- Brenmiller published its annual report on Form 20-F for the fiscal year ended Dec. 31, 2025, reporting revenue of USD 387,000 from the sale of a thermal energy storage unit to a customer in Europe.
- Cost of revenues more than doubled to USD 3.6 million, driven primarily by a USD 1.6 million write-down of work-in-progress inventory to net realizable value tied to a commercial-scale project under construction and project-specific commercial and contractual developments.
- Operating loss increased 21% to USD 12.7 million as the company maintained a pre-commercialization cost structure and recorded project-related impacts.
- Net loss more than doubled to USD 13.9 million as net financial results shifted to expenses of USD 1.04 million, reflecting the absence of 2024 non-cash financial income and higher foreign exchange losses tied mainly to EUR/USD movements affecting Euro-denominated items including the European Investment Bank loan.
- Cash, cash equivalents and restricted deposits rose 20% to USD 4.95 million, and management said it expects additional financing will be required while the auditor’s report included an explanatory paragraph regarding substantial doubt about the company’s ability to continue as a going concern.
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. Brenmiller Energy Ltd. 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: 0001213900-26-034046), on March 25, 2026, and is solely responsible for the information contained therein.
Comments