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
Q3 2025 Highlights Q3 Revenue Q3 Gross Margin1 €35.5M 2% YoY increase 39.8% 200 basis point sequential €6.9M Adjusted EBITDA loss3 improvement +33,000 AC units sold Q3 Cash Costs2 ~170 DC units sold 34% Decrease YoY 1. See slide 18 for definitions Q3 2025 EARNINGS REPORT 2. This is a non-IFRS measur
Slide 5: Revenues by Geography
Q3 2025 Revenues by Geography Europe €23.6M / 66%1 North America €11.0M / 31%1 APAC €158k / 1%1 LATAM €725k / 2%1 Q3 2025 EARNINGS REPORT 1. As percentage of revenue 5
Slide 6: Revenues by Product
Q3 2025 Revenues by Product AC Sales €22.4M / 63%1 16% DC Sales €5.8M / 16%1 63% Software, Services 21% & Others €7.3M / 21%1 Q3 2025 EARNINGS REPORT 1. As percentage of revenue 6
Slide 7: Taking additional steps towards becoming the ultimate energy partner
Q3 2025 Taking additional steps towards becoming the ultimate energy partner Time of Use Tariffs Smart Charging Integrate different Combine different electricity rates to Wallbox functionalities, schedule charging including state-of-charge, when it is cost effective for a complete smart charging sol
Slide 8: Market Overview
Q3 2025 Market Overview +39% YoY EVs Sold in Key Markets1 2.09 1.92 1.79 ROW 1.67 0.5 1.50 0.4 0.3 0.3 0.3 1.0 EU 0.9 1.1 0.7 0.9 0.5 0.6 NA 0.5 0.4 0.5 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 + European EV market + North American EV market + Removal of US tax credits generated + Wallbox’s key marke
Slide 9: Financial Review
Q3 2025 Financial Review Q3 Revenue Q3 Labor Costs & OPEX €35.5M Softer AC sales offset by stronger €22.9M 28% YoY improvement as right DC sales sizing initiatives continue Q3 Gross Margin1 Q3 Adjusted EBITDA Loss2 39.8% 200 basis point improvement €6.9M 8% QoQ improvement as we continue compared to
Slide 10: Key Financial Metrics
Q3 2025 Key Financial Metrics €27.7M €179M Q3 Cash And Cash Equivalent And Q3 Loans and Borrowings Financial Investments Reached a standstill agreement with Continuous focus on cash conservation the majority of our banking pool €50.8M €0.3M Q3 Consolidated Inventory Q3 Capex 34% YoY reduction Contin
Slide 11: Closing Thoughts
Q3 2025 Closing Thoughts + + Mixed results in Q3 2025 but strong EV market keeps growing but Gross Margin1 improvement with regional volatility + + Continuous positive trend of Invest in sales organisation to Adjusted EBTIDA2 capitalize on EV market growth Q4 Expected Revenue Range Q4 Expected Gross
Slide 12: Wallbox
wallbox #
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 Q3 2025 Q2 2025 Q3 2024 Revenue 163,943 143,769 35,481 38,289 34,656 Change in inventories and raw materials and consumables used (107,920) (95,503) (21,346) (23,806) (26,671) Gross
Slide 14: Reconciliation
Financial Overview Reconciliation1 YEAR ENDED QUARTER ENDED Unaudited, in € 000’s 2024 2023 Q3 2025 Q2 2025 Q3 2024 Loss for the Period (151,792) (112,071) (20,878) (16,062) (42,674) Income tax credit (6,723) (703) (142) 903 (359) Amortization and depreciation 37,873 28,443 9,487 10,082 9,264 Financ
Slide 15: Cash & Cash Equivalents
Financial Overview Cash & Cash Equivalents Unaudited, in € 000’s QUARTER ENDED YEAR ENDED 30 SEPTEMBER 31 DECEMBER 2025 2024 2024 2023 Cash and cash equivalents 2,635 64,925 20,036 101,158 Financial Investments (1) 25,103 6,073 25,578 5,426 Cash, cash equivalents and Financial Investments 27,738 70,
Slide 16: Investments and Loans & Borrowings
Financial Overview Investments and Loans & Borrowings Unaudited, in € 000’s QUARTER ENDED YEAR ENDED 30 SEPTEMBER 31 DECEMBER 2025 2024 2024 2023 Investments in Property, plant and equipment and Intangible Assets Property, plant and equipment (123) 339 3,114 9,106 Intangible assets - excluding R&D (
Slide 17: Reconciliation Cash Costs
Financial Overview Reconciliation Cash Costs1 Unaudited, in € 000’s YEAR 2025 YEAR 2024 Q3 Q2 Q3 Employee benefits (12,148) (13,161) (17,673) Other operating expenses (10,736) (11,142) (14,187) Labor Costs & OPEX (22,884) (24,303) (31,860) R&D activation (1,167) (1,717) (3,928) 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