Revenue: As of FY2025, the actual value is USD 18.08 M.EPS: As of FY2025, the actual value is USD -87.21.EBIT: As of FY2025, the actual value is USD -32.1 M.<h4>Segment Revenue</h4><ul><li>Cenntro Inc. reported total net revenues of $18,080,161 for the year ended December 31, 2025, marking a 42.2% decrease from $31,297,393 in 2024. <ul><li>Vehicle sales were $16,080,343 in 2025 (88.9% of total net revenues) compared to $28,149,620 in 2024 (89.9%). </li><li>Spare-part sales were $1,650,130 in 2025 (9.1%) compared to $2,769,143 in 2024 (8.8%). </li><li>Other sales amounted to $349,688 in 2025 (2.0%) compared to $378,630 in 2024 (1.3%). </li></ul></li><li>Net revenues by geographical market were:<ul><li>Europe: $12,158,252 in 2025 (67.2% of total) compared to $5,719,353 in 2024 (18.3%). </li><li>United States: $1,852,544 in 2025 (10.2%) compared to $20,888,931 in 2024 (66.7%). </li><li>Asia: $4,035,448 in 2025 (22.3%) compared to $4,579,104 in 2024 (14.6%). </li><li>Others: $33,917 in 2025 (0.2%) compared to $110,004 in 2024 (0.4%). </li></ul></li></ul><h4>Operational Metrics</h4><ul><li>Total cost of goods sold was $20,396,258 in 2025, a 13.9% decrease from $23,688,846 in 2024. <ul><li>Cost of vehicle sales was -$14,415,354 in 2025 (70.7% of total COGS) compared to -$15,450,451 in 2024 (65.2%). </li><li>Cost of spare-part sales was -$1,249,246 in 2025 (6.1%) compared to -$2,313,504 in 2024 (9.8%). </li><li>Cost of other sales was -$243,790 in 2025 (1.2%) compared to -$229,626 in 2024 (1.0%). </li><li>Inventory write-off was -$2,824,436 in 2025 compared to $0 in 2024. </li><li>Inventory write-down was -$1,663,432 in 2025 compared to -$5,695,265 in 2024. </li></ul></li><li>Cenntro Inc. reported a gross loss of -$2,316,097 in 2025, compared to a gross profit of $7,608,547 in 2024. </li><li>The overall gross margin was -12.8% in 2025, a decrease from 24.3% in 2024. </li><li>Gross margin of vehicle sales was -3.22% in 2025, compared to 24.9% in 2024. </li><li>Selling and marketing expenses decreased to -$2,520,796 in 2025 from -$7,364,678 in 2024, representing a 65.8% decrease. </li><li>General and administrative expenses decreased to -$20,341,399 in 2025 from -$26,321,333 in 2024, a 22.7% decrease. </li><li>Research and development expenses decreased to -$2,814,163 in 2025 from -$5,160,803 in 2024, a 45.5% decrease. </li><li>Provision for credit losses increased to -$4,556,311 in 2025 from -$393,873 in 2024. </li><li>Impairment of goodwill was $0 in 2025 compared to -$209,130 in 2024. </li><li>Total operating expenses were -$30,232,669 in 2025 compared to -$39,449,817 in 2024. </li><li>Loss from operations was -$32,548,766 in 2025 compared to -$31,841,270 in 2024. </li><li>Net loss from continuing operations was -$68,886,213 in 2025 compared to -$34,112,925 in 2024. </li><li>Total net loss was -$73,021,930 in 2025 compared to -$44,908,617 in 2024. </li><li>Adjusted EBITDA from continuing operations was -$53,233,212 in 2025 compared to -$28,232,382 in 2024. </li></ul><h4>Cash Flow</h4><ul><li>Net cash used in operating activities was -$12,619,516 in 2025 compared to -$21,362,312 in 2024. </li><li>Net cash used in investing activities was -$866,667 in 2025 compared to cash provided of $4,071,551 in 2024. </li><li>Net cash provided by financing activities was $4,897,863 in 2025 compared to $1,230,832 in 2024. </li><li>Net decrease in cash, cash equivalents, and restricted cash was -$8,273,297 in 2025 compared to -$16,611,409 in 2024. </li><li>Cash and cash equivalents, and restricted cash at year-end (continuing operations) were $4,638,328 in 2025 compared to $12,820,459 in 2024. </li><li>Working capital was approximately $19.0 million in 2025, a decrease from $36.8 million in 2024. </li></ul><h4>Unique Metrics</h4><ul><li>Cenntro Inc. sold 1,309 ECVs in 2025, including 31 Metro® units, 46 Logistar™ 200 units, 154 Logistar™ 100 units, 33 Teemak™ units, 11 Logistar™ 260 units, 1 Logistar™ 400 unit, 611 Avantier™ units, 112 Clubcar units, 30 Antric® units, 120 Logistar™ 210 units, 113 Logistar™ 450 units, 1 Logistar™ 300 unit, 40 Seres 5 units, 5 Joylong-A4 units, and 1 Joylong-EA6 unit. </li><li>Cenntro Inc. sold 19 iChassis™ units in 2025. </li><li>55 Logistar™ 450 units have been submitted for NYTVIP approval, with an estimated aggregate subsidy of approximately $6.7 million. </li></ul><h4>Outlook / Guidance</h4>Cenntro Inc. expects to increase research and development and selling and marketing expenses while aiming to decrease general and administrative expenses over the next two years through efficiency improvements. The company plans to fund future operations primarily through cash on hand, operational cash flow, and potential credit lines or financings, with a strategic focus on regionalizing manufacturing and expanding product offerings. Additionally, Cenntro Inc. anticipates generating revenue from Bison Motor™ and hydrogen-powered heavy-duty vehicles, alongside increased sales from iChassis™ products, starting in 2026.

Cenntro | 10-K: FY2025 Revenue: USD 18.08 M