Forsee Power Reports Revenue of €105.0 Million as of September 30, 2025 and Confirms Its 2025 Financial Objectives

Regulatory News:

Forsee Power (FR0014005SB3 – FORSE), the expert in smart battery systems for commercial and industrial electric vehicles, announces its revenue for the third quarter of 2025.

Revenue breakdown by segment
IFRS, unautited

(€ thousands)	Q3 2025	Q3 2024	Change	30/09/2025	30/09/2024	Change
Heavy vehicles	21,416	25,488	-16.0%	94,210	101,932	-7.6%
Light vehicles	2,691	3,246	-17.1%	10,784	11,203	-3.7%
Total revenue	24,107	28,734	-16.1%	104,994	113,135	-7.2%

Forsee Power recorded revenue of €24.1 million in the third quarter of 2025, down 16% compared to the same period in 2024. Sales of battery systems for heavy vehicles amounted to €21.4 million, compared with €25.5 million in Q3 2024 (-16%), while sales for light vehicles reached €2.7 million, down 17% year-on-year.

Over the first nine months of the year, total revenue stood at €105.0 million, down 7% compared with the same period in 2024, reflecting the decline in cell prices and consequently on our prices, as well as the postponement of several large-scale programs.

Recent highlights

• Strategic partnership signed with Rolls-Royce

In October 2025, Forsee Power signed a memorandum of understanding with Rolls-Royce for the supply of battery systems, aiming to jointly develop advanced battery-electric propulsion solutions for industrial and transportation applications. This partnership marks a strategic milestone in strengthening the Group’s international presence across high-value markets.