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
Q2 2025 Highlights Q2 Revenue Q2 Gross Margin1 €38.3M 2% QoQ increase 37.8% Similar product mix as last quarter €7.5M Adjusted EBITDA loss3 with opportunities to improve +39,000 AC units sold Q2 Cash Costs2 35% Including ABL +140 DC units sold Globally Decrease YoY 1. See slide 18 for definitions Q2
Slide 5: Revenues by Geography
Q2 2025 Revenues by Geography Europe €26.1M / 68%1 North America €11.4M / 30%1 APAC €260k / 1%1 LATAM €550k / 1%1 Q2 2025 EARNINGS REPORT 1. As percentage of revenue 5
Slide 6: Revenues by Product
Q2 2025 Revenues by Product AC Sales €26.6M / 69%1 11% DC Sales €4.2M / 11%1 69% Software, Services 20% & Others €7.6M / 20%1 Q2 2025 EARNINGS REPORT 1. As percentage of revenue 6
Slide 7: On our way to become the ultimate energy partner
Draft Q2 2025 On our way to become the ultimate energy partner First Quasar 2 units installed in California Virtual Power Plants Q2 2025 EARNINGS REPORT 7
Slide 8: Market Overview
Q2 2025 Market Overview +23% YoY EVs Sold in Key Markets1 1.88 1.78 1.68 1.54 1.50 0.3 0.4 ROW 0.3 0.3 0.3 0.9 1.0 EU 0.8 0.7 0.9 0.5 0.5 0.5 0.5 NA 0.4 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 + European EV market + High growth in countries + North American EV + Removal of US tax credits, + Wallbox
Slide 9: Financial Review
Q2 2025 Financial Review Q2 Revenue Q2 Labor Costs & OPEX €38.3M Europe was soft while North America AC €24.3M 25% YoY improvement, reflecting sales consistent growth continues increased operational efficiency Q2 Gross Margin1 Q2 Adjusted EBITDA Loss2 37.8% Similar product mix as last quarter with €
Slide 10: Key Financial Metrics
Q2 2025 Key Financial Metrics €32.4M €182M Q2 Cash And Cash Equivalent And Q2 Loans and Borrowings Financial Investments 9% decrease compared to last Continuous focus on cash conservation quarter €56.6M €1.0M Q2 Consolidated Inventory Q2 Capex 33% YoY reduction €0.4M spent on PPE Q2 2025 EARNINGS RE
Slide 11: Closing Thoughts
Q2 2025 Closing Thoughts Consistent results that provide momentum for a stronger H2 2025 Platform for growth + + + + Diversified Large geographical Key strategic Strong cost discipline and product portfolio footprint commercial partners efficient organization Q3 Expected Revenue Range Q3 Expected Gr
Slide 12: Wallbox
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Slide 13: Consolidated Statement of Profit or Loss
Financial Overview Consolidated Statement of Profit or Loss1 YEAR ENDED QUARTER ENDED Unaudited, in € 000’s 2024 2023 Q2 2025 Q1 2025 Q2 2024 Revenue 163,943 143,769 38,289 37,642 48,843 Change in inventories and raw materials and consumables used (107,920) (95,503) (23,806) (23,284) (29,760) Gross
Slide 14: Reconciliation
Financial Overview Reconciliation1 YEAR ENDED QUARTER ENDED Unaudited, in € 000’s 2024 2023 Q2 2025 Q1 2025 Q2 2024 Loss for the Period (151,792) (112,071) (16,062) (18,414) (27,809) Income tax credit (6,723) (703) 903 73 (781) Amortization and depreciation 37,873 28,443 10,082 10,204 9,668 Financia
Slide 15: Cash & Cash Equivalents
Financial Overview Cash & Cash Equivalents Unaudited, in € 000’s QUARTER ENDED YEAR ENDED 30 JUNE 31 DECEMBER 2025 2024 2024 2023 Cash and cash equivalents 27,304 59,748 20,036 101,158 Financial Investments (1) 5,078 6,002 25,578 5,426 Cash, cash equivalents and Financial Investments 32,382 65,750 4
Slide 16: Investments and Loans & Borrowings
Financial Overview Investments and Loans & Borrowings Unaudited, in € 000’s QUARTER ENDED YEAR ENDED 30 JUNE 31 DECEMBER 2025 2024 2024 2023 Investments in Property, plant and equipment and Intangible Assets Property, plant and equipment 405 467 3,114 9,106 Intangible assets - excluding R&D (salarie
Slide 17: Reconciliation Cash Costs
Financial Overview Reconciliation Cash Costs1 Unaudited, in € 000’s YEAR 2025 YEAR 2024 Q2 Q1 Q2 Employee benefits (13,161) (14,975) (17,168) Other operating expenses (11,142) (10,011) (15,174) Labor Costs & OPEX (24,303) (24,986) (32,342) R&D activation (1,717) (2,672) (6,081) Share based payment e
Slide 18: 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 for the p
Slide 19: 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