Electrovaya Reports Strong Q2 Fiscal 2025 Results

Electrovaya Inc., a leader in lithium-ion battery technology, announced a 40% year-over-year revenue increase for Q2 2025, totaling $15 million. The company achieved an adjusted EBITDA of $2 million, marking its eighth consecutive quarter of positive results, and reported a net profit of $0.8 million, with earnings per share of $0.02. Gross margins stood at 31.1%.

Electrovaya confirmed its fiscal 2025 revenue guidance of over $60 million, driven by a robust order pipeline. The company secured a $51 million loan from the Export-Import Bank of the United States and a $20 million credit facility with the Bank of Montreal to support manufacturing in Jamestown, New York.

Operational highlights include increased orders from OEM partners and new market expansion. The company is also advancing its domestic manufacturing capabilities and recurring revenue streams, signaling a positive growth trajectory.

The financial outlook remains optimistic, with expectations of sustained demand and profitability throughout the fiscal year.