DOTT PUBLISHES FY2025 ANNUAL REPORT
Dott is pleased to confirm that all four tests of consistency against the FY2025 unaudited results as set out in the July written procedure have been met.
- Total revenue is unchanged at €173.3 million (vs. €164.6 million threshold)
- Adjusted EBITDA increased by €1.7 million to €9.0 million (vs. €2.2 million threshold) as a result of a €1.7m accrual release
- Cash and cash equivalents are unchanged at €31.4 million. (vs. €28.2 million threshold)
- PP&E decreased by €3.6 million to €65.0 million (vs €58.6 million threshold) as a result of a correction to the alignment of depreciation policies post-merger
While the 2025 figures are unqualified, the 2025 Audit opinion contains a qualification by Dott's auditor PriceWaterhouseCoopers ("PwC") in relation to the comparability of 2025 numbers with respect to 2024 consolidated financial statements. PwC issued a disclaimer of opinion on the 2024 results, primarily because €12.0 million of corrections recorded after the ERP migration post-merger could not be satisfactorily allocated between line items and between financial years due to lack of access to historical records and personnel following Dott's post-merger restructuring activities.
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This information is information that Tier Mobility SE is obliged to make public pursuant to the EU Market Abuse Regulation.
About Dott
Dott is the European champion of shared micromobility. Created through the merger of operators TIER and Dott in March 2024, the company decided to move forward under the name of Dott and integrated all vehicles into the Dott app. With the mission of moving us closer, the team is led by CEO Maxim Romain and Executive Chairman of the Board Henri Moissinac. Dott facilitates sustainable travel, reduces congestion and pollution in cities, and decreases reliance on cars. With more than 175,000 shared vehicles in more than 400 cities across 20 countries in Europe and the Middle East, the 12 million users have generated 500 million rides so far. For more information, visit www.ridedott.com
View original content:https://www.prnewswire.com/news-releases/dott-publishes-fy2025-annual-report-302894300.html
SOURCE Dott
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