Core Insights - Wallbox (NYSE:WBX) is recognized as a promising investment in the EV sector, with analysts highlighting its growth potential [1][5]. Financial Performance - For Q4 2025, Wallbox reported revenue of €33.7 million, achieving a gross margin of 37.3%, which is a 546 basis point improvement year-over-year [1]. - The adjusted EBITDA loss for Q4 was €7.3 million, marking a 46% year-over-year improvement, attributed to a 23% reduction in labor and operating costs [1]. - For the full year, total revenue reached €145.1 million, with the delivery of 144,000 charging units, including 536 DC fast chargers [2]. Business Developments - Key milestones included the launch of the Supernova PowerRing, a 400 kW DC fast-charging system, and a preliminary agreement to renew the company's capital structure with banking partners and shareholders [2]. - The company experienced an 18% growth in Software, Services, and Other revenue, along with a 16% increase in revenue from North America [2]. Future Outlook - The CEO described 2025 as a year of disciplined transformation focused on efficiency amid a volatile EV market [3]. - For Q1 2026, Wallbox anticipates revenue between €33 million and €36 million, gross margins of 38% to 40%, and an adjusted EBITDA loss ranging from €5 million to €3 million [3]. Company Overview - Wallbox is a technology company that designs, manufactures, and distributes charging solutions for residential, business, and public applications across Europe, the Middle East, Asia, North America, and the Asia Pacific [4].

Financial Data and Key Metrics Changes - Revenue for 2025 totaled EUR 145.1 million, reflecting an 11% decrease compared to the previous year, with approximately 144,000 units delivered, including 536 DC units [6][7] - Adjusted EBITDA improved by 51%, landing at a loss of EUR 29.5 million, which is more than double the improvement seen in 2024, indicating effective cost optimization efforts [7] - Gross margin improved to 38.3%, reflecting a 410 basis point increase compared to the previous year [7] Business Line Data and Key Metrics Changes - AC sales improved by 3% compared to the previous quarter but decreased by 15% year-over-year, while DC sales declined by 41% quarter-over-quarter but increased by 29% year-over-year [12][21] - The software services and others category grew by 18% compared to 2024, indicating a strong performance in this segment [5] Market Data and Key Metrics Changes - The North American market showed a 16% year-over-year growth despite a flat EV market, while the European EV market grew by 40% compared to the same period last year [5][26] - The U.S. EV market experienced a 40% year-over-year decline due to the removal of incentives and tax credits, impacting overall sales [16][17] Company Strategy and Development Direction - The company focused on operational excellence and efficient innovation, introducing new products like the Supernova PowerRing and Quasar 2, while optimizing capital and improving financial stability [4][5] - A new sales strategy was implemented to recover lost customers and acquire new ones, emphasizing a shift from a product-oriented to a customer-oriented approach [30][31] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in 2025 due to market volatility but expressed confidence in the company's improved operational efficiency and gross margin, positioning it for future growth [46] - The company expects to finalize its refinancing soon, which is anticipated to serve as a catalyst for growth and strengthen its commercial standing [9][39] Other Important Information - The company secured EUR 25 billion in new investments and reached a commercial agreement with banking partners for a new capital structure [5] - Inventory was reduced by 32% compared to the previous year, reflecting effective working capital management [44] Q&A Session Summary Question: What are the expectations for revenue in Q1 2036? - The company expects revenue to be in the range of EUR 33 million to EUR 36 million, with a gross margin between 38% and 40% and a negative Adjusted EBITDA between EUR -5 million and EUR -3 million [47]

Financial Data and Key Metrics Changes - Revenue for 2025 totaled EUR 145.1 million, reflecting an 11% decrease compared to the previous year, with approximately 144,000 units delivered [6][7] - Adjusted EBITDA improved by 51%, landing at a loss of EUR 29.5 million, which is more than double the improvement seen in 2024 [7] - Gross margin improved to 38.3%, reflecting a 410 basis point increase compared to last year [7] Business Line Data and Key Metrics Changes - AC sales improved by 3% compared to the previous quarter but were down 15% year-over-year [12] - DC sales declined significantly, down 41% quarter-over-quarter but up 29% compared to the same period last year [20][21] - Software services and other categories grew by 18% compared to 2024, generating EUR 7.2 million in Q4 [5][23] Market Data and Key Metrics Changes - North American market revenue decreased by 19% year-over-year, primarily due to a 40% decline in the US EV market [16][17] - The European EV market grew by 40% year-over-year, with significant contributions from Germany, Spain, Italy, and Portugal [26] - APAC and LATAM regions contributed minimally, with revenues of EUR 87,000 and EUR 538,000 respectively [18] Company Strategy and Development Direction - The company is focused on operational excellence and efficient innovation, with a commitment to improving its leadership team and optimizing capital [4][5] - A new sales strategy has been implemented to recover lost customers and acquire new ones, emphasizing customer service and product quality [30][31] - The company aims to leverage its product portfolio and market position to capture growth opportunities in the EV charging sector [46][47] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the volatile EV market but expressed confidence in the company's improved operational efficiency and gross margin [46] - The completion of the refinancing process is expected to serve as a catalyst for growth, allowing the company to shift focus from stabilization to acceleration [41][46] - The company anticipates revenue for Q1 2026 to be in the range of EUR 33 million to EUR 36 million, with a gross margin between 38% and 40% [47] Other Important Information - The company secured $25 billion in new investments and reached a commercial agreement for a new capital structure [5] - Inventory was reduced by 32% compared to the same period last year, reflecting improved working capital management [44] - The company is implementing a new structure to enhance service capabilities and support for B2B customers and installers [31][32] Q&A Session Summary Question: What are the expectations for revenue growth in the upcoming quarters? - Management expects to reestablish growth through improved sales strategies and the completion of refinancing, which will enhance financial stability [46][47] Question: How is the company addressing the decline in DC sales? - The company is focusing on finalizing its refinancing and improving sales support to better serve customers interested in DC fast-charging solutions [9][22] Question: What are the key markets for future growth? - The company sees significant growth potential in the European market, particularly with new sales strategies and partnerships, while also looking to capitalize on opportunities in North America [16][27]

Financial Data and Key Metrics Changes - Revenue for 2025 totaled EUR 145.1 million, reflecting an 11% decrease compared to the previous year, with approximately 144,000 units delivered [6][10] - Adjusted EBITDA improved by 51%, landing at a loss of EUR 29.5 million, which is more than double the improvement seen in 2024 [6][14] - Gross margin improved to 38.3%, reflecting a 410 basis point increase compared to last year [6][10] Business Line Data and Key Metrics Changes - AC sales improved by 3% compared to the previous quarter but were down 15% year-over-year [11] - DC sales declined significantly, down 41% quarter-over-quarter but up 29% compared to the same period last year [20][36] - The software services and others category grew by 18% compared to 2024, generating EUR 7.2 million in Q4 [5][23] Market Data and Key Metrics Changes - North American market revenue decreased by 19% year-over-year, primarily due to a 40% decline in the US EV market [16][17] - The European EV market grew by 40% year-over-year, with significant contributions from Germany, Spain, Italy, and Portugal [26] - The overall addressable market saw 2.1 million EVs sold in Q4, an 18% increase year-over-year, but flat compared to the previous quarter [24] Company Strategy and Development Direction - The company is focused on operational excellence and efficient innovation, with a commitment to improving its leadership team and optimizing capital [4][5] - A new sales strategy has been implemented to recover lost customers and acquire new ones, emphasizing service quality and product reliability [28][30] - The company aims to finalize its capital restructuring to strengthen its financial position and support growth [40][41] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by a volatile EV market but expressed confidence in the company's improved operational efficiency and gross margin [46] - The company expects to capitalize on the growing demand for premium charging solutions as the EV transition continues [9][27] - Future guidance for Q1 2026 includes revenue expectations between EUR 33 million and EUR 36 million, with a gross margin between 38% and 40% [47] Other Important Information - The company secured $25 billion in new investments and reached a commercial agreement for a new capital structure [5] - Inventory was reduced by 32% compared to the same period last year, reflecting improved working capital management [44] - The company is implementing a new service structure to enhance support for B2B customers and installers [31][32] Q&A Session Summary Question: What are the expectations for the EV market in North America? - Management noted a significant decline in the US EV market due to the removal of incentives and tax credits, but they expect growth opportunities with new products like Quasar 2 [17][25] Question: How is the company addressing the challenges in sales? - The company is focusing on rebuilding trust with lost customers and enhancing its sales and service organization to improve customer support [28][30] Question: What is the status of the refinancing process? - Management confirmed that they are close to finalizing the refinancing, which will provide a sustainable financial framework for future growth [40][41]

Q4&FY 2025 EARNINGS REPORT 2025 EARNINGS REPORT Enric Asunción Co-Founder & Chief Executive Officer Isabel López Trujillo Chief Financial Officer Michael Wilhelm Investor Relations 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 Act of 1933, as amended, and S ...

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 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].