Gogoro (GGR) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, February 12, 2026 astatine 7:11 AM CST 16 min read

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Thursday, February 12, 2026 astatine 7 a.m. ET

• Chief Executive Officer — Henry Chiang

• Chief Financial Officer — Bruce Aitken

Henry Chiang: Thanks, Annie. Thank you for joining us. In 2025, we deliberately stepped backmost to simplify and sharpen our focus. We made hard choices and actively restructured to conscionable marketplace challenges. We consolidated our portfolio, optimized our merchandise mix, and tightened our operational discipline. We prioritized semipermanent sustainability implicit short-term results. And the results beryllium that our refocus worked. While 2025 was a twelvemonth of challenges, some internally and externally, it was indispensable for establishing the instauration for Gogoro Inc.’s adjacent chapter. Our outstanding operational results are the nonstop payoff of our absorption connected efficiency. By reinforcing our halfway strengths and optimizing our proviso chain, we achieved a grounds precocious full-year adjusted EBITDA of $59,900,000, up from $44,700,000 successful 2024.

Operating currency travel accrued much than 3 times twelvemonth implicit twelvemonth to $31,100,000, portion beardown execution lifted our gross borderline to 8.3%, up from 2.6% successful 2024, and our non-IFRS borderline to an awesome 19.5%, up from 14.9% successful 2024. These are not conscionable numbers. They are the nonstop effect of our squad moving with subject and shared accountability. We realigned resources, reduced inventory, and improved accumulation planning, translating pugnacious decisions into existent fiscal improvement. These hard choices are present intelligibly reflected successful our improved results. We person built a coagulated foundation. We completed our cardinal milestones successful 2025 and are driving our program guardant measurement by step, with wide absorption and determination.

In 2025, we did not conscionable update our conveyance business. We reengineered it. We reinforced our exertion enactment with the motorboat of EASI successful June, and EZ 500 successful September. They were the close products astatine the close terms points. The EZ household of products surpassed 8,700 units successful cumulative income from the clip of motorboat to extremity of twelvemonth and was the best-selling electrical scooter of 2025. This occurrence demonstrates our quality to innovate, execute, and seizure caller people audiences. This is not conscionable a income figure. It is impervious that erstwhile we innovate with precision, we tin make and seizure caller segments. We applied that aforesaid subject to the full business.

We slashed portfolio complexity and realigned our roadworthy maps with marketplace demand. We overhauled our retail channels to thrust velocity and efficiency. We person done the hard enactment and mentation and we participate 2026 acceptable to seizure the market. We deepened our beingness successful the B2B and authorities fleet segments. In alignment with Taiwan’s nett zero policies, adoption by section governments and corporations is accelerating. We are arrogant to alteration this nationalist work transition. We person been moving with the constabulary section for the past 5 years, and we are seeing this committedness grow crossed authorities agencies. Notably, Taiwan’s authorities postal service, Chunghwa Post, added implicit 1,000 units of the Gogoro Crossover S to its fleet for postal transportation services.