LION E-Mobility AG (LION; ISIN: CH0560888270) reported continued positive performance in the third quarter of 2025, with revenue reaching EUR 5.9 million in Q3 and EUR 16.3 million for the first nine months, a 31% increase compared to EUR 12.4 million in the same period of 2024. The growth was driven by a strong recovery in market demand for batteries, according to a company press release.
EBITDA for Q3 2025 amounted to EUR 1.2 million, bringing the nine-month figure to EUR 2.4 million, a significant improvement from a loss of EUR 6.0 million in 9M 2024. The company attributed this to sales growth, continuous procurement efforts, and consistent cost discipline.
CEO Dr. Joachim Damasky commented: "We are very pleased with our continued positive business development in the third quarter. Despite the still challenging market environment, we managed to increase our revenues and further improve profitability. This solid performance demonstrates the strength of our product portfolio and the commitment of our entire team."
LION also announced a partnership with Castrol to jointly develop an innovative battery module for high-performance electric vehicle applications. The collaboration combines LION Smart's expertise in direct battery cooling technology with Castrol's advanced thermal fluids. The partnership aims to enhance battery thermal management for passenger cars, trucks, and battery energy storage systems (BESS) worldwide through direct battery cooling, which enables faster charging and discharging of battery cells immersed in a lightweight dielectric fluid. Castrol ON EV Thermal Fluids will be used to deliver superior heat dissipation, increased power density, and improved battery safety and lifespan.
In its BESS business, LION secured its first grid-scale project in Germany following a cooperation agreement with LEAP Energy signed in April 2025. The project is a 5 MW / 20 MWh installation scheduled for delivery in Q1 2026. LION's battery containers combine Chinese cost competitiveness with German engineering, service, guarantees, and bankability. The current pipeline exceeds 7.5 GWh with potential clients across Europe.
Additionally, in August 2025, LION entered a strategic partnership with Münchner Solarkraftwerke to jointly realize large-scale solar and storage projects. The collaboration grants LION direct access to a fast-growing market for photovoltaic-coupled and stand-alone storage systems, reinforcing its strategic focus on energy storage. LION's battery storage systems, equipped with integrated inverters, enable efficient solar energy storage and grid services.
For the current financial year, LION confirms its outlook and expects revenues between EUR 28 million and EUR 35 million as well as a positive EBITDA. The focus in 2025 is on strategic direction-setting, particularly in series development for NMC+ modules and packs and continuous immersion technology developments for a large German truck OEM. The company considers itself well-positioned to achieve long-term profitable growth in an increasingly technology-driven market environment.
