LION E Mobility (LMIA) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was €3.3m, down from €6.5m in Q1 2025, due to temporary customer inventory effects and the absence of a prior-year one-off event related to the SE09 NMC fade-out announcement.

• EBITDA remained positive at €0.3m, though lower than €1.5m in Q1 2025, reflecting cost discipline despite reduced revenues.

• Operating cash flow improved significantly to €3.0m from €1.0m in Q1 2025, driven by better payment conditions and disciplined cost management.

Financial highlights

• Revenue: €3.3m in Q1 2026, compared to €6.5m in Q1 2025.

• EBITDA: €0.3m in Q1 2026, down from €1.5m in Q1 2025; EBITDA margin at 10.1% vs. 23.1% last year.

• Operating cash flow: €3.0m, up from €1.0m in Q1 2025.

• Net result: -€0.1m, compared to €0.6m in Q1 2025.

• Cost of materials and personnel expenses both declined year-over-year.

Outlook and guidance

• Revenue was impacted by temporary inventory effects and the transition to new product lines, suggesting a cautious outlook for near-term revenue growth.