SEC Form 6-K filed by Wallbox N.V.

For the quarter ended March 31, 2025, the Company had revenue of €37.6 million, gross margin of 38.1% and operating loss of €19.6 million.

For the quarter ended March 31, 2025, labor costs and other operating expenses were €25 million and capital expenses were €0.7 million, of which €0.3 million was invested in property, plant and equipment.

During the three-month ended March 31, 2025, revenues by product and as a percentage of total revenues were as follows:

AC chargers – €25.6 million / 68%

DC chargers – €4 million / 11%

Software and other services – €8 million / 21%

During the three months ended March 31, 2025, revenues by geography and as a percentage of total revenues were as follows:

Europe – €25.5 million / 68%

North America – €11.4 million / 30%

Asia Pacific – €0.3 million / 1%

Latin America – €0.5 million / 1%

During the three months ended March 31, 2025, the Company sold approximately 36,000 AC units and 100 DC units.

As of March 31, 2025, the Company had inventory of €63.6 million.

As of March 31, 2025, the Company had approximately €40.6 million in cash, cash equivalents and financial investments and approximately €199 million of outstanding loans and borrowings.

Obtained CTEP and NTEP certifications for the Supernova DC fast charger.

Finalized debt framework agreement with primary lenders Santander, BBVA, Caixa and syndicated loan (EBN, ICO, ICF, MoraBanc and COFIDES) to defer the Company’s debt payments until May 2026.

Revenue

Changes in inventories and raw materials and consumables used

Gross Profit

Employee benefits

Other operating expenses

Amortization and depreciation

Impairment of assets

Net other income

Operating Loss

Financial income

Financial expense

Change in fair value of derivative warrant liabilities

Foreign exchange gains / (losses)

Financial Results

Loss Before Tax

Income tax credit

Loss for the Period

Cash and cash equivalents

Financial Investments (1)

Cash, cash equivalents and Financial Investments

Financial Investments are included in Other current financial assets

Investments in Property, plant and equipment and Intangible Assets

Property, plant and equipment

Intangible assets - excluding R&D (salaries capitalized)

Total Investments in Property, plant and equipment and Intangible Assets

Non-Current Liabilities – Loans and Borrowings

Current Liabilities – Loans and Borrowings

Total Loans and Borrowings

Gross Margin is defined as revenue less changes in inventory, raw materials and other consumables used divided by revenue.

Operating loss consists of the Company’s revenue and other income, less changes in inventories and raw materials and consumables used, employee benefits, other operating expenses, impairment of assets, and amortization and depreciation.

Other operating expenses primarily consist of professional services, marketing expenses, external temporary workers expense, delivery expense, insurance premiums and other expenses, including leases of machinery with lease terms of 12 months or less and leases of office equipment with low value, including IT equipment.

Revenue consists of retail sales, sales from distributors, resellers and installer customers of charging solutions for EVs, which includes electronic chargers and other services.

Description