LION E Mobility (LMIA) Q2 2025 earnings summary

Executive summary

• Revenue surged 71% year-over-year in H1 2025, reaching €10.4m, driven by market recovery and operational improvements.

• EBITDA turned positive at €1.3m, a significant improvement from -€4.8m in H1 2024, reflecting cost discipline and better material margins.

• Operating cash flow improved to €3.3m from -€5.8m, supported by inventory optimization and cost control.

Financial highlights

• Revenue increased to €10.4m in H1 2025 from €6.1m in H1 2024.

• EBITDA improved to €1.3m (12.1% margin) from -€4.8m, driven by cost control.

• Operating cash flow rose to €3.3m, up from -€5.8m year-over-year.

• Equity increased to €8.7m, supported by shareholder loan conversion.

• Total assets grew to €33.1m, mainly due to higher non-current assets.

Outlook and guidance

• Ramp-up of serial production for new NMC+ battery pack planned for end of February.

• Delivery of customer vehicles with new battery technology scheduled for December.

• Ongoing development of immersion-cooled technology and expansion in battery energy storage systems.