EBON · Ebang International Holdings Inc.

Ebang International Holdings Inc. announced fiscal year 2025 results showing revenue growth primarily from the November 2024 renewable energy business acquisition in Australia and rental income from idle office space, offsetting stable performance in other segments. Cost of revenues rose sharply due to higher sales volume and a US$1.7 million VAT recoverable impairment, compressing gross profit. Operating expenses declined significantly through cuts in selling (down 51.5%) and G&A expenses (down 25.4%), though offset by US$1.1 million intangible asset impairment and US$1.3 million goodwill impairment. Other income included US$8.5 million interest income and US$3.1 million exchange gain, contributing to a narrower net loss. CEO Dong Hu highlighted a 'progress amid stability' strategy, focusing on electrical power equipment and new materials for future growth amid market volatility. Balance sheet remains strong with US$200.2 million in cash, supporting transition to high-quality development in renewable energy and related sectors.