Electrovaya publishes MD&A for period ended March 31, 2026

• Electrovaya published MD&A covering first half of FY2026, forecasting revenue growth above 30% versus FY2025, targeting more than USD 83 million.
• Revenue rose to USD 33.6 million for six months ended March 31, 2026 from USD 26.2 million year-earlier; gross margin widened to 33.2% from 30.9%.
• Net profit increased to USD 2.06 million from USD 408,000; cash and cash equivalents ended period at USD 20.38 million, restricted cash at USD 3.16 million.
• Jamestown, New York gigafactory build-out remained key priority, with commercial cell manufacturing targeted for early FY2027; first-phase capital expenditure estimated at about USD 50 million, supported by USD 50.8 million EXIM financing.
• Recent operating updates included about USD 10.5 million in new OEM-channel purchase orders for Infinity battery systems, UL2580 certification for six next-generation high-voltage battery models, expansion into Japan, launch of Infinity systems for walkie pallet jacks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Electrovaya Inc. published the original content used to generate this news brief on May 14, 2026, and is solely responsible for the information contained therein.