LION E-Mobility AG (LION; ISIN: CH0560888270), a manufacturer of battery packs for electric mobility and energy storage solutions, has published its Q1 2026 results, reporting revenue of EUR 3.3 million (Q1 2025: EUR 6.5 million) and EBITDA of EUR 0.3 million (Q1 2025: EUR 1.5 million), yielding an EBITDA margin of 10.1%. Operating cash flow improved to EUR 3.0 million from EUR 1.0 million in the prior year, attributed to cost discipline and better supplier payment terms. The results reflect the company's strategic shift to battery packs incorporating new high-performance NMC+ battery cells, expected to be available for sale starting Q3 2026.
Dr. Joachim Damasky, CEO, stated that the conversion of production lines to the new cells is progressing well, positioning the company for future growth. Demand for the new packs is high, and with production resuming at the end of June, LION anticipates a significant revenue uplift in the second half of the year. The company also sees momentum in its Battery Energy Storage Systems (BESS) business.
LION sold its first BESS project in Q4 2025, a 5 MW / 20 MWh installation scheduled to become operational in summer 2026. This milestone underscores the company's expansion into large-scale energy storage and highlights its value proposition combining cost expertise, German engineering, and bankability. The BESS quotation pipeline exceeds 7.5 GWh across more than ten customers, including a second German project for 5 MW / 10 MWh in final negotiations, with delivery planned for 2026. To accelerate growth, LION has strengthened its BESS sales team with three new hires, while strategic partner LEAPENERGY intensifies its German market activities. Tailored payment terms and a robust guarantee framework—comprising two independent performance guarantees and a bank guarantee—enhance LION's competitiveness.
Additionally, the defense sector offers growth potential. LION is addressing several defense inquiries, exemplified by a collaboration with Mandrill Engineering, where LION Smart's high-performance battery technology powers an advanced unmanned ground vehicle, delivering reliable performance and extended mission capabilities in demanding environments.
LION confirms its fiscal 2026 outlook, projecting revenue above EUR 35 million and strongly positive EBITDA. In Q2 2026, battery pack production will be temporarily affected by a planned two-month factory shutdown for conversion to NMC+ cell production, with operations resuming at end of June. Q2 sales are expected to exceed Q1, coming from remaining sold inventories. A significant portion of 2026 revenues is anticipated in the second half. LION E-Mobility AG, founded in 2011 and listed on exchanges in Munich, Frankfurt, and Hamburg, produces lithium-ion battery packs with an annual capacity of 2 GWh. More information is available at www.lionemobility.com.
