Ebusco faces liquidity crisis despite improved gross profits

Electric bus manufacturer Ebusco reported mixed financial results for the first half of 2026. While the company achieved a gross profit of 6.1 million euros—a significant improvement from a 6.2 million euro loss in the same period last year—it continues to face severe liquidity issues that threaten its ability to continue operations.

Revenue decreased from 28.2 million euros to 22 million euros, primarily due to a drop in bus deliveries, with only 16 units delivered compared to 47 in the first half of 2025. The company is attempting to secure a sustainable working capital solution through a 30 million euro bank guarantee and is in discussions with a shareholder regarding short-term liquidity. Ebusco also noted that talks are ongoing with various parties regarding potential stakes in its bus activities.

Compounding these financial struggles, the company recently lost a significant contract in Germany. The public transport provider in Potsdam terminated an order for 23 buses, citing Ebusco’s inability to guarantee delivery dates after repeated delays.