Slide 1: 2025 Earnings Report
2025 EARNINGS REPORT wallbox #
Slide 2: Earnings Report Presenters
2025 EARNINGS REPORT Enric Asunción Luis Boada Michael Wilhelm Co-Founder & Chief Financial Officer Investor Relations Chief Executive Officer
Slide 3: Disclaimer
Disclaimer This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities
Slide 4: Highlights
Q1 2025 Highlights Q1 Revenue Q1 Gross Margin1 €37.6M A 13% YoY decrease for the quarter 38.1% €7.8M Adjusted EBITDA loss3 Strong quarterly improvement 142% YoY increase in NA +36,000 AC units sold Q1 Cash Costs2 32% Including ABL +100 DC units sold Globally Decrease YoY 1. See slide 19 for definiti
Slide 5: Revenues by Geography
Q1 2025 Revenues by Geography Europe €25.5M / 68%1 North America €11.4M / 30%1 APAC €300k / 1%1 LATAM €480k / 1%1 Q1 2025 EARNINGS REPORT 5 1. As percentage of revenue 2. Rho Motion EV Charging Database - April 2025
Slide 6: Revenues by Product
Q1 2025 Revenues by Product AC Sales €25.6M / 68%1 11% DC Sales €4M / 11%1 68% Software, Services 21% & Others €8M / 21%1 Q1 2025 EARNINGS REPORT 1. As percentage of revenue 6
Slide 7: Supernova
Q1 2025 Supernova PUBLIC SUPERNOVA • A next-generation fast public charger that offers greater efficiency and higher performance • Currently focused on speed, safety, transparency and compliance with applicable certifications • We achieved the California Type Evaluation Program (CTEP Certification)
Slide 8: Quasar 2
Q1 2025 Quasar 2 Initial launch of Quasar 2 with our partner KIA to enable bidirectional capabilities for the EV9 PIONEERING TECH BI-DIRECTIONAL One of the first CCS bi- Changes the flow of energy to directional chargers in the world enable V2H & V2G, and Back Up for residential use Power during bla
Slide 9: Market Overview
Q1 2025 Market Overview +20% YoY EVs Sold in Key Markets1 1.78 1.67 1.53 1.50 0.3 ROW 1.39 0.3 0.3 0.3 0.3 0.9 EU 0.8 0.7 0.9 0.8 0.5 0.5 0.5 NA 0.4 0.4 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 + Strong YoY EV sales + Growth driven by + EV sales in Q1 may be + EV market remains volatile + Right-sizin
Slide 10: Financial Review
Q1 2025 Financial Review Q1 Revenue Q1 Labor Costs & OPEX Delivered strong results exceeding €37.6M €25.0M the provided revenue guidance range Rapid growth in NA, delivering Europe remained soft, but was offset by 23% YoY improvement, reflecting 142% YoY Growth for Q1 strong performance in North Ame
Slide 11: Key Financial Metrics
Q1 2025 Key Financial Metrics €40.6M €199M Cash And Cash Equivalent And Financial Q1 Loans and Borrowings Investments Relief provided under debt Continuous focus on cash conservation framework agreement €63.6M €0.7M Q1 Consolidated Inventory Q1 Capex 29% YoY reduction €0.3M spent on PPE Q1 2025 EARN
Slide 12: Closing Thoughts
Q1 2025 Closing Thoughts Positioned to achieve profitability Solid results in Q1 Growth with existing and new + + + + Diversified Large geographical Key strategic Strong cost discipline partners is reinforced by a stronger product portfolio commercial partners and improved visibility footprint order
Slide 13: Wallbox
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Slide 14: Consolidated Statement of Profit or Loss
Financial Overview Consolidated Statement of Profit or Loss1 YEAR ENDED QUARTER ENDED Unaudited, in € 000’s 31 DECEMBER 31 DECEMBER 20242 2023 Q1 2025 Q4 20242 Q1 2024 Revenue 163,943 143,769 37,642 37,394 43,050 Change in inventories and raw materials and consumables used (107,920) (95,503) (23,284
Slide 15: Reconciliation
Financial Overview Reconciliation1 YEAR ENDED QUARTER ENDED Unaudited, in € 000’s 31 DECEMBER 31 DECEMBER 20242 2023 Q1 2025 Q4 20242 Q1 2024 Loss for the Period (151,792) (112,071) (18,414) (50,884) (30,425) Income tax credit (6,723) (703) 73 (5,097) (486) Amortization and depreciation 37,873 28,44
Slide 16: Cash & Cash Equivalents
Financial Overview Cash & Cash Equivalents Unaudited, in € 000’s QUARTER ENDED YEAR ENDED 31 MARCH 31 DECEMBER 2025 2024 2024 2023 Cash and cash equivalents 35,582 77,932 20,036 101,158 Financial Investments (1) 5,053 5,395 25,578 5,426 Cash, cash equivalents and Financial Investments 40,635 83,327
Slide 17: Investments and Loans & Borrowings
Financial Overview Investments and Loans & Borrowings Unaudited, in € 000’s QUARTER ENDED YEAR ENDED 31 MARCH 31 DECEMBER 2025 2024 20241 2023 Investments in Property, plant and equipment and Intangible Assets Property, plant and equipment 335 845 3,114 9,106 Intangible assets - excluding R&D (salar
Slide 18: Reconciliation Cash Costs
Financial Overview Reconciliation Cash Costs1 Unaudited, in € 000’s YEAR 2025 YEAR 2024 Q1 Q4 Q1 Employee benefits (14,975) (16,824) (19,823) Other operating expenses (10,011) (11,940) (12,788) Labor Costs & OPEX (24,986) (28,764) (32,611) R&D activation (2,672) (3,091) (5,811) Share based payment e
Slide 19: Definitions and Disclosures
Definitions and Disclosures 1 “EBITDA” is defined as loss for the period before income tax credit, financial income, financial expenses, amortization and depreciation, change in fair value of derivative warrants, and foreign exchange gains/(losses). 2 “Adjusted EBITDA” is defined as EBITDA EBITDA fo
Slide 20: Thank you
Thank you Gracias Danke 谢谢 Web Contact Twitter @wallboxchargers www.investors.wallbox.com investors@wallbox.com Facebook Wallbox LinkedIn Wallbox Instagram @wallboxcharger