v3.26.3
Capital and Reserves
6 Months Ended
Jun. 30, 2026
Disclosure of classes of share capital [abstract]  
Capital and Reserves
14.
Capital and Reserves

Share capital and share premium

As of June 30, 2026 issued share capital of the Company was as follows:

 

 

 

Shares
(number)

 

 

Share Capital (in thousand Euros)

 

Class A shares of euro 2.40 nominal value each

 

 

23,552,996

 

 

 

56,534

 

Class B shares of euro 24.00 nominal value each

 

 

355,040

 

 

 

8,521

 

Class C shares of euro 21.60 nominal value each

 

 

808,500

 

 

 

17,464

 

Total

 

 

24,716,536

 

 

 

82,519

 

 

All the shares issued were fully paid as of the date of the capital increases. Wallbox’s Class A Shares, Class B Shares and Conversion Shares (“Class C Shares”) provide their holders with same economic rights; however, Class B Shares provide holders with ten (10) votes per share, Class C Shares provide holders with nine (9) votes per share and Class A Shares provide holders with one (1) vote per share.

Wallbox’s Class A Shares began trading on the NYSE under the “WBX” symbol on October 4, 2021.

As of June 30, 2026 and December 31, 2025, authorized share capital was as follows:

 

June 30, 2026

 

Shares
(number)

 

 

Nominal
(Euros)

 

 

Share Capital (in thousand Euros)

 

Class A Shares

 

 

36,525,000

 

 

 

2.40

 

 

 

87,660

 

Class B Shares

 

 

2,011,500

 

 

 

24.00

 

 

 

48,276

 

Conversion shares

 

 

808,500

 

 

 

21.60

 

 

 

17,464

 

Total

 

 

39,345,000

 

 

 

 

 

 

153,400

 

 

December 31, 2025

 

Shares
(number)

 

 

Nominal
(Euros)

 

 

Share Capital (in thousand Euros)

 

Class A Shares

 

 

36,525,000

 

 

 

2.40

 

 

 

87,660

 

Class B Shares

 

 

2,011,500

 

 

 

24.00

 

 

 

48,276

 

Conversion shares

 

 

808,500

 

 

 

21.60

 

 

 

17,464

 

Total

 

 

39,345,000

 

 

 

 

 

 

153,400

 

 

During the six months ended June 30, 2026, there were the following share capital and share premium movements:

 

 

Shares
(number)

 

 

Price per Share (Euros)

 

 

Share Capital (In thousand Euros)

 

 

Share Premium (In thousand Euros)

 

At December 31, 2025

 

 

17,942,171

 

 

 

 

 

 

66,260

 

 

 

7,443

 

January 2026: Stock option plan execution (RSU) (Class A shares)

 

 

711

 

 

 

2.40

 

 

 

2

 

 

 

4

 

February 2026: Stock option plan execution (RSU) (Class A shares)

 

 

19,221

 

 

 

2.40

 

 

 

46

 

 

 

404

 

March 2026: Stock option plan execution (ESOP/RSU) (Class A shares)

 

 

49,401

 

 

 

2.40

 

 

 

119

 

 

 

300

 

April 2026: Stock option plan execution (RSU) (Class A shares)

 

 

61,635

 

 

 

2.40

 

 

 

149

 

 

 

27

 

May 2026: Stock option plan execution (RSU) (Class A shares)

 

 

39,874

 

 

 

2.40

 

 

 

96

 

 

 

441

 

June 2026: Capital increase (Private Placement+Bridge loan conversion) (Class A shares)

 

 

6,603,523

 

 

 

2.40

 

 

 

15,848

 

 

 

—

 

At June 30, 2026

 

 

24,716,536

 

 

 

 

 

 

82,519

 

 

 

8,619

 

 

The capital increases that have taken place during the six months ended June 30, 2026 correspond mainly to the private placement, conversion of bridge loan as part of the restructuring process and stock plans execution (see Note 19).

 

Nature and purpose of reserves

Capital reduction reserves
 

At June 30, 2025 the shareholder of the parent company approved the absorption of accounting losses into share premium for an amount of Euros 531,113 thousand. Additionally, at June 30, 2025 the board of directors approved an additional absorption of accounting losses into share premium for an amount of Euros 11,859 thousand. As a result, the share premium was reduced by a cumulative amount of Euros 542,972 thousand against capital reduction reserves. This transaction had no impact on the total equity, comprehensive income (loss), assets (including cash) or liabilities.

 

Consolidated prior years' Accumulated deficit

As of June 30, 2026, consolidated accumulated deficit amounts to Euros 722,485 thousand, as compared to Euros 674,858 thousand as of December 31, 2025.

A free distribution is restricted for the amount of capitalized internal development costs as carried on the consolidated statement of financial position. As of June 30, 2026, the amount of capitalized development costs as carried on the consolidated statement

of financial position amounts to Euros 32,871 thousand, as compared to Euros 31,393 thousand as of December 31, 2025, as further detailed in Note 10.

Foreign currency translation reserve

The translation reserve comprises all foreign currency differences arising from the translation of the financial statements of foreign operations. This reserve is not freely distributable. This reserve amounts to Euros 368 thousand as of June 30, 2026, as compared to Euros (3,335) thousand as of December 31, 2025.

Other equity components:

Share-based payments

The share-based payments reserve is used to recognize the value of equity-settled share-based payments provided to employees, including key management personnel, as part of their remuneration. This reserve was Euros 16,110 thousand as of June 30, 2026, as compared to Euros 17,495 thousand as of December 31, 2025. Refer to Note 19 for further details of these plans.

Equity-settled earn-out

In addition, this caption includes Euros 865 thousand corresponding to the amount to be paid in shares for to the acquisition of Ares (2025: Euros 865 thousand).

Measurement adjustments to financial assets through OCI

Investments in funds referred to in Note 11 are measured at fair value at year end. The change in their valuation is recognized as other equity components through other comprehensive income.

Others

Within the others the Group included the impact of reversing the put option liability related to ABL.