HGears AG Exceeds 2025 Revenue Expectations Despite Cash Flow Reclassification

In 2025, hGears AG Group reported preliminary revenue of EUR 91.6 million, surpassing management's guidance of EUR 87-90 million. This was largely due to stronger-than-expected performance in the e-Mobility and e-Tools sectors, which helped to mitigate the sluggish growth in the e-Bike division. Adjusted EBITDA also exceeded projections, reaching EUR 1.4 million despite lower overall volumes and revenues compared to the prior year.

However, an accounting-related reclassification of EUR 2.1 million from investing to financing activities resulted in a negative free cash flow of EUR -3.3 million, below the predicted range of EUR -2 to 0 million. This adjustment did not affect the net cash flow, and the company's cash reserves ended the year at EUR 8.7 million, slightly above expectations.

Sven Arend, Chairman of the Management Board, had his contract extended by three years. The company plans to release its comprehensive 2025 report on March 25, 2026, followed by a live webcast.