Thank you, Michael, and thanks, everyone, for joining us today. We will start today's call with an overview of our third quarter 2025 results, provide our perspective on the EV market, and spend time discussing our strategic progress. Luis will offer a closer look at our financial results and our key financial metrics before I close the conversation to highlight what we are focused on for the remainder of the year. Q3 revenue landed at EUR 35.5 million, below our expectations, but up 2% compared to the same period last year. The largest factor has been AC sales across all global regions. In the case of Europe, there have been operational headwinds and changing product regulation, creating delivery challenges and impacting the overall order intake. For the North American market, the strong contrast in terms of EV market growth between the U.S. and Canada creates a blurred view. The U.S. had one of the strongest quarters ever, while Canada had one of the slowest quarters since Q1 2023 in terms of EV sales. These market trends we see are reflected in our results. The contribution of APAC and South America has been limited as resources have been shifted to focus on our key markets. DC sales has been the highlight of this quarter, reflecting the ongoing strong recovery we have seen during 2025. This category is showing strong growth compared to both last quarter, up 40%; and last year, up 34%. We have seen progress with our commercial partners and solid demand for our new generation Supernova product due to its solid performance and reliability. In total, during the third quarter, we delivered over 33,000 AC units and close to 170 DC units. Gross margin was 39.8% in the third quarter, which exceeds the 37% to 39% guided range. This reflects a 200 basis points increase compared to last quarter, resulting from improved bill of material costs, higher prices, and the impact of carbon credits. Looking ahead, there are several levers we believe can be pulled to sustain and improve the gross margin, which Luis will comment on later. Moving to the organizational setup, labor costs and operating expenses landed at EUR 22.9 million. This reflects a 6% improvement compared to last quarter and a 28% improvement compared to the same period last year. In the case of cash costs, which is defined as labor cost and OpEx, excluding R&D activation, non-cash items, and one-off expenses, the result is even more impressive as we achieved a 34% year-over-year reduction. I am pleased with the ongoing progress on efficiency while we are achieving consistent revenue levels, allowing us to take steps toward profitability every quarter. Going forward, we continue to balance cost reduction and investments to achieve a net positive efficiency impact. We plan to accelerate investments to reinforce our sales organization, including customer service to support revenue growth. One of the first major steps in this plan is the appointment of our new CBO, Ignasi Alastuey. Ignasi brings experience and expertise in developing scalable commercial models and driving expansion in strategic markets. In addition, we will integrate our different sales teams across product segments for a more holistic approach, centralized execution, and additional efficiency gains. Adjusted EBITDA for the third quarter of 2025 was minus EUR 6.9 million, below our guided range, but improving 8% quarter-over-quarter. Compared to the same period last year, adjusted EBITDA loss narrowed by 68%, and this comparison is impacted by one-off items incurred in Q3 2024. The main reason for the guidance shortfall was softer-than-expected sales, as mentioned before. As a global player, we operate in a complex environment characterized by volatile market demand, driven by evolving subsidy frameworks and continually developing product regulations across countries and regions. To manage this, resiliency is crucial, and we believe we are well positioned for growth with a strong brand name, complete product portfolio, well-known commercial partners, global reach, and a more efficient organizational structure. The main area of focus to accelerate our path to profitability is restoring revenue growth. For this reason, we are reinforcing our sales function and leveraging our existing market positioning to elevate our performance across geographies and segments. For the third quarter of 2025, Europe contributed EUR 23.6 million of consolidated revenue, or 66% of total top line. This reflects a 3% increase in revenue for the region compared to last year, but was subdued compared to the European EV market growth. We showed solid year-over-year improvements in selected countries such as Spain, France, Belgium, and the U.K. However, growth for the entire region has been softer than expected. This can partly be attributed to operational headwinds and product regulations. In the quarter, the Radio Equipment Directive came into force in the EU, which required us to switch to a new product, which has additional functionality, but comes at a higher price point. This product shift and related market education time impacted overall order delivery. In addition, shipments were subdued due to longer lead times as we shifted one of our most popular products, the Pulsar Max, to a new technology platform for additional functionalities and improved costs. Overall, we believe the positive trend in the EV market for the European region will provide additional opportunities, which we believe we can capitalize on with our strategic position and complete product portfolio. North America contributed EUR 11 million or 31% of the total revenue. Compared to the same period last year, this region is up 13% and 18% at constant FX. This is consistent with the trend we have seen in the last quarters as we continue to perform well in the North American market. However, breaking down the region in terms of revenue growth compared to last quarter, we saw growth in the U.S. offsetting a slowdown in Canada. This performance is even more impressive considering the Canadian EV market in the third quarter is down 49% compared to the same period last year. Both APAC and LatAm remain small regions for Wallbox, now contributing approximately EUR 160,000 or 1%, and EUR 725,000 or 2%, respectively, for the quarter. As mentioned last quarter, we believe these regions have significant future potential but are currently not prioritized in our resource distribution. AC sales of EUR 22.4 million, including ABL and quasar, represented approximately 63% of our global consolidated revenue, down 16% compared to last quarter and down 5% year-over-year. This product category had a weak performance across all global regions, partly due to the operational headwinds in Europe and the soft EV market in Canada just discussed. On the positive side, we continue to roll out the innovative Quasar 2 solution as commercial traction is gaining momentum and have discussions with additional OEMs to become compatible with the product. We are providing additional warranty on our Pulsar MAX at no extra cost, in addition to reinforcing the sales organization. This change reflects the product's outstanding reliability and our commitment to delivering long-term value to every customer. In addition, we have launched and expect to launch new features for additional customer value and an improved competitive edge. Earlier this year, we introduced the time-of-use tariffs, allowing customers to optimize their energy consumption; and now we introduce a state-of-charge feature, for additional insights into the charging status of the car. Shortly, I will share more details about these functionalities and the expected long-term strategic impact. DC sales in the third quarter landed at EUR 5.8 million or 16% of sales, resulting in a significantly higher contribution to our total revenue for the quarter as compared to prior periods. Year-over-year, this category is up 34% and sequentially up 40%. As discussed in the previous quarter, we saw strong progress in the recovery of the DC sales, especially due to the introduction of new generation Supernova's and high demand in North America. Many clients are satisfied with the functionalities, quality, and efficient installation, resulting in recurring orders. For example, in the third quarter, we have announced additional commercial partnerships in both Europe and North America with Hera Group and SureCharge Corp., respectively. In the case of Hera Group, Wallbox agreed to provide 58 Supernova 120 kilowatts DC fast chargers to be deployed across Central and Northern Italy by the end of 2025. SureCharge Corp. is building a new public charging network in Canada, across Alberta and British Columbia. The project will establish up to 24 high-speed charging sites, with 96 charging points along key travel corridors, creating an extensive regional fast charging hub and deploy Supernova 180 kilowatts DC fast chargers. In addition, we are working on an exciting new product, which leverages our existing DC technology. This new product will be announced soon, and we believe it will revolutionize the DC fast charging concept. From a technology perspective, we anticipate this new solution based on the Supernova platform will allow for higher power delivery than we have ever offered before, but still have the cost efficiency, reliability, scalability, and small footprint our customers value in the existing solutions. We are very excited to launch this product as it underlines our flexibility to continue to innovate and leverage our existing future-proof platform, while in parallel right-sizing our organization and limited CapEx investment. The category, Software, Services & Others remain a consistent contributor to our business, this quarter, generating EUR 7.3 million or 21% of the total revenue. This reflects a small decrease compared to last quarter, but an 11% year-over-year increase. If we break down this category, we see the same trend as the previous quarter. Our software activities, with the largest contributor being Electromaps, showed the strongest growth, more than doubling the revenue compared to last year. Installation & Service remains the largest contributor, but declined slightly compared to last quarter. We see opportunities for this category to continue to perform well as the EV fleet using our software continues to grow, and we will have more DC fast chargers in the field. Today, we would like to provide you with another update on the innovations we are working on to become the ultimate energy partner and enhance the value of our products for our customers. Last quarter, we talked about our bidirectional charger, Quasar 2, and its capability for enhanced energy management. Now we would like to comment on additional solutions we are bringing to the market, enabling all our chargers to provide additional energy management functionalities. As mentioned earlier in the call, at the beginning of this year, we have introduced the time of use tariff feature, which allow customers to input different daily tariffs provided by their utility. This information can then be used to schedule charging sessions within the Wallbox app and give customers the opportunity to optimize their energy costs based on the different tariffs available. Currently, we have time of use tariffs data from more than 40,000 customers, which allow these customers to extract more value from their charger on car. The next step, which we are introducing now, is a state of charge feature, which provides the customer with insights into the battery level of the car and allows the customer to optimize the energy usage based on its driving needs. Combining the Wallbox energy meter at the home, time of use tariff from the utility, the energy generation of solar panels, and the state of charge of the car, the customer has all the elements to do energy management at the home, all powered by Wallbox. With this complete solution, we have more insights and control to support the customer with optimizing their energy usage, receiving tailored energy price recommendations, and in the long term, enhancing their energy security with the implementation of the Quasar 2, which is enabled by this Wallbox infrastructure. In the future, we aim to leverage this infrastructure and this integrated Wallbox solution by introducing additional intelligence powered by AI for faster data processing and completely automated smart charging. Until now, many of these features we just discussed have been provided in collaboration with partners. But by centralizing more and more of these features within the Wallbox ecosystem, we take another step towards establishing Wallbox as a leading energy player. The EV market continued to perform well in the third quarter of this year. And in our addressable market, which we define as all regions except China, 2.1 million EVs were sold, reflecting a 39% growth compared to the same period last year. Europe, the largest EV market, continues to recover well compared to the last 2 years and is up 41% compared to the same period last year. It is great to see this momentum with positive trends emerging for Wallbox in certain countries such as Spain, France, Belgium, and the U.K. However, this rapid growth is not yet fully reflected in all countries and therefore, in our results. But we believe we can better capitalize on these trends going forward with the reinforcement of our sales teams. Long-term commitment to carbon emissions reduction is essential with many European countries, including Spain and France, and various organizations convened under the political initiative Take Charge Europe, pushing to uphold the EU's 2035 zero emissions target, not only to decarbonize transport but also to remain competitive globally in the long term, as many indicators show that the future is electric. In the case of the North American market, different elements impacted the growth in Q3, which was up 22% compared to last year. First, the Canadian market has been soft all year due to 100% tariffs on Chinese-made cars and the end of the iZEV incentive program. This softness was offset by strong growth in the U.S. market during the quarter, which was driven by the pre-buying effect as consumers took advantage of the disappearing 30D tax credit at the end of September. As mentioned during our last earnings call, in the U.S., EV sales still significantly depend on incentives and in addition to the changing sentiment under the new administration. We believe that in the short and midterm, the EV market will be impacted. Therefore, we work closely together with our key commercial partners to maintain our residential AC sales, but also shifting our focus more towards commercial AC sales and further accelerating our DC sales, as these categories are less correlated with EV sales and more with the charging demand of existing fleets. The fastest-growing EV market was the rest of the world, which includes APAC and LatAm, with 63% year-over-year growth as we continue refocusing resources. And on Europe and North America, we have not been able to benefit from this growth, but it does underline the potential of these markets in the future, as mentioned earlier in this call. Luis, I'll turn it over to you to comment further on our financial details.
Thank you, Enrique. Good morning and good afternoon to everyone. The third quarter revenue was softer than expected and landed at EUR 35.5 million, outside our guided range, but did improve 2% year-over-year. There were different factors impacting the top line, but the largest factor was lower-than-expected AC sales in all global regions. DC sales performed very well, growing 34% compared to the same period last year and up 40% sequentially. This product category was responsible for seeing mild growth in Europe and double-digit growth in North America. Gross margin improved significantly with 200 basis points, landing at 39.8% and exceeding our guided range. The positive trend resulted from improved bill of materials, the impact of carbon credits, higher prices, and a reduction of warranty costs. The bill of materials is improving due to the switch to a new technology platform for selected AC products, which in parallel is improving the reliability and therefore, reducing the warranty costs. We expect this impact to be more clearly visible as we continue to reduce our inventory and start to deliver these new products. A new item contributing positively to our gross margin stems from carbon credits generated in the Canadian market through our existing products. The proceeds from these credits are reinvested into the EV market, offsetting discounts on our new products. The impact of higher prices resulted from the new generation Supernova sold in the U.S., which have better margins compared to the older version. Overall, we believe there are different levers we can pull to stabilize gross margins and find additional improvements in the future. Q3 labor costs and operating expenses totaled EUR 22.9 million, representing a 28% improvement compared to the same period last year. We continue to rightsize the organization while investing in our sales organization, as explained by Enrique. The key objective is to improve top line revenue but to remain lean in our operations. Cash costs, which is defined as labor costs and OpEx, excluding R&D capitalization, non-cash items, and one-off expenses declined even further, down 34% year-over-year. Considering the significant efficiency measures implemented over the past 2 years, we are pleased that we continue to identify new areas for optimization. Consolidated adjusted EBITDA loss for the quarter was EUR 6.9 million, slightly outside the guided range. This represents an 8% improvement versus the prior quarter, continuing the positive sequential trend observed throughout the year. The variance to guidance was primarily driven by softer top line performance as all other key variables met or exceeded expectations. To reach positive adjusted EBITDA, the reacceleration of revenue growth remains critical, a goal we are pursuing by reinforcing our sales organization and strengthening commercial execution. We ended the quarter with approximately EUR 27.7 million in cash, cash equivalents, and financial instruments. Loans and borrowings totaled EUR 179 million, representing a slight sequential decrease and consisting of EUR 67 million in long-term debt and EUR 112 million in short-term debt. During the quarter, as part of our constructive ongoing conversations, we reached a standstill agreement with the majority of our banking pool, temporarily suspending payments of principal and interest. This agreement provides a stable framework to facilitate the development of a long-term solution for our existing debt and for our capital structure in general. Our objective is for the remaining debt holders to join these discussions as we work toward a structure that aligns with Wallbox's business plan and long-term growth objectives. CapEx was light again this quarter and landed at EUR 0.3 million, of which negative EUR 0.1 million was related to investments in property, plant, and equipment. The reason for the negative impact of PPE investments is an accrual adjustment during the quarter and stricter cost controls, which resulted in higher efficiency gains than expected. Compared to the same period last year, CapEx investment decreased 82%. Inventory continued to trend downward, totaling EUR 50.8 million at the end of Q3. This represents a 34% year-over-year reduction and a 10% decrease versus the previous quarter, equivalent to approximately EUR 6 million. We are pleased with this progress as we continue to release cash from operations and the lower inventory levels position us to replenish at a more efficient bill of materials, supporting further gross margin improvement in the coming quarters. In recent quarters, we have been focused on stabilizing Wallbox's financial position. While we have made strong progress across multiple fronts, further improvements remain ahead. We will continue to prioritize sales expansion, operational excellence, disciplined cash management, inventory reduction, and limited CapEx investment alongside constructive ongoing discussions with our banking partners to establish a long-term capital structure as soon as possible. Enrique, I'll turn it back to you to provide some closing commentary.
