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Forsee Power: 2026 Half-Year Results and Continued Strategic Transformation to Prepare for a Rebound in 2027

Business Wire

  • Revenue of €20.4 million in H1 2026, down 74.8%, in a challenging and changing market environment

  • EBITDA of €(11.8) million, compared with +€2.2 million in H1 2025, reflecting the sharp contraction in volumes

  • Continued implementation of REPOWER27:

    • Sale of non-strategic assets for a total of €20 million in cash and additional cost reductions underway

    • 24.9% reduction in fixed costs already achieved and JV in India already in place

  • Stronger positioning in the global rail market and diversification into off-highway applications and special-purpose vehicles

  • In Europe, the Industrial Accelerator Act (IAA) is reshaping the competitive landscape and strengthening local manufacturers

  • 2027 outlook: breakeven EBITDA supported by very strong growth and further cost reductions, and strengthening of equity base

PARIS, October 30, 2026--Regulatory News:

Forsee Power (FR0014005SB3 – ALFOR), the expert in smart battery systems for commercial and industrial electric vehicles, announces its half-year results for the period ended June 30, 2026.

A first half marked by a challenging market environment

As anticipated in 2025, following the end of major supply contracts in the bus segment, 2026 is characterized by a particularly subdued market environment, marked by limited short-term visibility and delayed investment decisions by several customers. This environment has been compounded by technical issues unrelated to batteries encountered by some manufacturers, delaying the rollout of several programs and weighing on production volumes.

Revenue for the first half of 2026 therefore amounted to €20.4 million, down 74.8% compared with the first half of 2025. EBITDA stood at €(11.8) million, compared with +€2.2 million a year earlier, primarily reflecting the decline in activity.

REPOWER27: accelerating transformation and adapting the cost structure

With 2026 identified as a year of transition and transformation, Forsee Power continues to implement its REPOWER27 strategic plan, aimed at strengthening its competitiveness, adjusting its cost structure and preparing for a return to profitable growth.

Fixed costs were reduced by 24.9% in the first half of 2026. On October 26, 2026, Forsee Power also formalized its strategic partnership with Varroc by signing an agreement for the Indian industrial group to acquire a 45% equity stake in Forsee Power India. The partnership combines Forsee Power's expertise in battery systems with Varroc's manufacturing capabilities and access to local customers to support the development of electric mobility in India.

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