Turbo Energy Delivers Record First-Half 2026 Revenue and Swings to Positive Operating Income
Key Highlights
- ➤Revenue (TURB) €15,033,238, up 172.7% year over year
- ➤Operating income (TURB) €510,542 versus €1,164,274 loss previously
- ➤Net income (TURB) €65,647 versus €1,397,715 loss previously
- ➤Gross margin (TURB) fell to 16.5% from 24.0%
- ➤Shareholders’ equity (TURB) rose to €5,518,529 from €1,599,640
Expert Statements
Mariano Soria, Chief Executive Officer of Turbo Energy
“The first half of 2026 marks an important financial milestone for Turbo Energy. We delivered record revenue and moved from an operating loss to positive operating income. This performance reflects the growing scale of our project execution and the investments we have made in technology and industrial energy-storage capabilities.”
Mariano Soria, Chief Executive Officer of Turbo Energy
“Our next priority is to build on this progress by improving project mix and margins, converting working capital more efficiently into cash and increasing the contribution of our proprietary energy-management technology and service-based business models. We believe these capabilities can create a more differentiated and higher-value energy-storage platform.”
VALENCIA, Spain, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Turbo Energy, S.A. (Nasdaq: TURB) (“Turbo Energy” or the “Company”), a technology-driven integrator of energy storage and intelligent energy-management solutions, today reported its unaudited consolidated financial results for the six months ended June 30, 2026.
Total revenue for the first half of 2026 increased 172.7% to €15,033,238 (approximately $17.2 million), compared with €5,512,458 in the first half of 2025. The Company achieved positive operating income of €510,542 (approximately $0.58 million) in the first half of 2026, compared with an operating loss of €1,164,274 in the prior-year period, representing a year-over-year improvement of €1,674,816 (approximately $1.91 million). Turbo Energy also reported net income of €65,647 (approximately $75,000) in the first half of 2026, compared with a net loss of €1,397,715 in the first half of 2025.
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