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Worksport's FY2025: Doubling Sales, Expanding Markets

Published 10 hours ago
Description

Worksport Limited achieved remarkable growth in fiscal year 2025, with net sales nearly doubling to $16.1 million and gross margins surging to 28%. The company shifted focus to its own branded products, launched new solar-integrated and portable energy systems, and expanded manufacturing and R&D capabilities. Despite challenges like rising aluminum costs and tariff impacts, Worksport aims to reach $35-$42 million in revenue in 2026, targeting cash flow positivity through higher volumes, better margins, and dealer expansion.

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