Gogoro(US:GGR) Prnewswire·2026-02-12 11:00Core 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]