Form 8-K · Current Report · Filed 2025-05-14

Nextracker Reports Strong Q4 FY25 Results and Announces Acquisition of Bentek

Nextracker Inc. reported its financial results for Q4 and full fiscal year 2025, revealing record Q4 revenue of $924 million, a 26% increase year-over-year. The company also announced the launch of its electrical balance-of-systems (eBOS) business with the acquisition of Bentek Corporation for approximately $78 million. The acquisition aims to provide customers with streamlined procurement and project logistics from a single source. Additionally, the company provided an outlook for fiscal year 2026, projecting revenue between $3.2 to $3.4 billion and adjusted EBITDA between $700 to $775 million. Jonathan Coslet, a Board member, also notified the company of his decision not to stand for reelection at the 2025 Annual Meeting, leading to a reduction in Board size from nine to eight directors.