GreenPower Motor Company Inc. reported revenue of USD 8.5 million and net income of USD 4.2 million for the third quarter (Q3) ended December 31, 2025. Gross profit on the sale of vehicles was approximately 28%. Revenue for the period was generated from the sale of vehicles, parts, leases, and deferred income. During the quarter, GreenPower completed several recapitalization transactions, including securing two term loans totaling USD 5 million, establishing a new banking relationship with CIBC involving a line of credit and a term loan, repaying its existing bank line of credit, exchanging USD 7 million of related party loans for convertible debentures, and exchanging USD 3 million of related party loans for Series B Convertible Preferred Shares. The company highlighted continued progress in the deployment of all-electric, purpose-built school buses in New Mexico as part of a state-sponsored, two-year zero emissions school bus pilot project. GreenPower is focusing on meeting the specific needs of New Mexico school districts, including operational challenges in both city and rural settings, charging infrastructure, and performance in extreme cold weather at high elevations. The company has also transitioned from building electric vehicles on speculation to a production strategy driven by customer orders.
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. GreenPower Motor Company Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: LA87537) on February 13, 2026, and is solely responsible for the information contained therein.
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