BARCELONA, Spain--(BUSINESS WIRE)--July 30, 2026--
Wallbox N.V. $(WBX)$, a leading provider of electric vehicle ("EV") charging and energy management solutions worldwide, today announced its financial results for the second quarter ended June 30, 2026 and provided a business update.
Second Quarter 2026 Highlights and Business Update:
-- Generated revenue of EUR23.9 million in the quarter.
-- AC and DC sales order intake increased 11% quarter-over-quarter.
-- Delivered Gross Margin1 of 38%, improving 70 basis points compared to
last quarter.
-- Adjusted EBITDA1 was EUR(7.8) million, nearly flat year-over-year.
-- Continued improvement in operational efficiency resulted in a 29%
year-over-year reduction in labor costs and operating expenses.
-- Reduced inventory by approximately 4% compared to the last quarter,
continuing to support incremental cash flow.
-- Completed financial restructuring, including an EUR15.8 million equity
raise and additional financing of EUR5.4 million from our banking
partners strengthening our balance sheet and long-term financial
visibility.
Executive Commentary
Enric Asunción, CEO of Wallbox, said, "In the second quarter of 2026, we saw sequential improvement in order intake, reflecting encouraging commercial traction across our core markets. However, this was not yet fully reflected in revenue, as we have been redefinding our vendor base, limiting our ability to convert orders into deliveries on schedule, resulting in a growing backlog."
Mr. Asunción added, "At the same time, we completed our previously announced financial restructuring, which gives us improved long-term financial visibility, and secured additional investors to strengthen our capital position. Going forward, we are focused on converting our growing backlog in a disciplined way, which we believe will support more efficient operations and continued progress toward profitability."
Financial Outlook - Third Quarter 2026
The following reflects the company's expectations for select key financial metrics for the third quarter of 2026.
-- Expects revenue to be in the range of EUR29 million to EUR31 million
-- Expects Gross Margin1 between 38% and 40%
-- Expects a negative Adjusted EBITDA1 between EUR(6.5) million and
EUR(4.5) million
(1) See Non-IFRS Financial Measures section below
Conference Call Information
Wallbox NV will host a conference call to discuss the results and provide a business update at 8:00 AM Eastern Time today, July 30, 2026. The live audio webcast and accompanying presentation will be accessible on Wallbox's Investor Relations website at https://investors.wallbox.com/. A recording of the webcast will also be available following the conference call.
Second Quarter 2026
Unaudited Financial Results
Wallbox N.V.
Consolidated Statements of
Profit or Loss
(In thousand Euros)
Year End Quarter End
2025 2024 Q2 2026 Q1 2026 Q2 2025
--------- --------- -------- -------- --------
Revenue 145,120 163,943 23,918 29,700 38,289
Changes in inventories
and raw materials and
consumables used (89,582) (107,920) (14,836) (18,626) (23,806)
--------- --------- -------- -------- --------
Gross Profit 55,538 56,023 9,082 11,074 14,483
Employee benefits (51,561) (71,488) (10,297) (9,130) (13,161)
Other operating
expenses (42,701) (54,089) (7,032) (7,996) (11,142)
Amortization and
depreciation (34,189) (37,873) (4,442) (5,668) (10,082)
Impairment of assets (26,755) (26,415) - - 1,255
Net other income 374 25 1,673 12 (142)
--------- --------- -------- -------- --------
Operating Loss (99,294) (133,817) (11,016) (11,708) (18,789)
Financial income 533 1,945 11 7 136
Financial expense (17,920) (23,680) (9,461) (5,043) (4,703)
Change in fair value of
derivative warrant
liabilities 1,910 1,081 (7,277) 43 419
Foreign exchange gains
/ (losses) 11,663 (4,044) (996) (2,528) 7,778
--------- --------- -------- -------- --------
Financial Results (3,814) (24,698) (17,723) (7,521) 3,630
Loss Before Tax (103,108) (158,515) (28,739) (19,229) (15,159)
Income tax credit (87) 6,723 159 (129) (903)
Loss for the Period (103,195) (151,792) (28,580) (19,358) (16,062)
Reconciliation
(In thousand Euros)
Year End Quarter End
2025 2024 Q2 2026 Q1 2026 Q2 2025
--------- --------- -------- -------- --------
Loss for the Period (103,195) (151,792) (28,580) (19,358) (16,062)
Income tax credit 87 (6,723) (159) 129 903
Amortization and
depreciation 34,189 37,873 4,442 5,668 10,082
Financial income (533) (1,945) (11) (7) (136)
Financial expenses 17,920 23,680 9,461 5,043 4,703
Change in fair value of
derivative warrant
liabilities (1,910) (1,081) 7,277 (43) (419)
Foreign exchange
gains/(losses) (11,663) 4,044 996 2,528 (7,778)
--------- --------- -------- -------- --------
EBITDA (65,105) (95,944) (6,574) (6,040) (8,707)
Share based payment
plan expenses 1,746 2,836 62 96 (18)
Other items (374) (25) (1,673) (12) 142
One-time expenses 7,450 6,123 397 (23) 2,292
Other non-cash expenses 67 712 - - 41
Impairment of assets 26,755 26,415 - - (1,255)
--------- --------- -------- -------- --------
Adjusted EBITDA (29,461) (59,883) (7,788) (5,979) (7,505)
Wallbox N.V.
Cash & Cash Equivalents
Cash and Cash
Equivalents
(In thousand Euros)
Quarter Ended June 30 Year Ended December 31
----------------------- ------------------------
2026 2025 2025 2024
------------ --------- ---------- ------------
Cash and cash
equivalents 19,948 27,304 4,446 20,036
Financial Investments
(1) 5,116 5,078 5,133 25,578
------------ --------- ---------- ------------
Cash, cash equivalents
and Financial
Investments 25,064 32,382 9,579 45,614
(1) Financial Investments are included in Other current financial
assets
Wallbox N.V.
Investments and Loans & Borrowings
Investments and Loans & Borrowings
Quarter Ended Year Ended December
(In thousand Euros) June 30 31
---------------- --------------------
2026 2025 2025 2024
------- ------- ------- -----------
Investments in Property, plant and
equipment and Intangible Assets
Property, plant and
equipment (22) 405 619 3,114
Intangible assets -
excluding R&D
(salaries
capitalized) 34 607 1,367 6,790
Total Investments in Property,
plant and equipment and
Intangible Assets 12 1,012 1,986 9,904
Non-Current Liabilities
-- Loans and
Borrowings 140,146 79,765 54,764 66,659
Current Liabilities --
Loans and Borrowings 51,105 101,780 109,902 131,810
Total Loans and Borrowings 191,251 181,545 164,666 198,469
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Wallbox intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical fact should be considered forward-looking statements, including, without limitation, statements regarding Wallbox's expected future operating results and financial position, growth, profitability and cost optimization, including the expected impact of Wallbox's renewed capital structure; industry and company growth, and Wallbox's business strategy and plans and related reinforcement of Wallbox's sales and service organization. The words "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "focus," "forecast," "intend, " "likely," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "target," "will," "would" and similar