Cenntro Electric Flags Delay in 2025 Annual Report

Cenntro Electric Group ( (CENN) ) has released a notification of late filing.

Cenntro Electric Group, through its unit Cenntro Inc., has filed a Form 12b-25, notifying investors that its Form 10-K (Yearly Report) for the year ended December 31, 2025 will be delayed. The company says it cannot complete the annual report and required financial statements, nor have them fully audited, within the original March 31, 2026 deadline.

The delay is driven by ongoing work to compile necessary financial information and additional time needed by the independent registered public accounting firm to finish its review. Cenntro stresses that filing by the original due date would have required unreasonable effort or expense, prompting the late-filing notification under SEC rules.

The company expects to submit its Form 10-K (Yearly Report) no later than the fifteenth calendar day after the prescribed due date. Investors should therefore look for the annual report to be filed on or before mid-April 2026, assuming there are no further complications.

Preliminary figures point to a sharp deterioration in financial performance for 2025. Cenntro anticipates a net loss from continuing operations of about $68.9 million, nearly double the roughly $34.1 million loss recorded in 2024.

Net revenues are expected to fall around 42% to $18.1 million in 2025 from $31.3 million a year earlier, mainly because of lower electric vehicle sales volume. Gross profit has swung to a gross loss of about $2.3 million in 2025 versus a gross profit of $7.6 million in 2024, hurt by weaker absorption of production costs and roughly $2.8 million of inventory write-offs.

Net loss attributable to shareholders is projected to widen to approximately $73.0 million, compared with $44.9 million in 2024. Management cites a net non-cash charge of about $10.2 million tied to changes in the fair value of convertible promissory notes and related derivatives, plus a non-cash charge of roughly $26.6 million from changes in the fair value of equity securities.

Cenntro cautions that these figures are preliminary, remain under review by its accounting staff and auditors, and could differ materially from the final numbers in the Form 10-K (Yearly Report). These statements are effectively forward-looking and subject to revision once the audit is complete.

The company confirms that all other required periodic reports over the past 12 months have been filed, signalling ongoing baseline compliance with SEC reporting obligations. Cenntro indicates it is working with its auditors to finalize the 2025 accounts and complete the annual filing process as soon as practicable.

The notification is signed on behalf of Cenntro Inc. by Chief Financial Officer Edward Ye, dated March 31, 2026. His signature underscores management’s responsibility for the delayed filing disclosure and its commitment to bring the company back into full and timely reporting status.

The most recent analyst rating on (CENN) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on Cenntro Electric Group stock, see the CENN Stock Forecast page.

Spark’s Take on CENN Stock

According to Spark, TipRanks’ AI Analyst, CENN is a Neutral.

Cenntro Electric Group’s overall stock score is primarily impacted by its weak financial performance and concerning valuation. The company faces significant financial challenges, with declining revenues and negative profitability metrics. Technical analysis indicates bearish momentum, further weighing on the stock. The negative P/E ratio highlights valuation concerns, making the stock less attractive to investors.

To see Spark’s full report on CENN stock, click here.

More about Cenntro Electric Group

Average Trading Volume: 2,146,842

Technical Sentiment Signal: Strong Sell

Current Market Cap: $9.64M

See more data about CENN stock on TipRanks’ Stock Analysis page.