Turbo Energy Achieves 51% Improvement in Net Results for First Half 2025 Financial Performance

Core Insights - Turbo Energy S.A. reported a 51.2% improvement in net results for the first half of 2025, alongside a new $53 million industrial contract, indicating strong financial performance and commercial momentum [1][6][7] Financial Performance - The net loss decreased to €1.40 million, or €0.03 per ordinary share, from a net loss of €2.86 million, or €0.05 per ordinary share, reflecting progress toward profitability [6] - Total revenue increased to €5.51 million, up from €4.95 million, driven by the growing market adoption of SUNBOX smart energy storage systems [6] Operational Highlights - The company secured two milestone contracts in September 2025, including a significant agreement to supply energy storage solutions for Uber's electric vehicle fleet in Spain [7] - Turbo Energy launched SUNBOX Home Lite and SUNBOX Industry Max, expanding its product portfolio to cater to residential and industrial energy storage needs [4][5] Geographic and Market Expansion - The company is executing a global expansion strategy, establishing Turbo Energy Solutions to launch a Battery-as-a-Service model in Latin America [8] - Turbo Energy has secured certifications for its products, positioning itself to enter the U.S. residential solar storage market [8] Innovation and Technology Development - The company received a patent for its proprietary system that integrates energy storage with photovoltaic generation, enhancing energy efficiency and grid flexibility [10] Leadership and Governance - In October 2025, Turbo Energy appointed Lucia Tamarit as Chief Financial Officer and welcomed Julian Groves to its Board of Directors, enhancing its leadership team [11] Future Outlook - The company is focused on driving profitable growth, scaling its global presence, and leading the transition toward intelligent, sustainable electrification [13]