Eco Wave Power Global AB (publ) Q2 FY2025 earnings call

• Aharon Yehuda provided an overview of financial results: operating expenses, R&D, sales/marketing, general and administrative, other income, net loss, and cash position.
• Inna Braverman discussed commercialization strategy: multilayered approach with building pilot projects, advancing Portugal megawatt scale project, reducing cost of floaters. Product updates: completed installation of U.S. project, preparation for Portugal megawatt project, Asia expansion (India, Taiwan), EWP-EDF One project in Israel, Africa feasibility study, participation in Atlantic Wave Energy Sustainable Deployment Initiative, and Hilary Ackermann joining the Board of Directors.

For H1 2025, operating expenses totaled $1.6 million, an increase of $239,000 from H1 2024. R&D expenses rose 25% to $399,000. Sales and marketing expenses decreased by $123,000. General and administrative expenses climbed 22% to $1.1 million. Other income nearly doubled to $62,000. The net loss for H1 2025 was $1.9 million. The company ended the period with $7.94 million in cash and short-term bank deposits.

• Continues to advance projects in key markets globally.
• Focuses on executing projects efficiently while maintaining technical standards.
• Aims to commercialize wave energy as a mainstream renewable solution through technological innovation and cost efficiency.
• Seeks to expand into new markets and partnerships to grow the business.