Slide 1: Q1 2026 Earnings Report
2026 EARNINGS REPORT Q7 wallbox #
Slide 2: Earnings Report Presenters
2026 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: Highlights
Q1 2026 Highlights Q1 Revenue Q1 Gross Margin1 €29.7M 37.3% Impacted by product mix €6.0M Adjusted EBITDA loss2 30,000 AC units sold Q1 Labour costs & OPEX 79 DC units sold 31% Decrease YoY 1. See slide 16 for definitions Q1 2026 EARNINGS REPORT 2. This is a non-IFRS measure. Please see slide 13 for
Slide 5: Revenues by Geography
Q1 2026 Revenues by Geography Europe €22.6M / 76%1 North America €6.7M / 23%1 APAC €6k / 0%1 LATAM €387k / 1%1 Q1 2026 EARNINGS REPORT 1. As percentage of revenue 5
Slide 6: Revenues by Product
Q1 2026 Revenues by Product AC Sales €21.1M / 71%1 8% 71% DC Sales €2.5M / 8%1 Software, Services 21% & Others €6.1M / 21%1 Q1 2026 EARNINGS REPORT 1. As percentage of revenue 6
Slide 7: Market Overview
Q1 2026 Market Overview +23% YoY EVs Sold in Key Markets1 2.11 2.11 2.08 1.94 1.69 0.5 0.5 0.6 ROW 0.4 0.3 1.0 1.1 EU 0.9 1.3 1.2 0.6 NA 0.4 0.5 0.3 0.3 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 + North American EV market remains soft + European EV market continues to + EV transition continues to prog
Slide 8: Financial Review
Q1 2026 Financial Review Q1 Revenue Q1 Labor Costs & OPEX €29.7M Impacted by customer order delays €17.1M 31% YoY improvement pending visibility on capital structure Q1 Gross Margin1 Q1 Adjusted EBITDA Loss2 37.3% Negative impact from product mix €6.0M 23% YoY improvement as operational efficiency c
Slide 9: Key Financial Metrics
Q1 2026 Key Financial Metrics €7.6M1 €168M Q1 Cash And Cash Equivalents And Q1 Loans and Borrowings Financial Investments Signed refinancing plan and secured Continuous cash burn reduction and €11 million of interim financing positive cash impact from working capital €40.3M Q1 Consolidated Inventory
Slide 10: Closing Thoughts
Q1 2026 Closing Thoughts I Operational efficiency improvements supporting path to profitability II Signed the refinancing plan to improve financial position and improve long-term visibility III Re-accelerating growth by investing in sales & service and introduction of new products Q2 Expected Revenu
Slide 11: Wallbox
wallbox #
Slide 12: Consolidated Statement of Profit or Loss
Financial Overview Consolidated Statement of Profit or Loss1 YEAR ENDED QUARTER ENDED Unaudited, in € 000’s 2025 2024 Q1 2026 Q4 2025 Q1 2025 Revenue 145,120 163,943 29,700 33,708 37,642 Change in inventories and raw materials and consumables used (89,582) (107,920) (18,626) (21,146) (23,284) Gross
Slide 13: Reconciliation
Financial Overview Reconciliation1 YEAR ENDED QUARTER ENDED Unaudited, in € 000’s 2025 2024 Q1 2026 Q4 2025 Q1 2025 Loss for the Period (103,195) (151,792) (19,358) (47,841) (18,414) Income tax credit 87 (6,723) 129 (747) 73 Amortization and depreciation 34,189 37,873 5,668 4,416 10,204 Financial in
Slide 14: Cash & Cash Equivalents
Financial Overview Cash & Cash Equivalents Unaudited, in € 000’s QUARTER ENDED YEAR ENDED 31 MARCH 31 DECEMBER 2026 2025 2025 2024 Cash and cash equivalents 2,496 35,582 4,446 20,036 Financial Investments (1) 5,116 5,053 5,133 25,578 Cash, cash equivalents and Financial Investments 7,612 40,635 9,57
Slide 15: Investments and Loans & Borrowings
Financial Overview Investments and Loans & Borrowings Unaudited, in € 000’s QUARTER ENDED YEAR ENDED 31 MARCH 31 DECEMBER 2026 2025 2025 2024 Investments in Property, plant and equipment and Intangible Assets Property, plant and equipment 89 335 619 3,114 Intangible assets - excluding R&D (salaries
Slide 16: 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 17: 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