ECD Automotive Design Inc. reported third quarter 2025 revenue of $5.8 million, down from $6.4 million in the third quarter of 2024. The company posted a net income of $2.2 million, an increase of $4.8 million from a loss in the prior-year period, primarily due to non-cash fair value adjustments. Adjusted EBITDA was negative $4.7 million, a $4.2 million improvement from the previous year. The company recorded a gross loss of $1.7 million compared to a gross profit of $2.0 million in the same quarter last year, mainly due to non-recurring labor and consumable releases from completing older builds. Operating expenses rose to $3.4 million from $2.6 million, largely due to increased legal fees and lease recognition, resulting in an operating loss of $5.0 million, up $4.4 million from the prior year. Business developments during the period included a new collaborative line with the Chelsea Truck Company for modern Land Rover Defender and INEOS Grenadier builds, and the launch of bespoke Porsche 911 builds through the Boutique Division.
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. ECD Automotive Design Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9580093-en) on November 21, 2025, and is solely responsible for the information contained therein.
Comments