Charging Robotics Reports $696,000 Net Income for First Half of 2025, Significant Asset Growth

Charging Robotics Inc. reported a net income of $696,000 for the six months ending June 30, 2025, a significant improvement compared to a net loss of $382,000 during the same period in 2024. The company’s revenue for the first half of 2025 was bolstered by other income of $1.287 million, which was not present in the previous year. Total operating expenses increased to $482,000 from $362,000 year-over-year, primarily due to higher general and administrative costs. The basic and diluted income per common share for the period was $0.07, compared to a loss of $0.04 per share in the prior year.

In terms of financial position, Charging Robotics saw a substantial increase in total assets, rising to $7.649 million as of June 30, 2025, from $332,000 at the end of 2024. This increase was largely attributed to the acquisition of Revoltz Ltd., which contributed $7.377 million in goodwill. The company’s stockholders’ equity improved to $6.259 million, compared to a deficit of $613,000 at the end of 2024, reflecting the successful capital raise and the acquisition's impact.

Operationally, the company has made significant strides, including the acquisition of a controlling interest in Revoltz, which now holds 51.07% of the company’s shares. This acquisition is expected to enhance Charging Robotics' market position in the electric vehicle charging sector. The company also issued 185,211 shares in a private placement, raising $306,000, and has plans to utilize additional financing through facility loan agreements that could provide up to $3 million in capital.

As of June 30, 2025, Charging Robotics had 11,246,252 shares outstanding, an increase from 9,564,351 shares at the end of 2024. The company continues to focus on research and development, with total R&D costs of $145,000 for the first half of 2025, slightly down from $148,000 in the previous year. Despite the positive financial results, the company acknowledges ongoing challenges, including an accumulated deficit of $2.212 million and the need for further capital to sustain operations and growth.

Looking ahead, Charging Robotics remains cautiously optimistic about its future, emphasizing the importance of securing additional funding to support its business objectives. The company plans to continue leveraging its innovative wireless electric vehicle charging technology while navigating the uncertainties of market conditions and operational demands. Management has indicated that while they expect to incur further operating losses in the near term, they are committed to pursuing strategic opportunities that could enhance their market presence and financial stability.