LION E Mobility (LMIA) Q3 2026 earnings summary

Executive summary

• 9M revenue was €15.4m, slightly below prior year after Q2 production downtime for line modernization; Q3 revenue rebounded to €8.5m with NMC+ serial shipments.

• Profitability weakened on higher material costs: EBITDA was €0.2m in the income statement, versus €2.4m in 9M 2025, and the period result was a €1.0m loss.

• NMC+ serial production and battery energy storage system (BESS) activity advanced, with new customer orders, project wins and a broader supplier base.

Financial highlights

• Revenue was €15.4m, down 5% YoY from €16.3m; Q3 revenue was €8.5m after Q2 production downtime.

• EBITDA was €0.2m in the income statement (€0.3m in narrative commentary), versus €2.4m in 9M 2025; Q3 EBITDA was €0.2m.

• EBIT was -€1.3m versus €1.3m; the income statement shows a -€1.0m result versus €0.1m, while narrative commentary cites -€0.9m.

• Operating cash flow was €1.2m versus €3.8m; Q3 operating cash flow was -€0.3m.

Outlook and guidance

• Production-line automation expansion is planned from November 2026 through April 2027.

• Ottowind’s grid connection is expected by year-end 2026; construction foundations have started and first components were delivered.

• More than 25 potential BESS projects have been identified and qualified; activity targets standalone and wind/PV co-location projects, including BESS-as-a-Service.