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    Turbo Energy, S.A. FY25 EPS €(0.02) Up From €(0.06) YoY; Revenue €19.987M Up From $€9.638M YoY

    Benzinga·05/18/2026 12:19:13
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    TURBO ENERGY, S.A.

    Consolidated Statements of Operations

    (Expressed in Euro)

     

            Year ended December 31,  
        Note   2025     2024     2023  
                           
    Revenue   18   € 9,350,238     € 9,109,968     € 11,723,132  
    Revenue - related parties   11,18     10,524,288       306,651       1,380,547  
    Other operating income         111,974       221,393       37,092  
    Total Revenue         19,986,500       9,638,012       13,140,771  
                                 
    Cost and Expenses                            
    Cost of revenues   19     16,089,421       9,080,343       10,842,319  
    Cost of revenues - related parties   11,18     -       -       1,201,244  
    Selling and administrative   20     2,669,997       2,149,157       1,529,085  
    Selling and administrative - related parties   11,20     360,787       848,832       1,010,769  
    Salaries and benefits         1,487,979       1,275,208       1,105,128  
    Salaries and benefits - related parties   11     140,333       116,843       9,999  
    Bad debt expense   4     13,214       138,941       84,394  
    Total Cost and Expenses         20,761,731       13,609,324       15,782,938  
                                 
    Loss from operations         (775,231 )     (3,971,312 )     (2,642,167 )
                                 
    Other Income (Expense)                            
    Other income         13,039       -       -  
    Other income - related party         134       -       -  
    Interest income         3,457       63,118       444  
    Interest expense         (586,713 )     (198,580 )     (287,281 )
    Interest expense - related party         (81,320 )     (183,777 )     (118,750 )
    Recovery of bad debts   4     57,536       -       -  
    Loss from disposal of equipment   8     (42,761 )     -       -  
    Gain from insurance recoveries on inventory         -       1,937,819       -  
    Impairment on inventory due to natural disaster         -       (2,133,385 )     -  
    Foreign exchange gain (loss)         (132,832 )     4,516       (82,881 )
    Total Other Income (Expense)         (769,460 )     (510,289 )     (488,468 )
                                 
    Net Loss Before Income Tax         (1,544,691 )     (4,481,601 )     (3,130,635 )
    Income tax Expense (Recovery)                            
    - Current         -       -       (93,022 )
    - Deferred         (388,382 )     (1,144,601 )     (1,023,826 )
    Net Loss       € (1,156,309 )   € (3,337,000 )   € (2,013,788 )
                                 
    Basic and Diluted Net Loss per Ordinary Share       € (0.02 )   € (0.06 )   € (0.04 )
    Weighted Average Number of Ordinary Shares Outstanding - Basic and Diluted         55,085,700       55,085,700       51,469,262