Advent Technologies Holdings, Inc. | 10-Q: FY2025 Q3 Revenue: USD 62 K

Revenue: As of FY2025 Q3, the actual value is USD 62 K.

EPS: As of FY2025 Q3, the actual value is USD 2.92.

EBIT: As of FY2025 Q3, the actual value is USD -1.689 M.

Segment Revenue

• Total Revenue: $62 thousand for the three months ended September 30, 2025, compared to $128 thousand for the same period in 2024, representing a decrease of 51.6%.
• Total Revenue: $293 thousand for the nine months ended September 30, 2025, compared to $3,520 thousand for the same period in 2024, representing a decrease of 91.7%.

Operational Metrics

• Gross Loss: - $375 thousand for the three months ended September 30, 2025, compared to - $208 thousand for the same period in 2024, representing an increase in loss of 80.3%.
• Gross Loss: - $848 thousand for the nine months ended September 30, 2025, compared to a gross profit of $2,624 thousand for the same period in 2024, representing a decrease of 132.3%.
• Operating Loss: - $2,374 thousand for the three months ended September 30, 2025, compared to - $7,927 thousand for the same period in 2024, representing a decrease in loss of 70.1%.
• Operating Loss: - $8,237 thousand for the nine months ended September 30, 2025, compared to - $9,619 thousand for the same period in 2024, representing a decrease in loss of 14.4%.
• Net Income (Loss) from Continuing Operations: $8,625 thousand for the three months ended September 30, 2025, compared to - $9,615 thousand for the same period in 2024, representing an increase of 195.4%.
• Net Income (Loss) from Continuing Operations: $1,554 thousand for the nine months ended September 30, 2025, compared to - $29,244 thousand for the same period in 2024, representing an increase of 105.3%.

Cash Flow

• Net Cash Provided by (Used in) Operating Activities: - $895 thousand for the nine months ended September 30, 2025, compared to $3,088 thousand for the same period in 2024, representing a decrease of 129.0%.
• Net Cash Provided by (Used in) Investing Activities: - $30 thousand for the nine months ended September 30, 2025, compared to $272 thousand for the same period in 2024, representing a decrease of 111.0%.
• Net Cash Provided by Financing Activities: $2,118 thousand for the nine months ended September 30, 2025, compared to $282 thousand for the same period in 2024, representing an increase of 651.1%.

Unique Metrics

• Income from Grants: $175 thousand for the three months ended September 30, 2025, compared to $137 thousand for the same period in 2024, representing an increase of 27.7%.
• Income from Grants: $218 thousand for the nine months ended September 30, 2025, compared to $1,399 thousand for the same period in 2024, representing a decrease of 84.4%.
• Credit Loss – Customer Contracts: $30 thousand for the three months ended September 30, 2025, compared to - $4,309 thousand for the same period in 2024, representing a decrease of 100.7%.
• Credit Loss – Customer Contracts: - $485 thousand for the nine months ended September 30, 2025, compared to - $4,309 thousand for the same period in 2024, representing a decrease of 88.7%.
• Other Income / (Expenses), Net: $11,723 thousand for the three months ended September 30, 2025, compared to - $2 thousand for the same period in 2024, representing an increase of 586,250.0%.
• Other Income / (Expenses), Net: $11,725 thousand for the nine months ended September 30, 2025, compared to $4 thousand for the same period in 2024, representing an increase of 293,025.0%.

Future Outlook and Strategy

Core Business Focus

• RHyno Project: Advent Technologies Holdings, Inc. has been awarded €34.5 million by the EU Innovation Fund for the RHyno Project, which involves the development and manufacturing of innovative fuel cells and electrolysers.
• Airbus Collaboration: Advent has entered into an agreement with Airbus for a joint benchmarking project to develop an optimized Ion Pair™ Membrane Electrode Assembly for hydrogen fuel cells.
• Honey Badger 50™ Fuel Cell System: Advent launched the HB50 power system, a compact portable fuel cell system for off-grid field applications, and secured a new $2.2 million contract with the US Department of Defense.

Non-Core Business

• Bankruptcy of Advent Technologies A/S: Advent Technologies A/S was declared bankrupt, and its assets will be liquidated by the court-appointed trustee.
• Settlement Agreement with F.E.R.: Advent entered into a settlement agreement with F.E.R. fischer Edelstahlrohre GmbH to pay €5,366,625.55 in monthly installments, with a reduced settlement amount if paid by June 30, 2026.