Turbo Energy H1 2026 revenue surges 172.7% to €15 million

• Turbo Energy reported first-half 2026 revenue of €15 million, up 172.7% year over year.
• The company returned to profitability, reporting €65,647 in net income compared with a prior-year loss.
• Growth was supported by execution of a 366 MWh industrial energy-storage project and improved balance-sheet conditions.

Turbo Energy (NASDAQ:TURB) reported first-half 2026 financial results, with significant revenue growth and a return to profitability.

For the six months ended June 30, 2026, Turbo Energy generated revenue of €15,033,238, representing a 172.7% increase from the prior-year period.

The company reported operating income of €510,542, compared with an operating loss of €1,164,274 in the first half of 2025.

Net income reached €65,647, compared with a net loss of €1,397,715 a year earlier.

Gross profit increased 87.6% to €2,484,022, although gross margin declined to 16.5% from 24%.

Operating activities used €3,658,411 in cash during the period, compared with €1,339,904 in the prior-year period.

As of June 30, 2026, shareholders’ equity increased to €5,518,529 from €1,599,640 at December 31, 2025.

Working capital improved to €6,547,449 from a deficit of €910,135.

Turbo Energy received €3,786,022 in net proceeds from share issuances and restructured €4,870,491 of bank debt into long-term financing.

The company attributed revenue growth partly to execution of a 366 MWh industrial energy-storage project.