Eco Wave Power FY 2025 net loss widened 77% to USD 3.72 million

Reuters03-12 20:37

Eco Wave Power FY 2025 net loss widened 77% to USD 3.72 million

Eco Wave Power reported FY 2025 revenue of USD 38 thousand, down 77%, from services provided for a feasibility study in South Africa. FY 2025 net loss widened 77% to USD 3.72 million, while operating loss increased 28% to USD 3.13 million, primarily due to higher operating expenses. Research and development expenses rose 37% to USD 0.73 million, mainly driven by higher R&D spending in Israel, Portugal and Los Angeles. Sales and marketing expenses increased 36% to USD 0.41 million, mainly due to new hiring in the U.S. subsidiary and marketing tied to the U.S. pilot station opening in the Port of Los Angeles. Eco Wave Power said it ended FY 2025 with USD 6.3 million in cash, cash equivalents and short-term bank deposits, and expects existing cash to fund operations for at least the next 12 months.

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. Eco Wave Power Global AB (publ) published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-026655), on March 12, 2026, and is solely responsible for the information contained therein.

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