LION E-Mobility AG, a manufacturer of battery packs for electric mobility and energy storage solutions, reported preliminary financial results for the 2025 fiscal year showing substantial growth and improved profitability. The company's total revenue reached EUR 28.3 million, representing a 68% increase compared to EUR 16.9 million in 2024. EBITDA improved significantly to EUR 7.5 million from EUR -3.6 million in the previous year, resulting in an EBITDA margin of 26.4%. Net profit also showed marked improvement, moving from EUR -6.6 million to EUR 3.0 million.
CEO Dr. Joachim Damasky attributed the strong performance to market recovery and the company's execution capabilities. "The substantial increase in revenue and the marked improvement in EBITDA reflect the recovery in market demand as well as the strength of our product portfolio and execution capabilities," Damasky stated. The growth was primarily driven by a strong recovery in market demand for batteries, with revenue mainly coming from battery sales to bus manufacturers in a challenging market environment.
Operating cash flow also showed significant improvement, reaching EUR 7.7 million in 2025 compared to EUR -6.5 million in the previous year. This cash flow improvement confirms the company's sustainable turnaround and provides a solid foundation for further profitable growth. The company's performance indicates that favorable procurement conditions and consistent cost and efficiency measures contributed to the EBITDA improvement alongside sustained revenue momentum.
In its Battery Energy Storage Systems (BESS) segment, LION continues to make strong progress with an expanding pipeline, including in Italy. Following the successful sale of its first project, the company has considerably strengthened its BESS sales team in response to market demand. The company has also successfully delivered its new NMC+ battery pack prototypes to customers for testing, confirming the system's market readiness and performance under operational conditions. With best-in-class gravimetric energy density at 53 kWh, the NMC+ battery pack establishes a new technological pillar for LION's mobile market portfolio and forms the basis for further scaling and industrialization.
For 2026, LION expects continued growth with revenue above EUR 35 million and again a strongly positive EBITDA. However, the company's battery pack production will be temporarily impacted by a planned two-month factory shutdown for conversion works in Q2 2026, with operations scheduled to resume at the end of June. The new production lines will focus on battery packs with high-performance NMC+ battery cells, and as a result, a significant portion of 2026 revenues is expected to be generated in the second half of the year.
Increasing demand in the BESS and defense sectors provides additional growth opportunities for the company. LION is currently working on several defense-related inquiries, including a collaboration with Mandrill Engineering where LION Smart's high-performance battery technology powers an advanced unmanned ground vehicle (UGV), enabling reliable performance and extended mission capabilities in demanding environments. The company operates highly automated module assembly lines at its own production facility in Germany with a current annual production capacity of 2 GWh. More information about the company is available at https://www.lionemobility.com.
