Slide 1: Q4 & FY 2025 Earnings Report
EARNINGS REPORT 1) 8 —= O4&FY 1" P\ ¥ wallbox #
Slide 2: Earnings Report presenters
2025 EARNINGS REPORT Enric Asunción Isabel López Trujillo 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: FY 2025 Highlights
FY 2025 Highlights Wallbox Group (in M€) 2025 Achievements Improved Gross Margin2 with 410 basis points, Revenue Labour & OpEx Adj EBITDA1 landing at 38.3% Strengthened the organization with senior 2024 2025 management talent 163.9 145.1 125.6 Persisted in innovating by introducing the Supernova Pow
Slide 5: Q4 Highlights
Q4 2025 Highlights Q4 Revenue Q4 Gross Margin1 €33.7M 10% YoY decrease 37.3% Down sequentially due to product mix €7.3M Adjusted EBITDA loss3 ~33,000 AC units sold Q4 Cash Costs2 114 DC units sold 25% Decrease YoY 1. See slide 20 for definitions Q4 2025 EARNINGS REPORT 2. This is a non-IFRS measure.
Slide 6: Revenues by Geography
Q4 2025 Revenues by Geography Europe €24.6M / 73%1 North America €8.5M / 25%1 APAC €87k / 0.3%1 LATAM €538k / 1.7%1 Q4 2025 EARNINGS REPORT 1. As percentage of revenue 6
Slide 7: Revenues by Product
Q4 2025 Revenues by Product AC Sales €23.1M / 69%1 10% DC Sales €3.4M / 10%1 69% Software, Services 21% & Others €7.2M / 21%1 Q4 2025 EARNINGS REPORT 1. As percentage of revenue 7
Slide 8: Market Overview
Q4 2025 Market Overview +18% YoY EVs Sold in Key Markets1 2.11 2.11 1.94 1.79 1.69 0.5 0.5 ROW 0.4 0.3 0.3 1.0 0.9 1.1 EU 0.9 1.3 0.5 0.6 NA 0.4 0.5 0.3 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 + North American EV market + US EV market expected to + European EV market expected + Wallbox aims to capit
Slide 9: Renewed Sales & Service Strategy
Q4 2025 Renewed Sales & Service Strategy Sales Service + Expanding the sales team under new commercial leadership + New service structure which includes doubling existing capacity and insourcing technical support capabilities + Improved overall value proposition, including 5-year warranty + Supporti
Slide 10: Financial Review
Q4 2025 Financial Review Q4 Revenue Q4 Labor Costs & OPEX €33.7M Impacted by softer DC sales offset €22.1M 23% YoY improvement by improvement in AC sales Q4 Gross Margin1 Q4 Adjusted EBITDA Loss2 37.3% Improved Bill-Of-Material offset by €7.3M 46% YoY improvement as operational negative impact from
Slide 11: Commercial Agreement For New Capital Structure
Q4 2025 Commercial Agreement For New Capital Structure Providing a solid financial base for the coming years, positioning Wallbox to grow in parallel with the maturing global EV market RESTRUCTRING EXISTING DEBT NEW CAPITAL New €55 million syndicated term loan €22.5 million liquidity injection 01 Fe
Slide 12: Key Financial Metrics
Q4 2025 Key Financial Metrics €9.6M €165M Q4 Cash And Cash Equivalents And Q4 Loans and Borrowings Financial Investments 8% sequential decline due to working Several initiatives to significantly reduce capital facility repayment our cash-burn and improve our financial situation €47.5M Q4 Consolidate
Slide 13: Closing Thoughts
Q4 2025 Closing Thoughts + + Improved gross margin and Investment in sales & service operational efficiency to return top line growth + + New capital structure with banking Shift focus from stabilization to partners and shareholders acceleration Q1 Expected Revenue Range Q1 Expected Gross Margin1 Q1
Slide 14: Wallbox
wallbox #
Slide 15: Consolidated Statement of Profit or Loss
Financial Overview Consolidated Statement of Profit or Loss1 YEAR ENDED QUARTER ENDED Unaudited, in € 000’s 2025 2024 Q4 2025 Q3 2025 Q4 2024 Revenue 145,120 163,943 33,708 35,481 37,394 Change in inventories and raw materials and consumables used (89,582) (107,920) (21,146) (21,346) (25,500) Gross
Slide 16: Reconciliation
Financial Overview Reconciliation1 YEAR ENDED QUARTER ENDED Unaudited, in € 000’s 2025 2024 Q4 2025 Q3 2025 Q4 2024 Loss for the Period (103,195) (151,792) (47,841) (20,878) (50,884) Income tax credit 87 (6,723) (747) (142) (5,097) Amortization and depreciation 34,189 37,873 4,416 9,487 10,191 Finan
Slide 17: Cash & Cash Equivalents
Financial Overview Cash & Cash Equivalents Unaudited, in € 000’s QUARTER ENDED YEAR ENDED 31 DECEMBER 31 DECEMBER 2025 2024 2025 2024 Cash and cash equivalents 4,446 20,036 4,446 20,036 Financial Investments (1) 5,133 25,578 5,133 25,578 Cash, cash equivalents and Financial Investments 9,579 45,614
Slide 18: Investments and Loans & Borrowings
Financial Overview Investments and Loans & Borrowings Unaudited, in € 000’s QUARTER ENDED YEAR ENDED 31 DECEMBER 31 DECEMBER 2025 2024 2025 2024 Investments in Property, plant and equipment and Intangible Assets Property, plant and equipment 2 1,508 619 3,114 Intangible assets - excluding R&D (salar
Slide 19: Reconciliation Cash Costs
Financial Overview Reconciliation Cash Costs1 Unaudited, in € 000’s YEAR 2025 YEAR 2024 Q4 Q3 Q4 Employee benefits (11,277) (12,148) (16,824) Other operating expenses (10,812) (10,736) (11,940) Labor Costs & OPEX (22,089) (22,884) (28,764) R&D activation (1,496) (1,167) (3,091) Share based payment e
Slide 20: 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 21: 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