Core Points - Wallbox has partnered with Hera Group to deploy 58 Supernova 120 kW DC fast chargers in Central-Northern Italy by the end of 2025, enhancing the public charging infrastructure for electric vehicles (EVs) [1][2][3] - The initiative is supported by Italy's National Recovery and Resilience Plan (PNRR) and aligns with the European Commission's 'Next Generation EU' Program, aiming to accelerate electric mobility adoption in Italy [2][5] - Hera Comm, Italy's third-largest energy supplier, will oversee the installation and operation of the chargers, leveraging Wallbox's technology and Hera's regional expertise [3][4] Company Overview - Wallbox is a global technology company focused on electric vehicle charging and energy management solutions, operating in over 100 countries since its founding in 2015 [6] - The Supernova 120 is Wallbox's flagship public fast charging solution, designed for reliability, scalability, and cost-efficiency, supporting both daily commuting and long-distance travel [4][5] - The collaboration with Hera Group exemplifies the synergy between technology, local expertise, and government incentives to enhance EV infrastructure in Italy [5]

Core Insights - Bidirectional Energy and Wallbox have launched North America's first multi-state bidirectional charging program for electric vehicles [1] - The program will be available to 180 homes in California and Connecticut, starting with Kia EV9 owners [1] Company Overview - Bidirectional Energy is a software provider focused on enabling electric vehicles to act as flexible energy resources [1] - Wallbox is a global provider of electric vehicle charging and energy management solutions, listed on NYSE under the ticker WBX [1] Program Details - The pilot program will allow selected homeowners to utilize Wallbox's charging technology [1] - The initiative represents a significant step in integrating electric vehicles into the energy ecosystem [1]

Core Insights - Wallbox has successfully completed the first U.S. residential installations of its Quasar 2 bidirectional charger, allowing households to power their homes directly from their Kia EV9, transforming the vehicle into a sustainable energy source [1][2] Company Developments - Six Quasar 2 units were installed in Menifee, California, in collaboration with Kia America and the University of California, Irvine, showcasing vehicle-to-home (V2H) technology in real residential settings [2] - The Quasar 2 charger enables electric vehicles to discharge energy back into homes, helping homeowners reduce electricity bills and contribute to grid stability during peak demand [3] Industry Impact - The initiative represents a significant step towards a future where electric vehicles serve as energy assets, enhancing homeowners' control over their energy consumption and promoting sustainability [4] - The project is part of a broader effort to integrate EVs, homes, and smart energy systems, aiming to create more sustainable and resilient communities [4] - Kia's V2H technology is part of the Kia Connect suite of services, emphasizing the role of electric vehicles in energy management and sustainability [5] Research Collaboration - The collaboration between Wallbox, Kia, and UCI highlights the importance of partnerships between research institutions and industry to gather data and insights necessary for scaling V2H deployment [5]

Core Insights - Wallbox, a prominent provider of electric vehicle charging and energy management solutions, is set to release its financial results for Q3 2025 on November 5, 2025, before market opens [1] - A webcast will be held at 8:00 AM ET (2:00 PM CET) to discuss the results and provide a business update [1] Company Overview - Wallbox operates in the electric vehicle charging sector, focusing on innovative energy management solutions [1] - The company is publicly traded on the NYSE under the ticker WBX [1] Upcoming Events - The financial results announcement will be accompanied by a discussion led by Enric Asunción, Co-founder and CEO, and Luis Bo [1]

Group 1 - Canadian Solar E Storage has signed agreements in Ontario to deliver 420 megawatts of new battery storage capacity, totaling 2,122 megawatt hours [1] - These projects are among the largest in Ontario, enhancing the province's position in large-scale energy storage and fostering collaborations across North America [2] - Wallbox will install 180 kW Supernova DC fast chargers at up to 24 sites in Alberta and British Columbia, supported by over $5 million in funding, to expand fast charging infrastructure in Western Canada [2] Group 2 - Sun Hydrogen has partnered with GTI Energy for safety review and integration support for its hydrogen production pilot, deploying 16 solar to hydrogen reactors in a scalable array [3] - This six-month project marks Sun Hydrogen's first outdoor multi-panel system, aimed at generating data to advance commercialization and larger deployments [3] - Masimo Group has launched its 2026 MVR Golf Cart, the first electric cart in its class with standard heating and air conditioning, featuring a 5 kW motor and a range of 45 miles [4]

Core Insights - Wallbox announced the deployment of its Supernova 180 kW DC fast chargers in a new public charging network by SureCharge Corp in Alberta and British Columbia [1] - The project aims to establish up to 24 high-speed charging sites with a total of 96 charging points along key travel corridors in Western Canada [1] Company Summary - Wallbox is a global provider of electric vehicle charging and energy management solutions [1] - The deployment of fast chargers aligns with the growing demand for EV infrastructure in North America [1] Industry Context - The establishment of a public charging network is crucial for supporting the increasing adoption of electric vehicles [1] - The project contributes to the expansion of fast charging capabilities in Western Canada, enhancing regional EV infrastructure [1]

Revenue and Sales Performance - Revenue for the six months ended June 30, 2025, was €75,931 thousand, a decrease of 17.4% compared to €91,893 thousand for the same period in 2024[5]. - Total sales for the six months ended June 30, 2025, amounted to €64,225 thousand, a decrease from €83,946 thousand in the same period of 2024, representing a decline of approximately 23.6%[46][48]. - Sales of goods amounted to €64,225 thousand, down from €83,946 thousand year-over-year, while sales of services increased to €11,706 thousand from €7,947 thousand[133]. - The Group's revenue from the United States increased to €18,899 thousand (25% of total revenue) in 2025, up from €13,399 thousand (15% of total revenue) in 2024, showing a growth of 41.5%[51]. Financial Losses and Improvements - Operating loss for the first half of 2025 was €38,405 thousand, improved from a loss of €49,049 thousand in the first half of 2024[5]. - Loss for the period was €34,476 thousand for the first half of 2025, compared to a loss of €58,235 thousand for the same period in 2024, indicating a 40.8% improvement[5]. - The total loss for the period ended June 30, 2025, was €34,476 thousand, a decrease from €58,235 thousand in the same period of 2024, resulting in a basic and diluted loss per share of €0.13 compared to €0.31 in 2024[169]. Assets and Liabilities - Total assets decreased to €316,488 thousand as of June 30, 2025, down from €353,066 thousand at the end of 2024, reflecting a reduction of 10.4%[4]. - Total liabilities decreased to €280,350 thousand as of June 30, 2025, from €331,710 thousand at the end of 2024, a reduction of approximately 15.5%[46][48]. - Non-current liabilities increased to €127,793 thousand as of June 30, 2025, from €114,737 thousand at the end of 2024, an increase of 11.4%[4]. - The Group's current assets were €136,007 thousand, while current liabilities were €152,557 thousand, resulting in a negative working capital of €16,550 thousand[197]. Cash Flow and Liquidity - Cash and cash equivalents increased to €27,304 thousand as of June 30, 2025, compared to €20,036 thousand at the end of 2024, representing a growth of 36.5%[4]. - The net cash used in operating activities was €12,119 thousand, compared to a cash outflow of €17,593 thousand in the prior year, indicating a positive cash flow trend[23]. - Wallbox held €32,382 thousand in cash, cash equivalents, and financial investments at the end of June 2025, providing a buffer for operational needs[23]. - The Group's cash and cash equivalents increased to €27,304 thousand as of June 30, 2025, up from €20,036 thousand at December 31, 2024, reflecting a growth of about 36.4%[108]. Equity and Share Capital - Total equity attributable to owners of the Company decreased to €35,271 thousand as of June 30, 2025, down from €64,800 thousand at the end of 2024, a decline of 45.6%[4]. - The consolidated accumulated deficit decreased to €63,770 thousand as of June 30, 2025, compared to €569,175 thousand as of December 31, 2024[116]. - The total share capital as of June 30, 2025, was €65,987 thousand, with a share premium of €3,825 thousand[114]. - The company executed several capital increases during the first half of 2025, primarily through private placements and stock option plans, resulting in a total of 350,169,438 shares outstanding[114]. Expenses and Cost Management - Total operating expenses decreased from €27,962 thousand in June 30, 2024 to €21,153 thousand in June 30, 2025, representing a reduction of approximately 24.5%[139]. - Employee benefits expenses decreased from €36,991 thousand in June 30, 2024 to €28,136 thousand in June 30, 2025, a decline of about 23.8%[140]. - Financial expenses decreased from €11,574 thousand in June 30, 2024 to €8,192 thousand in June 30, 2025, reflecting a reduction of approximately 29.5%[166]. - The Group's marketing expenses decreased from €2,715 thousand in June 30, 2024 to €1,400 thousand in June 30, 2025, a reduction of approximately 48.7%[139]. Inventory and Production - The company experienced a significant increase in inventories, with a change of €20,832 thousand compared to €5,667 thousand in the previous year, indicating potential growth in sales[23]. - The Group's total consumption of inventories and raw materials was €47,090 thousand in June 30, 2025, down from €55,749 thousand in June 30, 2024, a decrease of about 15.5%[138]. Financial Management and Debt - As of June 30, 2025, Wallbox had total borrowings of €181,545 thousand, down from €198,469 thousand as of December 31, 2024, reflecting a reduction in debt levels[24]. - The total amount of bank loans decreased from €194,472 thousand as of December 31, 2024, to €177,598 thousand as of June 30, 2025, a decline of approximately 8.6%[100]. - The Group's loans and borrowings increased to Euros 110,297 thousand as of June 30, 2025, from Euros 98,401 thousand at December 31, 2024[86]. - The Group's capital management aims to maximize shareholder value and may involve issuing new shares or adjusting debt instruments[200]. Tax and Regulatory Matters - The loss before tax for the period was €33,500 thousand, down from €59,501 thousand in the previous year, with a tax income of €8,375 thousand recognized at a 25% tax rate[173]. - As of June 30, 2025, the total tax receivables amounted to €9,302 thousand, a decrease from €11,913 thousand as of December 31, 2024[172]. - The unrecognized tax losses of Wallbox USA Inc. amounted to €56,539 thousand as of June 30, 2025, down from €69,228 thousand as of December 31, 2024[173].

Group 1 - Riven has commenced construction on a new manufacturing plant in Social Circle, Georgia, aimed at producing the next generation R2 SUV and R3 crossover [1] - Vehicle production is scheduled to begin in 2028, with an anticipated annual capacity of up to 400,000 vehicles [2] - Hilleion's Carno power module has been classified by the EPA as not being an internal combustion engine, which means it will only need to meet local air permitting requirements for power generation [2] Group 2 - Wallbox has launched a large-scale EV charging park at Munich airport, installing 275 chargers as part of the airport's long-term e-mobility strategy [3] - The new charging model features advanced connectivity, modular design, and dynamic load management for efficient charging at high-traffic commercial sites [3] - Power bank is advancing three community solar projects in Nova Scotia, with interconnection results expected within 30 days and construction planned for spring 2026, representing about 12.4% of 4 megawatts of DC power [3][4] Group 3 - The community solar projects in Nova Scotia are among only four awarded under the program aimed at achieving 80% renewable energy by 2030 and net zero by 2035 [4]

Core Insights - Wallbox has announced the deployment of its eM4 chargers at Munich Airport, enhancing the airport's e-mobility strategy and promoting sustainable transportation [1] Company Developments - The installation at Munich Airport features a new charging park with 275 charging ports, marking a significant step in Wallbox's commitment to electric vehicle charging solutions [1]

Financial Data and Key Metrics Changes - Q2 revenue was €38,300,000, up 2% compared to the previous quarter but down 22% from a record high in Q2 last year [5][29] - Gross margin was 37.8%, stable compared to the previous quarter and within the guided range of 37% to 39% [7][30] - Adjusted EBITDA loss for Q2 was €7,500,000, reflecting a 33% improvement year over year [10][32] - Cash costs, defined as labor costs and operating expenses excluding R&D, decreased by 35% year over year [9][31] Business Line Data and Key Metrics Changes - AC sales generated €26,600,000, representing approximately 69% of total revenue, with a 4% improvement quarter over quarter but down 18% year over year [15] - DC sales remained flat at €4,200,000, contributing 11% to total sales, with expectations for improvement in upcoming quarters [17] - Software and services grew by 27% year over year, generating €7,600,000 or 20% of total revenue [20] Market Data and Key Metrics Changes - Europe contributed €26,100,000 or 68% of total revenue, with a 30% year-over-year growth in the European EV market [12][24] - North America contributed €11,400,000 or 30% of total revenue, with a 5% year-over-year decline in the EV market [13][25] - APAC and LATAM contributed approximately €260,000 and €550,000 respectively, with significant future potential but not prioritized currently [14] Company Strategy and Development Direction - The company aims to selectively invest in sales structures to capture renewed market growth, particularly in Europe and North America [6][12] - Focus on operational efficiency and rightsizing the organization to achieve profitability while maintaining growth [10][28] - The company is leveraging its platform and innovative product portfolio to position itself as a leader in the EV market [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in potential growth in the second half of the year, driven by the recovery of the European EV market [36] - The company recognizes the volatility in the North American market due to changing subsidies and policies but remains optimistic about growth opportunities [25][26] - The strategic focus is on adapting to market dynamics and achieving profitability through a flexible organizational structure [27][28] Other Important Information - The company ended the quarter with approximately €32,400,000 in cash and financial instruments, with total debt increasing by 9% to €182,000,000 [33][34] - Inventory decreased by 33% year over year, reflecting operational improvements [35] Q&A Session Summary Question: Status of the Generac investment - Management confirmed that the partnership with Generac is progressing well, with home chargers being commercialized in North America and integration of app platforms [41][42] Question: Details about the QUASAR two project - Management highlighted that QUASAR two is a bidirectional charger allowing electric car batteries to power homes, with initial deliveries to Kia AV9 owners [46][48] Question: Updates on the ABL acquisition and market momentum - Management reported strong growth in Germany and Spain, with a focus on expanding the sales organization and cross-selling opportunities [59][60]