Electrovaya pegs fiscal 2025 revenue at $64M (U.S.)

An anonymous director reports ELECTROVAYA ANNOUNCES ESTIMATED PRELIMINARY UNAUDITED Q4 FY2025 REVENUES AT $20 MILLION(1) AND FULL YEAR FY2025 REVENUE AT $64 MILLION(1) Electrovaya Inc. has released its preliminary unaudited revenue for the quarter (Q4) and fiscal year ended Sept. 30, 2025. All figures in this update are expressed in U.S. dollars. Q4 FY 2025 revenue estimate The company estimates the revenue for the quarter ended Sept, 30, 2025, exceeded $20-million, representing a quarterly record for the company with approximately 72-per-cent year-over-year growth. This revenue was mostly derived from deliveries of battery systems for the material handling sector but also included deliveries of battery modules for a major construction vehicle OEM (original equipment manufacturer) in Japan and multiple robotic application customers. Full-year FY 2025 revenue estimate The company estimates the revenue for the year ended Sept. 30, 2025, was approximately $64-million, representing an annual record for the company with approximately 43-per-cent year-over-year growth. Electrovaya expects to release its full audited financial statements for fiscal 2025 in the first half of December, 2025, and each of these items will be described in further detail. Note: The preliminary results set forth above are based on an initial review of the company's operations for the quarter and year ended Sept. 30, 2025, and are subject to change. Actual results could differ from these preliminary results following the completion of year-end closing procedures, final adjustments that may result from the completion of the audit of the company's financial statements, and other developments arising between now and the time that the company's financial results are finalized, and such changes could be material. The company's expectations with respect to its unaudited results for the fiscal year ended Sept. 30, 2025, are based upon management estimates and are the responsibility of management. The company's independent registered public accounting firm has not audited, reviewed or performed any procedures with respect to these preliminary results and, accordingly, does not express an opinion or any other form of assurance about them. While the company believes there is a reasonable basis for these preliminary financial results, the results involve known and unknown risks and uncertainties that may cause actual results to differ materially. These preliminary fiscal results represent forward-looking information. About Electrovaya Inc. Electrovaya is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The company has extensive IP (intellectual property) and designs, develops and manufactures proprietary lithium-ion batteries and battery systems for energy storage and heavy-duty electric vehicles based on its Infinity battery technology platform. This technology offers enhanced safety and industry-leading battery longevity. The company is also developing next-generation solid-state battery technology at its labs division. Headquartered in Ontario, Canada, Electrovaya has two operating sites in Canada and has acquired a 52-acre site with a 135,000-square-foot manufacturing facility in New York State for its planned gigafactory. We seek Safe Harbor.