Gogoro (GGR) Achieves Record Annual EBITDA and Triples Operating Cash Flow in 2025

Financial Performance - Gogoro Inc. reported a record-high full-year adjusted EBITDA of $59.9 million in 2025, up from $44.7 million in the previous year, indicating strong financial execution and cost discipline [1] - Operating cash flow tripled to $31.1 million, while gross margins increased from 2.6% to 8.3% [1] Revenue Trends - Total revenue fell by 9.4% due to the broader Taiwan scooter market reaching its lowest level in a decade [2] - Hardware revenue specifically dropped by 23.3% as a result of decreased vehicle sales and delays in new product launches [2] Strategic Initiatives - The company is shifting its focus from growth at any cost to prioritizing high-potential markets, disciplined pricing, and high-value segments such as B2B and government fleet sectors [4] - Gogoro plans to pilot a new localized scooter model in Vietnam in partnership with Castrol, aligning with Hanoi's upcoming 2026 ban on fossil-fuel motorbikes [4] - A new modular battery swapping station is set to be piloted by late 2026 [4] Company Overview - Gogoro Inc. engages in the research, development, manufacturing, sales, and distribution of electric scooters and bikes, as well as enabling components in Taiwan, India, and internationally [5]