Electrovaya Income Statement

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	68.21	63.83	44.62	44.06	16.27	11.58
Revenue Growth (YoY)	56.11%	43.06%	1.26%	170.80%	40.45%	-20.25%
Cost of Revenue	46.79	44.11	30.93	32.2	12.4	7.72
Gross Profit	21.43	19.72	13.69	11.86	3.87	3.87
Selling, General & Admin	6.76	6.61	6.87	5.58	4.19	3.93
Research & Development	4.62	4.38	3.04	3.38	3.43	4.56
Amortization of Goodwill & Intangibles	-	-	-	-	-	0.32
Other Operating Expenses	-0.21	-0.09	-0.32	-0.39	-0.21	-0.87
Operating Expenses	14.33	14.18	12.96	10.65	11.14	8.48
Operating Income	7.1	5.54	0.73	1.2	-7.27	-4.61
Interest Expense	-2.5	-2.76	-3.7	-2.47	-3.03	-2.67
Currency Exchange Gain (Loss)	-1.02	-0.56	0.15	-0.89	1.09	-0.26
Other Non Operating Income (Expenses)	-0.92	-0.92	1.33	-	-	-
EBT Excluding Unusual Items	2.67	1.31	-1.49	-2.16	-9.21	-7.53
Pretax Income	2.67	1.31	-1.49	-2.16	-9.21	-7.53
Income Tax Expense	-2.15	-2.05	-	-0.68	-	-
Earnings From Continuing Operations	4.82	3.36	-1.49	-1.48	-9.21	-7.53
Net Income	4.82	3.36	-1.49	-1.48	-9.21	-7.53
Net Income to Common	4.82	3.36	-1.49	-1.48	-9.21	-7.53
Shares Outstanding (Basic)	41	39	34	34	29	28
Shares Outstanding (Diluted)	44	41	34	34	29	28
Shares Change (YoY)	28.64%	21.65%	0.53%	15.29%	4.88%	16.94%
EPS (Basic)	0.12	0.09	-0.04	-0.04	-0.31	-0.27
EPS (Diluted)	0.10	0.08	-0.04	-0.04	-0.31	-0.27
Free Cash Flow	-3.13	-2.89	0.91	-5.74	-9.03	-8.68
Free Cash Flow Per Share	-0.07	-0.07	0.03	-0.17	-0.31	-0.31
Gross Margin	31.41%	30.90%	30.68%	26.91%	23.81%	33.37%
Operating Margin	10.41%	8.68%	1.63%	2.73%	-44.68%	-39.79%
Profit Margin	7.07%	5.27%	-3.33%	-3.36%	-56.61%	-65.04%
Free Cash Flow Margin	-4.59%	-4.53%	2.05%	-13.03%	-55.49%	-74.90%
EBITDA	8.26	6.6	1.48	1.7	-7.02	-4.57
EBITDA Margin	12.11%	10.34%	3.33%	3.87%	-43.17%	-39.45%
D&A For EBITDA	1.16	1.06	0.76	0.5	0.25	0.04
EBIT	7.1	5.54	0.73	1.2	-7.27	-4.61
EBIT Margin	10.41%	8.68%	1.63%	2.73%	-44.68%	-39.79%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.