Wallbox N.V.

EMEA Segment

The following table presents our results of operations at a segment level for EMEA for the six months ending June 30, 2026 and 2025:

Revenue decreased by €14,174 thousand, or 25.0%, for the six months ended June 30, 2026, as compared to the six months ended June 30, 2025, primarily due to the decrease of sales of our AC and DC chargers in our main markets.

Expenses related to changes in inventories and raw materials and consumables used decreased by €8,890 thousand, or 24.9%, for the six months ended June 30, 2026 as compared to the six months ended June 30, 2025. These expenses decreased primarily as a result of the reduction in sales in this segment.

Operating loss decreased by €15,114 thousand for the six months ended June 30, 2026, as compared to the six months ended June 30, 2025, primarily due to the impact of the employee and other operating expense reduction initiatives, amounting €6,917 thousand and €4,263 thousand respectively.

Amortization and depreciation decreased by €10,102 thousand for the six months ended June 30, 2026 as compared to the six months ended June 30, 2025 primarily due to the impairment of certain assets recognized in prior years, which reduced the amortizable/depreciable base, together with significantly lower levels of capital expenditure and investment during 2025 and 2026.

Impairment of assets has decreased by €2,449 thousand as a consequence of no impairment indicators were identified as of June 30, 2026 and, accordingly, no impairment expense was recognized during the period. The Group will perform its annual impairment test at year-end.

Net other income increased by €1,565 thousand, or 1,282.8%, for the six months ended June 30, 2026, as compared to the six months ended June 30, 2025, primarily reflecting the gain recognized on the disposal of right-of-use assets as a consequence of the cancellation of certain rental contracts, together with an increase in government subsidies recognized during the period.