AMSC completes Comtrafo acquisition; Comtrafo 2024 revenue R$365M, net profit R$63.6M

AMERICAN SUPERCONDUCTOR CORP /DE/

Acquisition of all Comtrafo shares closed Dec 5, 2025; real estate assets also purchased.
Comtrafo audited 2024: revenue R$365.1M (~$60M), net profit R$63.6M, total assets R$493.4M.
Auditor KPMG issued qualified opinion due to missing comparative figures per IAS 1.
AMSC filed unaudited pro forma combined financials for periods ended Dec 31, 2025 and Mar 31, 2025.
Comtrafo manufactures electrical transformers; subsidiaries include Eletrotrafo (60% owned).

item 9.01

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