Voltabox (VBX) Q3 2025 earnings summary

Executive summary

• Revenue and earnings improved significantly in the first nine months of 2025, driven by the acquisitions of EKM Elektronik GmbH and GMS Electronic Vertriebs GmbH, and the divestment of loss-making operations.

• Strategic realignment included the sale of the high-voltage battery systems business and discontinuation of GreenCluster GmbH.

• The company completed its rebranding to Voltatron AG and consolidated central functions at its new headquarters.

Financial highlights

• Group revenue reached €19.7 million (prior year: €4.9 million), with €18.0 million from continuing operations.

• EBITDA from continuing operations was €1.3 million; total EBITDA including special effects from discontinued operations was €4.0 million.

• Earnings after taxes (EAT) were €1.2 million (prior year: €-2.6 million); earnings per share were €0.06 (prior year: €-0.13).

• Gross profit margin from continuing operations was 42.5%.

• Free liquidity stood at €11.8 million; economic equity at €29.0 million.

Outlook and guidance

• Full-year guidance unchanged: revenue from continuing operations expected between €23 million and €26 million, EBITDA between €1 million and €1.5 million.

• Management expects stable business performance for the year, with selective growth in specific application areas.

• Market recovery anticipated to be driven by domestic demand and government stimulus, though export prospects remain subdued.