Canada's Electrovaya FY 2025 revenue up 43%

Electrovaya

10/12/2025 21:12

Overview

Canada lithium-ion battery firm's FY 2025 revenue rose 43% yr/yr, achieving first profitable year

Adjusted EBITDA for FY 2025 increased 115% yr/yr

Company strengthened balance sheet with new $25M BMO and $51M EXIM facilities

Outlook

Electrovaya expects FY 2026 revenue growth to exceed 30%, surpassing $83 mln

Company anticipates some FY 2026 revenue may be deferred to FY 2027

Result Drivers

COMMERCIAL MOMENTUM - Secured major purchase orders from Fortune 100/500 customers and global OEMs across U.S., Canada, and Australia

NEW PRODUCT LAUNCHES - Launched battery solutions for robotics and energy storage, expanding market presence

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Income
$3.30 mln
FY Adjusted EBITDA
$8.80 mln
FY Gross Margin
30.80%


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Electrovaya Inc is $8.00, about 48.7% above its December 9 closing price of $5.38

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release: ID:nACSzWlHTa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)