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]

Financial Data and Key Metrics Changes - Operating cash flow increased significantly from $4.8 million in 2024 to $15.2 million in 2025, reflecting effective cost savings initiatives [6] - Adjusted EBITDA rose to $12.5 million, a 4.2% increase from $12 million in the same quarter last year [16] - Non-IFRS gross margin improved to 17%, up from 13.5% in the same quarter last year [15] Business Line Data and Key Metrics Changes - Revenue from the battery swapping business reached $37.6 million, an 8.5% year-over-year increase [10] - Sales of hardware and other revenue decreased by 39.1% year-over-year to $28.2 million, primarily due to a decline in vehicle sales volume [13] - Total subscribers increased to 648,000, up 7% from 608,000 in the same quarter last year [11] Market Data and Key Metrics Changes - The overall two-wheeler market in Taiwan decreased by 11% compared to the same quarter last year, marking the lowest Q2 performance in three years [14] - Consumer confidence in Taiwan has slipped to its lowest point since April 2024, influenced by macroeconomic uncertainties [14] Company Strategy and Development Direction - The company is focused on strategic streamlining of products and solutions, aiming for long-term financial objectives including energy breakeven in 2026 and vehicle business profitability in 2028 [9][19] - Continued investment in battery upgrades and network infrastructure is seen as essential for growth, with expectations of breakeven in the battery business by 2026 [27][28] - The company is actively engaging with government officials to advocate for more aggressive subsidies and regulatory measures to accelerate electrification [23][24] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by macroeconomic trends and consumer sentiment but remains optimistic about the second half of the year [15][19] - The company anticipates a seasonal pickup in sales and expects to meet the low end of its revenue guidance for the year, estimating full-year revenue between $295 million and $315 million [18] - Management believes the current market valuation does not reflect the fundamental value of the business and is committed to improving performance [8] Other Important Information - A new vehicle, the EZ, was launched at a price of approximately $910 after government subsidies, with strong demand anticipated [12] - The company has drawn down a $1 billion loan to enhance liquidity and strengthen its financial structure [17] Q&A Session Summary Question 1: Government's plans for aggressive subsidy programs to accelerate electrification - Management acknowledged the gap between policy ambitions and current adoption rates, indicating ongoing discussions with the government for potential subsidies and regulatory measures [22][23] Question 2: Investment cycle and expectations for net cash flow - Management confirmed that current investments in network infrastructure are critical for growth, with expectations for gradual improvement in gross margins and breakeven in the battery business by 2026 [26][27] Question 3: Update on the joint venture with Castrol in Vietnam - Management reported strong progress in the partnership, with plans for a pilot towards the end of the year and a full launch in 2026, although immediate revenue is not expected [30][31]