Core Insights - Wallbox, a leader in electric vehicle charging and energy management solutions, announced the appointment of Isabel López Trujillo as Chief Financial Officer, effective January 7, 2026 [1] - Isabel López Trujillo will succeed Luis Boada, who will remain with the company during a transition period to ensure a smooth handover [1] - The company is focusing on scalable growth and operational excellence as it advances into its next phase [1]

Core Viewpoint - Wallbox N.V. is highlighted as a promising investment opportunity in the EV charging sector, with a Moderate Buy consensus and a potential upside of 52.9% from its current price [1]. Group 1: Partnerships and Expansion - Wallbox has expanded its partnership with Codale Electric Supply to enhance the deployment of AC and DC fast charging infrastructure across several states, indicating a shift from basic distribution to active deployment [2]. - The company introduced the Supernova PowerRing, a modular DC fast-charging platform designed for public and semi-public locations, capable of delivering up to 400 kW to a single vehicle and supporting a total site capacity of 720 kW [3]. Group 2: Analyst Ratings and Market Position - Canaccord Genuity maintained a Buy rating on Wallbox shares but reduced the price target from $9 to $5, citing the company's strong partnerships and potential growth as EV sales increase [4]. - Wallbox is recognized as a global provider of EV charging and energy management solutions, focusing on smart charging systems for various applications [5].

Core Insights - Wallbox has entered into a Commercial Agreement with core banking partners and major shareholders to extend debt maturities and inject €22.5 million in liquidity through a mix of debt and equity, aiming to renew its capital structure [1][2][3] Financial Restructuring - The agreement involves a term sheet with key banking partners, including Santander, BBVA, and CaixaBank, covering approximately 65% of existing debt, and outlines terms for a renewed capital structure [3][4] - Wallbox plans to refinance its financial debt through a new syndicated structure with revised maturities and interest terms, enhancing liquidity and reinforcing its capital structure [4][6] - The restructuring includes refinancing €55 million of existing loans into a new syndicated term loan maturing in December 2030, with limited quarterly payments starting in Q3 2026 [5][6] - A new €63.2 million bullet instrument is proposed, maturing in December 2030, with payment-in-kind (PIK) interest [5] - The working capital facilities will be restructured into a €52.3 million syndicated line maturing in December 2028, featuring automatic extensions unless opposed by lenders [5] Equity Investment - Wallbox is seeking to raise €10 million in new equity to strengthen its capital structure, with €5 million expected from key shareholders through private placements or rights offerings [7][12] - The Commercial Agreement is non-binding but provides a framework for finalizing the renewed capital structure [7] Implementation Timeline - Wallbox anticipates finalizing negotiations and completing the equity raise in the coming weeks, with plans to file for judicial approval under Spanish law to facilitate the implementation of the agreement [8] Management Statements - The CEO of Wallbox emphasized the importance of the agreement in reinforcing the company's long-term financial position and expressed gratitude for the support from banking partners and shareholders [9] - The CFO highlighted that the proposed capital structure would provide a more balanced and sustainable financial framework, enhancing liquidity and operational stability [9]

Core Insights - Wallbox has expanded its partnership with Codale Electric Supply to enhance EV charging infrastructure across the Mountain West region, including Utah, Idaho, Wyoming, and Nevada [1][4] - Codale has become a key distribution partner for Wallbox, providing technical support and logistics to contractors, developers, and fleet operators [2][3] - The partnership aims to prioritize the deployment of Wallbox Supernova DC fast chargers and Pulsar family AC chargers, with ongoing projects already in place [3][4] Company Overview - Wallbox is a global provider of electric vehicle charging and energy management solutions, founded in 2015 and headquartered in Barcelona, operating in over 100 countries [6] - The company focuses on creating advanced charging systems that allow users to control their energy consumption and promote sustainable living [6] Partnership Dynamics - The collaboration between Wallbox and Codale is designed to streamline installation processes and enhance network reliability, supporting the transition to cleaner mobility in the region [4][5] - Both companies emphasize the importance of delivering complete, future-proof charging solutions rather than merely distributing hardware [5]

Group 1 - Oaklo has received approval from the US Department of Energy for the nuclear safety design agreement for its Aurora fuel fabrication facility at Idaho National Laboratory, establishing a faster authorization pathway for US nuclear fuel production [1][2] - The Vinfast VF9 has established a presence in Canada's electric vehicle market as a full-size luxury electric SUV, offering a range of up to 518 km and 42 horsepower, appealing to families and professionals [2] - Hessi technology has been selected by Lee Auto as the exclusive lighter supplier for its next generation assisted driving platform, enhancing intelligent driving safety through automotive grade LAR technology [3] Group 2 - Wallbox has introduced the Supernova Power Ring, a modular fast charging system capable of delivering up to 400 kW per vehicle and a total shared capacity of 720 kW for destination and semi-public sites, maximizing efficiency and cost-effectiveness [3][4] - The Supernova Power Ring allows for intelligent power distribution across multiple chargers, providing scalable configurations to meet varying site demands [4]

Core Insights - Wallbox has launched the Supernova PowerRing, a modular fast-charging system capable of delivering up to 400 kW per outlet and scalable to 720 kW per site, aimed at enhancing electric vehicle (EV) charging infrastructure [2][9]. Product Features - The Supernova PowerRing is designed to optimize energy distribution among multiple chargers, allowing for intelligent power sharing to ensure optimal performance based on real-time demand [4][6]. - It can connect up to three Supernova units and six outlets, providing scalable capacities of 240, 480, or 720 kW to meet specific site requirements [5]. - The system's compact design allows for installation in various environments, including urban retail centers and commercial parking sites, while reducing deployment costs and accelerating time to market [8][9]. Future Developments - Future phases of the PowerRing will enhance its capabilities, including power sharing even when one connector is in use and the introduction of intelligent power-sharing algorithms to optimize performance across sites [7]. Market Strategy - The rollout of the Supernova PowerRing is expected to begin in Q1 2026, starting in Southern Europe, Benelux, and the UK/Ireland, with plans to expand into additional markets, including the United States [9].

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was €35.5 billion, which was below expectations but represented a 2% increase year-over-year [5][31] - Gross margin improved to 39.8%, exceeding the guided range and reflecting a 200 basis point increase from the previous quarter [8][32] - Adjusted EBITDA loss for the quarter was €6.9 million, which was below the guided range but showed an 8% improvement quarter-over-quarter [11][35] - Cash costs, defined as labor costs and operating expenses excluding R&D, decreased by 34% year-over-year [9][34] Business Line Data and Key Metrics Changes - AC sales totaled €22.4 million, accounting for approximately 63% of global revenue, down 16% compared to the previous quarter and down 5% year-over-year [16] - DC sales reached €5.8 million, representing a 34% increase year-over-year and a 40% increase sequentially [18][31] - Software, services, and other categories generated €7.3 million, reflecting an 11% year-over-year increase [20][21] Market Data and Key Metrics Changes - North America contributed €11 million or 31% of total revenue, with a 1318% increase at constant FX compared to the same period last year [15] - The European market contributed €23.6 million or 66% of total revenue, reflecting a 3% increase year-over-year [13] - The Canadian market saw a 49% decline compared to the same period last year, impacting overall performance [15][28] Company Strategy and Development Direction - The company plans to reinforce its sales organization and integrate different sales teams across product segments for improved efficiency [11][39] - A new CEO has been appointed to drive expansion in strategic markets and develop scalable commercial models [11] - The focus remains on restoring revenue growth and achieving profitability through operational efficiency and strategic investments [12][39] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the complex environment characterized by volatile market demand and evolving regulations [12] - The company is well-positioned for growth with a strong brand, complete product portfolio, and efficient organizational structure [12] - Future guidance for 2025 expects revenue in the range of €36 million to €39 million and a gross margin between 38% and 40% [41] Other Important Information - The company reached a standstill agreement with its banking partners to temporarily suspend payments on its €179 million debt [36] - Inventory levels decreased by 34% year-over-year, allowing for more efficient operations [37] Q&A Session Summary Question: Market share trends in Europe - Management indicated that market share varies by product line and country, with stable or increasing shares in countries like Spain, France, and the UK, while some regions like the Netherlands and Italy saw declines [44][46] Question: Announcement regarding €179 million debt - The standstill agreement matures on December 9, and further announcements are expected before that date [48][50]

Financial Performance - Q3 2025 revenue reached €355 million, a 2% year-over-year increase[8] - Q3 2025 gross margin was 398%, showing a 200 basis point sequential improvement[8] - Adjusted EBITDA loss for Q3 2025 was €69 million[8] - Q3 2025 cash costs decreased by 34% year-over-year[10] - Q3 2025 adjusted EBITDA loss improved by 8% quarter-over-quarter[20] Revenue Breakdown - Europe accounted for 66% of Q3 2025 revenue, totaling €236 million[11] - North America contributed 31% of Q3 2025 revenue, amounting to €110 million[11] - LATAM represented 2% of Q3 2025 revenue, with €725k[11] - APAC accounted for 1% of Q3 2025 revenue, totaling €158k[11] - DC sales accounted for 16% of Q3 2025 revenue, totaling €58 million[13] - AC sales accounted for 63% of Q3 2025 revenue, totaling €224 million[13] - Software, Services & Others accounted for 21% of Q3 2025 revenue, totaling €73 million[13] Financial Position - Q3 2025 cash and cash equivalents and financial investments totaled €277 million[24] - Q3 2025 loans and borrowings amounted to €179 million[24] - Q3 2025 consolidated inventory decreased by 34% year-over-year[24]

Core Insights - Wallbox N.V. reported a revenue of €35.5 million for Q3 2025, indicating a 2% year-over-year growth [1] - The company achieved a Gross Margin of 39.8%, which represents a 200 basis points sequential improvement [1] Financial Performance - Revenue for the third quarter was €35.5 million, showing a 2% increase compared to the same quarter last year [1] - Gross Margin improved to 39.8%, reflecting a 200 basis points increase from the previous quarter [1]

Core Insights - Wallbox has strengthened its leadership team with two key appointments to enhance its business and operational structure [1] Company Developments - Ignasi Alastuey has been appointed as Chief Business Officer (CBO) after a 14-year career at Mettler-Toledo, where he held various international leadership roles [1] - Alastuey's previous experience includes roles in sales, marketing, operations, and business development, with his most recent position being General [1]