienced a translation loss of $11.320 million as of March 31, 2025, compared to a loss of $9.217 million as of December 31, 2024[43].

Core Insights - Gogoro Inc. reported its financial results for Q1 2025, highlighting a focus on operational efficiency and a commitment to profitability milestones [3][4][14] Financial Performance - Total revenue for Q1 2025 was $63.6 million, a decrease of 8.7% year-over-year, and down 4.5% on a constant currency basis [4][7] - Battery swapping service revenue was $34.5 million, an increase of 6.2% year-over-year, while hardware and other sales revenue was $29.1 million, down 21.8% year-over-year [7][8] - Gross margin was 4.9%, down from 6.4% in the same quarter last year, while non-IFRS gross margin improved to 18.2% from 15.1% [5][7] - The net loss for Q1 2025 was $18.6 million, compared to a net loss of $13.1 million in the same quarter last year [10][11] Operational Efficiency - The company has implemented cost optimization initiatives, resulting in a projected savings of approximately $25 million in 2025 compared to 2024 [13] - Operating expenses decreased significantly, contributing to an adjusted EBITDA of $14.3 million, up from $10.2 million in the same quarter last year [11][12] Subscriber Growth - Total subscribers for the battery swapping service reached 644,000, an increase of 8% from 595,000 subscribers year-over-year [8] Future Outlook - Gogoro maintains a revenue forecast for 2025 between $295 million to $315 million, with expectations for profitability in its battery swapping business by 2026 and hardware sales by 2028 [14][13]

Core Viewpoint - Gogoro Inc. has received approval to transfer its listing from the Nasdaq Global Select Market to the Nasdaq Capital Market due to non-compliance with minimum bid price requirements [1][2]. Company Summary - Gogoro is a global technology leader in battery swapping ecosystems aimed at sustainable urban mobility solutions, founded in 2011 [4]. - The company has been recognized for its innovation and impact, receiving accolades such as "Change the World 2024" by Fortune and "Most Innovative Company of 2024" by Fast Company [4]. - Gogoro's business model focuses on battery swapping and electric vehicle platforms, leveraging advanced technology and artificial intelligence for battery management [4]. Listing Transfer Details - The transfer of Gogoro's ordinary shares and warrants to the Nasdaq Capital Market took effect on April 30, 2025, following a compliance issue where the closing bid price fell below $1.00 for 30 consecutive business days [1][2]. - The company was granted an additional 180 calendar days, until October 27, 2025, to regain compliance with the minimum bid price requirement [2]. - If the closing bid price reaches at least $1.00 for 10 consecutive business days before the deadline, Nasdaq will confirm compliance for continued listing [2]. Market Impact - Gogoro does not expect a material impact on the trading of its securities due to the transfer to the Nasdaq Capital Market [3].