GlobeNewswire·Nov 5, 2025, 8:00 AM ET

Turbo Energy Achieves 51% Improvement in Net Results for First Half 2025 Financial Performance

Turbo Energy S.A. reported a 51.2% improvement in net results for the six months ended June 30, 2025, reducing the net loss to €1.40 million from €2.86 million in the prior year period.
Operating losses decreased by 57.5% to €1.16 million, while total revenue increased by 11.3% to €5.51 million driven by adoption of SUNBOX systems.
The company secured a $53 million contract to deploy 366 MWh of solar energy storage across over ten industrial facilities in Spain.
A separate agreement was announced to supply SUNBOX Industry solutions to power Uber's electric vehicle fleet in Spain.
New product launches included SUNBOX Home Lite for residential use with up to 10 kWh capacity, as well as the SUNBOX Industry Max 5 MWh system for electro-intensive industries.
Geographic expansion included the launch of Turbo Energy Solutions in Latin America under a Battery-as-a-Service model.
The company obtained UL 9540 and UL 5500 certifications for SUNBOX Home to enter the U.S. residential market in partnership with Connection Holdings.
The Spanish Patent and Trademark Office granted patent No. iP202430282 for technology enabling seamless integration of storage with existing solar installations.
Lucia Tamarit was appointed Chief Financial Officer in October 2025, succeeding Alejandro Moragues, while Julian Groves joined the Board of Directors.
Turbo Energy remains a subsidiary of publicly traded Umbrella Global Energy, S.A., focusing on AI-optimized solar storage solutions globally.