TPI Composites Faces Financial Challenges Amid Restructuring

TPI Composites Inc (TPICQ) has reported significant financial challenges in its Q3 earnings for 2025, with a net loss of $128.2 million, up from $40.1 million the previous year. Revenue also declined to $234.4 million from $259.2 million. The company is undergoing Chapter 11 bankruptcy proceedings to restructure its operations and has secured debtor-in-possession financing. TPI Composites aims to stabilize its financial position while continuing operations in the renewable energy sector.

TPI COMPOSITES INC | 10-Q: FY2025 Q3 Revenue: USD 234.41 M

TPI Composites Director James A. Hughes Resigns

TPI Composites Inc. announced the resignation of James A. Hughes from its board of directors, effective November 3, 2025. The company clarified that there were no disagreements regarding operations, policies, or practices that prompted his departure.

TPI Composites Inc. Releases Pro Forma Financials Following Sale of Turkish Subsidiaries in M&A Transaction

TPI Composites Inc. has released unaudited pro forma financial statements following the sale of its Turkish subsidiaries, TPI Türkiye, on September 10, 2025. The transaction involved the sale of two wind blade manufacturing facilities and a field service business in Izmir, Türkiye. The pro forma statements reflect the removal of TPI Türkiye’s operations from TPI Composites’ financials and indicate a preliminary gain from the transaction, although actual results may vary. TPI Türkiye was a significant part of TPI Composites’ EMEA segment.

TPI Composites files for Chapter 11, secures up to $82.5M funding, aims to restructure for long-term success.

The company has successfully negotiated an agreement with its senior secured lenders regarding the utilization of cash collateral. Additionally, they have secured up to $82.5 million in debtor-in-possession financing. These arrangements are subject to final documentation and court approval.