Ebusco Holding (EBUS) Q3 2025 TU earnings summary

Executive summary

• Delivered 39 buses in Q3 2025, maintaining the stable delivery pace established in Q2 and bringing year-to-date deliveries to 86 buses.

• Expects Q4 2025 deliveries to be at least equal to Q3, supporting ongoing operational stability.

• Focused on rebuilding customer confidence and strengthening internal processes to ensure long-term operational strength.

Financial highlights

• OPEX further reduced in Q3 2025, driven by organizational restructuring and consolidation of Dutch operations.

• On track to achieve a structural annual cost reduction of approximately €30 million by end of FY 2025.

Outlook and guidance

• Expects to deliver at least as many buses in Q4 2025 as in Q3.

• Anticipates positive order momentum from French and German markets as delivery reliability improves.