Overview

* Gogoro ( GGR ) Q3 revenue falls 10.6% yr/yr amid Taiwan market contraction

* Net loss for Q3 narrows to $14.9 mln from $18.2 mln last year

* Adjusted EBITDA for Q3 rises to $20.2 mln, reflecting operational efficiency

Outlook

* Company expects full-year 2025 revenue between $270 mln and $285 mln

* Gogoro ( GGR ) anticipates Taiwan two-wheeler market to underperform in 2025

* Company plans new vehicle launches and battery improvements in 2026

Result Drivers

* MARKET CONTRACTION - Taiwan's two-wheeler market contracted, affecting vehicle sales and overall revenue, but Gogoro ( GGR ) maintained strong non-IFRS profitability

* GROSS MARGIN IMPROVEMENT - Improved inventory and supply chain management led to a significant increase in gross margin

* PRODUCT EXPANSION - Launch of EZZY and EZZY 500 models broadened market reach and are expected to boost sales growth and margins in 2026

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $77.65

Operatin mln

g

Revenue

Q3 EPS -$1.01

Q3 Net -$14.94

Income mln

Q3 Gross $9.49

Profit mln

Q3 -$13.49

Income mln

from

Operatio

ns

Q3 $22.98

Operatin mln

g

Expenses

Analyst Coverage

* The one available analyst rating on the shares is "hold"

* The average consensus recommendation for the recreational products peer group is "buy."

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)