Wallbox N.V. announced a comprehensive financing package that will provide €22.5 million in liquidity and a €10 million equity injection, backed by Santander, BBVA, and CaixaBank and major shareholders including Iberdrola‑affiliated Inversiones Financieras Perseo, Orilla Asset Management, and AM Gestió.
The deal restructures existing debt by converting €55 million of bilateral loans into a new syndicated term loan that matures in December 2030 and issuing a €63.2 million bullet instrument with the same maturity, thereby extending the company’s debt profile and reducing short‑term leverage.
By extending maturities and adding working‑capital capacity, the financing extends Wallbox’s liquidity runway and gives the company the flexibility to pursue growth in North America and Europe while maintaining cost‑control initiatives that have driven a 200‑basis‑point improvement in gross margin to 39.8 % in Q3 2025.
The announcement was welcomed by investors, who viewed the deal as a critical step toward stabilizing the company’s high leverage and negative cash flow, and as a signal that Wallbox is positioning itself for a path to profitability.
CFO Luis Boada said the new capital structure “provides a clearer, more balanced, and more sustainable financial framework, enhancing liquidity and flexibility so we can continue executing our business plan.” CEO Enric Asunción added that the financing “reinforces our mission to make EV charging more accessible worldwide while driving operational efficiency and financial sustainability.”
Wallbox’s recent financial performance shows a mixed picture: Q3 2025 revenue rose to €35.5 million, up 2 % YoY, while gross margin improved to 39.8 % from 39.6 % in Q2, driven by higher prices and a shift toward higher‑margin DC fast‑charging units; adjusted EBITDA remained negative at €(6.9) million, but the sequential decline was narrowed, reflecting ongoing cost‑control efforts.
The deal follows a series of prior financing rounds, including a €15 million private placement in June 2025 and a €10 million investment in February 2025, underscoring Wallbox’s continued need to balance growth investment with a sustainable capital structure.
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