LION E Mobility (LMIA) Q4 2025 earnings summary

Executive summary

• Revenue grew to €28.3m in FY 2025 from €16.9m year-over-year, driven by higher demand for SE09 NMC packs.

• EBITDA improved to €7.5m from -€3.6m, reflecting better cost structure and operating leverage.

• Operating cash flow reached €7.7m, up from -€6.5m, supported by stronger earnings and working capital discipline.

Financial highlights

• Revenue: €28.3m (FY 2025) vs €16.9m (FY 2024), a 67% increase.

• EBITDA: €7.5m (FY 2025) vs -€3.6m (FY 2024); EBITDA margin 26.4%.

• EBIT: €6.0m (FY 2025) vs -€5.7m (FY 2024); EBIT margin 21.3%.

• Net result: €3.0m (FY 2025) vs -€6.6m (FY 2024).

• Operating cash flow: €7.7m (FY 2025) vs -€6.5m (FY 2024).

Outlook and guidance

• Continued focus on cost control, supply chain optimization, and adaptation to market conditions.

• Ongoing R&D activities and investments in NMC+ modules and packs.