Third Quarter 2025 Highlights:

• Generated revenues of $7.2 million for the three months ended December 31, 2024, an increase of 35% over the previous quarter. Gross profit improved to 14.6% of revenue up from 8.6% for the previous quarter.
• Delivered 13 BEAST Type D all-electric school buses, one Nano BEAST Type A school bus, one EV Star Cargo Plus and 13 EV Star Passenger Vans.
• At the end of the quarter GreenPower had working capital of $12.8 million, an increase of $2.7 million over the previous quarter, and inventory of $28.2 million, consisting of $10.8 million of finished goods, $13.1 million of work-in-process and $4.3 million of parts and components.
• Deferred revenue at the end of the quarter increased to $10.8 million.
• Completed an underwritten offering of 3,000,000 common shares raising gross proceeds of $3 million.