Electrovaya Inc. (TSX:ELVA)

Electrovaya Income Statement

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

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

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.