VivoPower PLC (VIVO) Form 20-F — Nov 2, 2026
VivoPower's FY26 annual report shows a $47.9 million net loss and restated FY2025 comparatives, with the company confirming error corrections requiring an incentive-compensation clawback analysis under Rule 10D-1. The company has pivoted from sustainable energy and EV businesses to a Nordic AI data center platform centered on the 41.5 MW Mo i Rana facility in Norway, acquired for $37.7 million in May 2026. Liquidity is a central concern: $59.3 million of a $60.5 million Regulation S subscription from the Ceres consortium remains unpaid, and the company must fund $10.25 million of deferred acquisition payments due November 2026 and May 2027.
Key figures
- Net Loss
- $47.9 million (FY26); $17.5 million restated (FY25); $46.7 million (FY24)
- Debt Amount
- $39.0 million total debt obligations at June 30, 2026 (vs $29.2 million at June 30, 2025)
- Mo i rana capacity mw
- 41.5
- Ceres unpaid subscription
- US$59.3 million of US$60.5 million unpaid at June 30, 2026
- Liang group stake percent
- 8.3
- Shares outstanding class a
- 30724084
- Mo i rana acquisition value
- US$37.7 million
- Deferred consideration total
- US$10.25 million (US$5.0M Nov 2026, US$5.25M May 2027)
- Equity investments fair value
- US$7.4 million
- Proforma revenue acquired entities fy2025
- US$23.6 million (pro forma), US$11.4 million IFRS pre-adjustment
AI analysis
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