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. The company generated revenue of EUR 3.3 million in the first quarter, down from EUR 6.5 million in Q1 2025, as anticipated. EBITDA remained positive at 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, supported by cost discipline and better payment terms from suppliers. The results reflect the strategic transition to battery packs featuring new high-performance NMC+ battery cells, which will be available for sale starting Q3 2026.
CEO Dr. Joachim Damasky commented: "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."
LION's Battery Energy Storage Systems (BESS) business is gaining momentum. The company sold its first BESS project in Q4 2025, a 5 MW / 20 MWh installation scheduled to go into operation in summer 2026. The pipeline of BESS quotations exceeds 7.5 GWh and includes more than ten customers. A second German project for 5 MW / 10 MWh is in final negotiations, with delivery planned for 2026. To accelerate growth, LION has hired three new sales team members dedicated to the BESS segment. Strategic partner LEAPENERGY is intensifying its activities in the German market. The combination of tailored payment terms and a robust guarantee framework positions LION competitively.
The defense sector also offers growth potential. LION is 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.
LION confirms its fiscal 2026 outlook, expecting revenue above EUR 35 million and strongly positive EBITDA. In Q2 2026, production will be temporarily affected by a planned two-month factory shutdown for conversion works, with operations resuming at the end of June. As of May, production is shut down while assembly lines are updated for the high-performance NMC+ battery cells. Q2 sales are expected to be higher than Q1, coming from remaining inventories already sold. A significant portion of 2026 revenues is expected in the second half of the year.
For more information, visit www.lionemobility.com.
