GGR News & Events

Reports Q1 revenue $62.9M vs. $63.62M last year. Q1 adjusted EBITDA was $16.3M, an increase of $2.0M from $14.3M in the same period last year. "We delivered a strong start to 2026, and this is only the beginning of our next product and growth cycle. In the first quarter, we saw encouraging recovery in sales volume driven by the launch of our new vehicle models, helping us regain market momentum and reinforcing confidence in our product roadmap. While we are still in the early stages of expanding our product offerings, the progress we are seeing across our product portfolio and ecosystem development positions us well for stronger execution in the quarters ahead," said Henry Chiang, CEO. "At the same time, our recurring revenue business continues to demonstrate the resilience and stickiness of the Gogoro Network. We remain focused on improving network profitability while continuing strategic investments in R&D and next-generation platforms to be able to expand our addressable market and strengthen the long-term foundation of our business."

Anticipates the Gogoro Network battery-swapping business will achieve non-IFRS profitability in 2026, with the hardware business continuing to target non-IFRS profitability in 2028.

Gogoro has entered into a Share Purchase Agreement with Gold Sino, the company's largest shareholder that holds 31.4% of the company's total outstanding shares, pursuant to which Gold Sino agreed to make a new equity investment in the amount of approximately $16.7M in the Company. The New Equity Investment will be the first equity investment secured by Yin Chung Yao, a director of the company and an affiliate of Gold Sino. The New Equity Investment will comprise of 5,300,000 newly issued ordinary shares, par value 0.2c per share, of the company to be subscribed by Gold Sino for a total subscription price of $16,695,000. Upon completion of the New Equity Investment, Gold Sino is expected to hold 49% of the ctotal outstanding shares. The company expects that the closing of the New Equity Investment will occur on or before March 31.

Gogoro announced that it will implement a 1-for-20 share consolidation of the company's ordinary shares, effective at 00:00 a.m. Eastern Time on Monday, October 6. The consolidation is intended to increase the per-share trading price of the ordinary shares to enable the company to regain compliance with the minimum bid price requirement for continued listing on Nasdaq. The company's ordinary shares are expected to begin trading on a split-adjusted basis when the markets open on Monday, October 6 under the existing trading symbol.