Earnings release
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Wallbox Announces Second Quarter 2026 Financial Results Wallbox N.V. (NYSE:WBX), a leading provider of electric vehicle (“EV”) charging and energy management solutions worldwide, today announced itsfinancial results for the second quarter ended June 30, 2026 and provided a business update. Second Quarter 2026 Highlights and Business Update: Generated revenue of €23.9 million in the quarter.AC and DC sales order intake increased 11% quarter-over-quarter.Delivered Gross Margin of 38%, improving 70 basis points compared to last quarter.Adjusted EBITDA was €(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 €15.8 million equity raise and additional financing of €5.4 million from our banking partnersstrengthening 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 commercialtraction across our core markets. However, this was not yet fully reflected in revenue, as we have been redefinding our vendor base, limiting our ability toconvert 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 financialvisibility, and secured additional investors to strengthen our capital position. Going forward, we are focused on converting our growing backlog in adisciplined 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 €29 million to €31 millionExpects Gross Margin between 38% and 40%Expects a negative Adjusted EBITDA between €(6.5) million and €(4.5) million 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 audiowebcast and accompanying presentation will be accessible on Wallbox’s Investor Relations website at https://investors.wallbox.com/ . A recording of thewebcast will also be available following the conference call. Second Quarter 2026Unaudited Financial ResultsWallbox N.V.Consolidated Statements of Profit or Loss(In thousand Euros) Year End Quarter End2025 2024 Q2 2026 Q1 2026 Q2 2025Revenue 145,120 163,943 23,918 29,700 38,289Changes in inventories and raw materials andconsumables used (89,582) (107,920)(14,836) (18,626) (23,806)Gross Profit 55,538 56,023 9,082 11,074 14,483Employee 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) - - 1,255Net 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 136Financial expense (17,920) (23,680) (9,461) (5,043) (4,703)Change in fair value of derivative warrant liabilities1,910 1,081 (7,277) 43 419Foreign exchange gains / (losses)11,663 (4,044) (996) (2,528) 7,778Financial Results (3,814) (24,698) (17,723) (7,521) 3,630Loss 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 End2025 2024 Q2 2026 Q1 2026 Q2 2025Loss for the Period (103,195)(151,792)(28,580) (19,358) (16,062)Income tax credit 87 (6,723) (159) 129 903Amortization and depreciation34,189 37,873 4,442 5,668 10,082Financial income (533) (1,945) (11) (7) (136)Financial expenses 17,920 23,680 9,461 5,043 4,703 1 1 1 1 1