LION E-Mobility AG (LION; ISIN: CH0560888270), a leading manufacturer of battery packs for electric mobility and energy storage solutions, reported its Q1 2026 results on May 12, revealing a decline in revenue to EUR 3.3 million from EUR 6.5 million in the prior-year period. Despite the lower revenue, the company maintained positive EBITDA of EUR 0.3 million (down from EUR 1.5 million in Q1 2025), achieving an EBITDA margin of 10.1%. Operating cash flow improved significantly to EUR 3.0 million, up from EUR 1.0 million in the previous year, attributed to cost discipline and better payment terms from suppliers.
The first-quarter results reflect the company’s strategic transition to battery packs featuring new high-performance NMC+ battery cells, which are expected to be available for sale starting in the third quarter of 2026. Dr. Joachim Damasky, CEO of LION E-Mobility AG, stated: "The conversion of our production lines to the new high-performance battery cells is progressing well. This is an important step toward future growth. The demand for the new battery packs is already high and with production set to resume at the end of June, we expect a significant uplift in revenues in the second half of the year."
The company’s Battery Energy Storage Systems (BESS) business is gaining momentum. LION successfully sold its first BESS project in the fourth quarter of 2025, a 5 MW / 20 MWh installation scheduled to go into operation in summer 2026. This milestone underscores the company’s strategic expansion into large-scale energy storage solutions. The pipeline of BESS quotations now exceeds 7.5 GWh and comprises more than ten customers, including a second project in Germany currently in final negotiations for 5 MW / 10 MWh with delivery planned for 2026. Further projects are in advanced negotiations. To accelerate this momentum, LION has strengthened its sales team with three new hires dedicated to the BESS segment, and strategic partner LEAPENERGY is intensifying its activities in the German market.
The defense sector presents additional growth potential. 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).
Looking ahead, LION confirms its fiscal 2026 outlook, expecting revenue above EUR 35 million and again a strongly positive EBITDA. However, the second quarter will be temporarily affected by a planned two-month factory shutdown for conversion works, with operations scheduled to resume at the end of June. As of May, production is shut down while assembly lines are being updated for the NMC+ battery cells. Second-quarter sales are expected to be higher than Q1, coming from remaining inventories already sold. A significant portion of 2026 revenues is therefore expected to be generated in the second half of the year.
For more information, visit the company’s website at www.lionemobility.com.
