EVE Energy (300014) Q3 2025 earnings summary

Executive summary

• Achieved revenue of ¥45.0 billion for the first three quarters of 2025, up 32.17% year-over-year.

• Net profit attributable to shareholders was ¥2.82 billion, down 11.70% year-over-year; Q3 net profit rose 15.13% year-over-year.

• Excluding equity incentive expenses and bad debt provisions, adjusted net profit grew 18.40% year-over-year.

• Q3 net profit increased 50.70% year-over-year and 30.43% sequentially.

• Power battery shipments reached 34.59GWh (up 66.98%), energy storage battery shipments 48.41GWh (up 35.51%).

Financial highlights

• Operating cash flow for Q3 was ¥4.90 billion, up 131.71% year-over-year.

• Basic EPS for the first three quarters was ¥1.38, down 11.54% year-over-year; diluted EPS was ¥1.29, down 17.31%.

• Total assets at period end were ¥116.37 billion, up 15.34% from year-end 2024.

• Shareholders’ equity was ¥39.87 billion, up 6.10% from year-end 2024.

Outlook and guidance

• Management expects revenue scale to reach a new level and profitability to continue improving as one-off historical impacts subside.