| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net (loss)/profit | -45,757 | -44,268 |
| Loss on disposal of property, plant and equipment | 412 | 147 |
| Gain on debt restructuring | 792 | 792 |
| Interest expense | 0 | 0 |
| Depreciation of property, plant and equipment | 24,169 | 16,091 |
| Amortization of land use right and intangible assets | 578 | 384 |
| Noncash lease expenses | 1,962 | 1,311 |
| Share-based compensation | 2,277 | 1,549 |
| Changes in fair value of warrant liability and convertible loan | -91,002 | -78,361 |
| Allowance of credit losses | 1,844 | 2,191 |
| Write-down for obsolete inventories | 4,724 | 0 |
| Impairment loss of long-lived assets | 1,400 | 1,364 |
| Product warranty | 13,376 | 8,512 |
| Notes receivable | 18,270 | 13,957 |
| Accounts receivable | 22,960 | 513 |
| Inventories | -17,382 | -7,051 |
| Prepaid expenses and other current assets | -7,568 | -8,830 |
| Amounts due to related parties | -5 | -5 |
| Operating lease right-of-use assets | 621 | 784 |
| Other non-current assets | -1,070 | -312 |
| Notes payable | 4,225 | -8,801 |
| Accounts payable | -6,813 | 6,264 |
| Advance from customers | -38,176 | -2,279 |
| Accrued expenses and other liabilities | 20,289 | -16,802 |
| Operating lease liabilities | -1,181 | -640 |
| Other non-current liabilities | 1,783 | 797 |
| Net cash generated from/(used in) operating activities | 59,486 | 44,323 |
| Purchases of property, plant and equipment | 19,191 | 5,207 |
| Proceeds on disposal of property, plant and equipment | 3,736 | 129 |
| Proceeds from maturity of short-term investments | 0 | 0 |
| Net cash used in investing activities | -15,455 | -5,078 |
| Proceeds from borrowings | 70,050 | 59,571 |
| Repayment of bank borrowings | 65,965 | 56,184 |
| Convertible loan | 0 | 0 |
| Repayment of bonds payable | 1,375 | 1,375 |
| Payment for debt issue costs | 0 | 0 |
| Deferred payment related to purchases of property, plant and equipment | 12,254 | 8,811 |
| Net cash (used in)/ generated from financing activities | -9,544 | -6,799 |
| Effect of exchange rate changes | -1,461 | -3,227 |
| Increase in cash, cash equivalents and restricted cash | 33,026 | 29,219 |
| Cash and cash equivalents at beginning of period | 109,601 | - |
| Cash and cash equivalents at end of period | 142,627 | - |
Microvast Holdings, Inc. (MVST)
Microvast Holdings, Inc. (MVST)