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

Benzinga05-18

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 
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