$WAVE

Eco Wave Power Global AB (publ)

CIK:0001846715|SEC Filings

Consolidated Statements of Loss - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Loss - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Condensed Consolidated Statements of Comprehensive Loss [Abstract]
REVENUES	$ 38	$ 168	$ 306
COST OF REVENUES	(16)	(42)	(59)
GROSS PROFIT	22	126	247
OPERATING EXPENSES
Research and development expenses	(733)	(536)	(519)
Sales and marketing expenses	(409)	(301)	(375)
General and administrative expenses	(2,078)	(1,773)	(1,764)
Other income, net	161	225	17
Share of net loss of a joint venture accounted for using the equity method	(95)	(79)	(19)
TOTAL OPERATING EXPENSES	(3,154)	(2,464)	(2,660)
OPERATING LOSS	(3,132)	(2,338)	(2,413)
Financial expenses	(863)	(204)	(55)
Financial income	271	434	602
FINANCIAL (EXPENSES) INCOME - NET	(592)	230	547
NET LOSS	(3,724)	(2,108)	(1,866)
ATTRIBUTABLE TO:
The parent company shareholders	(3,697)	(2,077)	(1,710)
Non-controlling interests	(27)	(31)	(156)
NET LOSS	$ (3,724)	$ (2,108)	$ (1,866)
LOSS PER COMMON SHARE – BASIC (in Dollars per share)	$ (0.08)	$ (0.04)	$ (0.07)
LOSS PER COMMON SHARE – DILUTED (in Dollars per share)	$ (0.08)	$ (0.04)	$ (0.07)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES USED IN CALCULATION OF LOSS PER COMMON SHARE (in Shares)	46,723,046	44,500,979	44,394,844

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
CASH FLOWS - OPERATING ACTIVITIES:
Net loss	$ (3,724)	$ (2,108)	$ (1,866)
Adjustments for:
Depreciation and amortization	254	134	170
Interest expenses	54	44	45
Interest income	(271)	(118)	(405)
Foreign exchange loss (gain) on cash and cash equivalents	443	(9)
Share of loss of a joint venture	95	79	19
Realization of foreign currency translation reserve on foreign subsidiaries disposed off in 2025	(15)
Loss on sale of fixed assets	3
Changes in operating assets and liabilities
(Increase) Decrease in trade receivables	(54)	169	(202)
Decrease (Increase) in other receivables and prepaid expenses	27	(26)	(256)
Increase (decrease) in accounts payable and accruals	111	18	(106)
Share based payment to a vendor	37
Net cash used in operating activities	(3,040)	(1,817)	(2,601)
CASH FLOWS – INVESTING ACTIVITIES:
Interest received on deposits	288	396	279
Proceeds from short term deposits	1,155	4,000	5,000
Investments in short term deposits		(1,405)	(4,000)
Investment in a joint venture	(75)	(32)	(50)
Purchase of property and equipment	(525)	(33)	(6)
Proceeds from sale of property	72
Net cash provided by investing activities	915	2,926	1,223
CASH FLOWS - FINANCING ACTIVITIES:
Issuance of share capital, net of issuance cost of $272		2,728
Share repurchases	(27)	(50)
Principal elements of lease payments	(144)	(98)	(75)
Interest elements of lease payments	(15)	(3)	(6)
Net cash (used in) provided by financing activities	(186)	2,577	(81)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(2,311)	3,686	(1,459)
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR	7,845	4,281	5,295
EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS	488	(122)	445
CASH AND CASH EQUIVALENTS - END OF YEAR	6,022	7,845	4,281
Non-cash Investing and financing activities
Recognition of right of use asset and lease liability (see Note 8)	$ 66	$ 197

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
CURRENT ASSETS:
Cash and cash equivalents	$ 6,022	$ 7,845
Short-term bank deposits		1,254
Restricted short-term bank deposits	251	220
Trade receivables	9	33
Other receivables and prepaid expenses	254	93
TOTAL CURRENT ASSETS	6,536	9,445
NON-CURRENT ASSETS:
Property and equipment, net	929	561
Right-of-use assets, net	137	195
Investments in a joint venture accounted for using the equity method	534	481
TOTAL NON-CURRENT ASSETS	1,600	1,237
TOTAL ASSETS	8,136	10,682
CURRENT LIABILITIES:
Loans from related party	1,042	1,011
Current maturities of long-term loan	139	91
Accounts payable and accruals:
Trade	130	70
Other	1,181	969
Current maturities of lease liabilities	133	98
TOTAL CURRENT LIABILITIES	2,625	2,239
NON-CURRENT LIABILITIES:
Long-term loan	24	47
Lease liabilities, net of current maturities		96
TOTAL NON-CURRENT LIABILITIES	24	143
COMMITMENTS
TOTAL LIABILITIES	2,649	2,382
EQUITY:
Common shares	102	102
Share premium	25,882	25,845
Treasury shares	(77)	(50)
Foreign currency translation reserve	(1,466)	(2,368)
Accumulated deficit	(18,768)	(15,071)
Capital and reserves attributable to parent company shareholders	5,673	8,458
Non-controlling interest	(186)	(158)
TOTAL EQUITY	5,487	8,300
TOTAL LIABILITIES AND EQUITY	$ 8,136	$ 10,682