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After a tough year marked by delays and market softness, Fluence Corporation (ASX: FLC) has ended 2024 on a high note, setting the stage for a strong recovery in 2025. The company’s fourth-quarter revenue surged to US$21.2 million, more than doubling any other quarter during the year and delivering a positive EBITDA of US$1.0 million. While the full-year result was impacted by setbacks in its key Ivory Coast project and weaker demand in China, management is confident that the company is now back on track.

Fluence has issued FY 2025 revenue guidance of US$80–95 million, a significant jump from 2024’s US$51.5 million, with EBITDA forecast to turn positive at US$3–5 million. The turnaround comes as the company shifts away from lower-margin, capital-intensive projects and refocuses on its Smart Product Solutions (SPS) and recurring revenue streams—a move that is already paying dividends with improved profitability and a growing order book​.

Fluence’s final quarter of 2024 offered a much-needed boost after what had been a challenging year. The company’s US$21.2 million in revenue for the quarter was a clear sign of momentum building, particularly in its core segments. Gross margins also expanded to 30.1%, reflecting the benefits of its strategic shift towards high-margin business lines​.

New order wins have been steady, with US$9.5 million secured in Q4 alone, bringing total new orders for 2024 to US$50 million, an increase of 5.8% year-on-year (excluding the Ivory Coast Addendum project). The company’s backlog now stands at US$88 million, with US$58.1 million expected to be recognised in FY 2025, covering around two-thirds of its revenue target​.

CEO Tom Pokorsky, who has been leading Fluence’s turnaround strategy, believes the company is now well-positioned for sustainable growth.

“We have realigned our focus to higher-margin products and services, and we’re seeing the benefits of that shift. With the Ivory Coast project now moving forward and a strong order book in place, we expect 2025 to be a year of significant growth and improved profitability.”

Fluence Bounces Back in Q4, Eyes Strong Growth in 2025 Fluence Corporation rebounds in Q4 2024, setting the stage for strong growth and improved profitability in 2025 with strategic shifts and a solid order backlog.