LOBO EV sees FY25 revenue $28M-$30M vs. $21.2M last year

The company said, “According to the latest forecast, the Company expects continued strong growth in both revenue and profitability. Total revenue for fiscal year 2025 is projected to range between $28M and $30M, representing about 30-40% increase compared with fiscal 2024 revenue of $21.2M. The Company anticipates achieving a gross profit margin of approximately 17%, an improvement of almost 5 percentage points over 2024, and expects to report a gross profit of approximately $4.8M. Based on current projections, LOBO anticipates a turnaround to profitability, with net income after accounting for all kinds of costs, marking a record and milestone for the Company since it went to public. As of September 2025, LOBO’s cumulative sales order value reached $20M, of which approximately $15M has already been collected from completed orders. This progress reflects the Company’s ongoing investment in research and development, production optimization, and cost-control initiatives. Based on internal analysis, LOBO reports encouraging indicators for sustainable profitability. Key metrics include an asset turnover ratio of 1.35, an equity multiplier of 2.63. Collectively, these indicators are basically all at an upper-middle or higher level within the industry, and underscore LOBO’s continued operational efficiency and financial discipline. As of September 30, 2025, cash and cash equivalents increased to $1.97M from $1.12M at year-end 2024. Although the amount increased is moderate, the Company has demonstrated sustainable and meaningful improvement in liquidity and working-capital management. The Company’s revised 2025 performance forecast reflects accelerating international market demand and continued execution of its strategic expansion. In Africa, LOBO has achieved meaningful progress through partnerships with local distributors and the successful delivery of bulk orders in Kenya, generating an estimated $1.2M in revenue included in 2025 projections. LOBO plans to establish a wholly-owned subsidiary in Nairobi, Kenya and Ghana by year-end 2025. The subsidiary will focus on electric motorcycle parts sales, local resource integration, and supply-chain optimization under a ‘China core team + local talent’ model. The Company anticipates significant growth potential in this region over the next two to three years, positioning Africa as a major revenue contributor alongside Europe and the Latin America. These initiatives support the Company’s long-term goal of achieving sustainable revenue and margin expansion.”