Wrap Text
Unaudited financial results for the first half of fiscal 2026
POWERFLEET, INC.
Incorporated in the United States of America
(File number: 7272486)
Nasdaq share code: AIOT JSE share code: PWR
ISIN: US73931J1097
LEI 2549007NKEFPYEH4MF81
("Powerfleet" or "Company")
UNAUDITED FINANCIAL RESULTS FOR THE FIRST HALF OF FISCAL 2026
On November 10, 2025, Powerfleet reported its financial results for the second quarter ended September 30, 2025. A
Form 8-K has been filed by Powerfleet (the "Form 8-K") with the U.S. Securities and Exchange Commission in this
regard pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Summarized Financial Metrics
Six months ended September 30,
2025 2024 % change
(All figures in USD'000, except per share data)
Revenue 215,800 152,448 42%
Operating profit/(loss) 2,205 (17,662) 113%
Basic loss per share (0.11) (0.23) 52%
Headline loss (14,499) (24,212) 40%
Headline loss per share (0.11) (0.23) 52%
Adjusted EBITDA 44,914 28,212 59%
Net asset value 468,979 451,110 4%
Investor Conference Call
Powerfleet management will hold a conference call on Monday, November 10, 2025, at 8:30 a.m. Eastern time (5:30
a.m. Pacific time) to discuss results for the second quarter fiscal 2026 ended September 30, 2025, and provide a business
update.
Date: Monday, November 10, 2025
Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time)
Toll Free: 888-506-0062
International: 973-528-0011
Participant Access Code: 706489
The conference call will be broadcast simultaneously and available for replay at
https://www.webcaster5.com/Webcast/Page/2467/53048. Additionally, both the webcast and accompanying slide
presentation will be available via the investor section of the Company's website at https://ir.powerfleet.com/.
Headline Loss Per Share
The inclusion of headline loss per share in this results announcement is a requirement of our listing on the JSE. Basic
and diluted headline loss per share is calculated using net loss which has been determined based on accounting principles
generally accepted in the United States of America. Accordingly, this may differ to the headline loss/earnings per share
calculation of other companies listed on the JSE as these companies may report their financial results under a different
financial reporting framework, including but not limited to, International Financial Reporting Standards.
The table below presents a reconciliation between net loss for the period attributable to common stockholders of the
Company to headline loss attributable to common stockholders for the six months ended September 30, 2025 and 2024.
Six months ended September 30,
2025 2024
(All figures in thousands, except per share data)
Net loss attributable to common stockholders $ (14,522) $ (24,225)
Adjusted for:
Loss on sale of plant and equipment 79 14
Impairment of intangibles (49) -
Tax effect (7) (1)
Headline loss $ (14,499) $ (24,212)
Weighted average common shares outstanding on which the net loss 133,510 107,335
attributable to common shareholders per share and headline loss per share has
been calculated - basic and diluted
Net loss per share attributable to common stockholders – basic and diluted $ (0.11) $ (0.23)
Headline loss per share attributable to common stockholders – basic and $ (0.11) $ (0.23)
diluted
Short-Form Announcement
This announcement is the responsibility of the directors of Powerfleet and is only a summary of the information in the
unaudited second quarter 2026 financial results ("earnings announcement") and does not contain full or complete
details. Any investment decision by investors and/or stockholders should be based on a consideration of, inter alia, the
earnings announcement.
The earnings announcement has been filed with the Securities and Exchange Commission and has been released on
SENS and is available on the JSE website at https://senspdf.jse.co.za/documents/2025/JSE/isse/PWRE/Q22026.pdf. The
earnings announcement is also available for viewing on the Company's website (https://ir.powerfleet.com/).
A copy of the Form 8-K can be found at: https://www.sec.gov/edgar/browse/?CIK=1774170&owner=exclude.
Powerfleet has a primary listing on The Nasdaq Global Market and a secondary listing on the Main Board of the JSE.
November 10, 2025
Sponsor
Java Capital
Date: 10-11-2025 02:00:00
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