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. As anticipated, the company generated revenue of EUR 3.3 million (Q1 2025: EUR 6.5 million). EBITDA stayed positive at EUR 0.3 million (Q1 2025: EUR 1.5 million), resulting in an EBITDA margin of 10.1%. Operating cash flow increased to EUR 3.0 million from EUR 1.0 million in the previous year, attributed to cost discipline and improved payment terms from suppliers. The Q1 results reflect the strategic transition to battery packs with the new high-performance NMC+ battery cells, which will be available for sale starting Q3 2026.
Dr. Joachim Damasky, CEO of LION E-Mobility AG, 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. Thus, we remain optimistic about the development in 2026, also supported by the momentum we see in our BESS business."
LION's battery energy storage system (BESS) business is gaining traction. The company 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 marks LION's strategic expansion into large-scale energy storage solutions. The pipeline of BESS quotations 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 scheduled for 2026. To accelerate momentum, LION has strengthened its sales team with three new hires dedicated to the BESS segment, while strategic partner LEAPENERGY is intensifying 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 outlook for 2026, expecting continued growth with 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 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 therefore expected in the second half of the year.
For more information, visit www.lionemobility.com.
