ADS-TEC Energy Reports Preliminary and Unaudited Financial Results
NÜRTINGEN, Germany--( BUSINESS WIRE)-- ADS-TEC Energy PLC (NASDAQ: ADSE) (the “Company”), a global leader in battery-based energy storage and fast-charging systems, today announced its preliminary and unaudited condensed consolidated financial statements for the year 2025, covering the period ended December 31, 2025.
Financial Overview
Business Development
Building for the Future
In line with its strategic priorities to implement a sustainable long-term capital structure, the Company is assessing financing options to support its future business over time, which may include bonds, bilateral loans or other debt facilities.
Preliminary and Unaudited Consolidated Financial Statements
Income Statement
2025
2024
EURk
preliminary and unaudited
Revenue
31.559
110.013
Cost of sales
(47.842
)
(90.585
)
Gross profit (loss)
(16.283
)
19.428
Research and development expenses
(8.488
)
(8.971
)
Selling and general administrative expenses
(32.797
)
(31.588
)
Impairment gains (losses) on trade receivables,
contract assets, and other investments
(55
)
(58
)
Other income
2.264
14.530
Other expenses
(1.334
)
(1.949
)
Operating result
(56.694
)
(8.608
)
Finance income
60.788
24
Finance expenses
(59.542
)
(88.883
)
Share listing expenses
-
-
Net finance result
1.246
(88.859
)
Result before tax
(55.447
)
(97.467
)
Income tax benefits (expenses)
257
(491
)
Result for the period
(55.190
)
(97.958
)
Balance Sheet
2025
2024
preliminary and unaudited
Assets
EURk
Intangible assets
12.910
20.529
Right-of-use assets
2.981
3.273
Property, plant, and equipment
7.614
6.195
Other investments and other assets
169
179
Trade and other receivables (non-current)
-
12
Deferred tax assets
15
-
Non-current assets
23.689
30.188
Inventories
51.010
63.666
Contract assets
-
40
Trade and other receivables (current)
8.563
28.479
Cash and cash equivalents
6.987
22.858
Current assets
66.560
115.043
Total assets
90.249
145.231
2025
2024
preliminary and unaudited
Equity and liabilities
EURk
Share capital
5
5
Capital reserves
332.907
245.298
Other equity
613
1.043
Retained earnings
(344.347
)
(289.156
)
Total equity
(10.822
)
(42.810
)
Lease liabilities (non-current)
1.866
2.336
Loans and borrowings (non-current)
54.808
119.581
Trade and other payables (non-current)
214
209
Contract liabilities (non-current)
2
265
Other provisions (non-current)
747
2.132
Deferred tax liabilities
1.345
1.670
Non-current liabilities
58.982
126.193
Lease liabilities (current)
1.322
1.144
Loans and borrowings (current)
5.010
13.333
Trade and other payables (current)
20.652
34.963
Contract liabilities (current)
11.955
6.809
Income tax liabilities (current)
75
14
Other provisions (current)
3.075
5.586
Current liabilities
42.089
61.849
Total liabilities
101.071
188.042
Total equity and liabilities
90.249
145.231
Cash Flow
2025
2024
EURk
preliminary and unaudited
Result for the period
(55.190
)
(97.958
)
Depreciation and amortization
10.588
6.699
Finance income excluding foreign currency (gains) losses
(60.788
)
(24
)
Finance expense
0
82.222
Share listing expense
59.542
-
Non-cash effective foreign currency gains
22
6.352
Stock compensation
2.655
3.866
Gain (loss) on disposal of property, plant, and equipment
115
2
Change in trade receivables not attributable to investing or financing activities
7.544
7.052
Change in inventories
11.818
(24.359
)
Change in trade payables
(14.367
)
12.929
Change in contract assets
40
(40
)
Change in contract liabilities
4.906
(462
)
Change in other investments and other assets
(341
)
101
Change in other provisions
(3.996
)
(13.063
)
Change in other liabilities
394
(116
)
Income tax expenses (benefits)
(257
)
491
Interest received
395
24
Income taxes paid
(15
)
(3
)
Cash flow from operating activities
(36.934
)
(16.287
)
Purchase of property, plant, and equipment
(2.883
)
(958
)
Investments in intangible assets, including internally generated intangible asset
(399
)
(445
)
Proceeds from sale of property, plant, and equipment
20
107
Cash flow from investing activities
(3.262
)
(1.296
)
Proceeds from borrowings, shareholder contribution, and loans
6.275
13.966
Proceeds from Convertible Loan
38.156
Proceeds from issues of shares and other equity securities
661
776
Proceeds from the issue of warrants presented as financial liabilities
9.000
-
Repayment of loans and borrowings
(11.225
)
Proceeds from the exercise of warrants
26.950
9.260
Repayment of shareholder loans
(22.026
)
-
Repayment of Convertible Loan
(21.231
)
Repayment of lease liabilities
(1.273
)
(996
)
Interest paid
(12.517
)
(1.183
)
Cash flow from financing activities
23.995
10.598
Net decrease (-) / increase in cash and cash equivalents
(16.201
)
(6.985
)
Cash and cash equivalents at the beginning of the period
22.858
29.162
FX effects
331
681
Net cash and cash equivalents at the end of the period
6.987
22.858
About ADS-TEC Energy
Based on more than ten years of experience with lithium-ion technologies, ADS-TEC Energy develops and produces battery storage solutions and fast charging systems including their energy management systems. Its battery-based fast-charging technology enables electric vehicles to charge ultra-fast even with weak power grids and is characterized by a very compact design. The Company, based in Nürtingen, Baden-Württemberg, was nominated for the German Future Prize by the Federal President and was included in the "Circle of Excellence" in 2022. The high quality and functionality of the battery systems is due to a particularly high level of in-depth development and in-house production. With its advanced system platforms, ADS-TEC Energy is a valuable partner for car manufacturers, energy supply companies and charging station operators.
More information at: www.ads-tec-energy.com
Forward-looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, among other things, statements regarding the Company’s expectations with respect to future performance, the development and scaling of its business lines, including EV charging, Commercial & Industrial, large scale battery projects, Own & Operate activities, service and software offerings, and the anticipated timing of certain commercial activities, as well as the Company’s ability to successfully execute its strategic transition toward a more diversified and recurring revenue-based business model. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: risks related to demand for EV charging and energy storage solutions and the continued adoption of electric vehicles; risks related to inventory levels and the Company’s ability to sell products at anticipated prices and within expected timeframes; risks that the Company’s order backlog may not be realized as expected, including as a result of delays, modifications or cancellations; risks associated with the development of large scale battery projects, such as the ability to obtain permits, achieve ready-to-build status, secure grid connection and supply chain arrangements, and complete construction and commercialization; risks related to the Company’s reliance on strategic partnerships and the potential for disruption, underperformance or termination of such arrangements; the Company’s ability to secure additional financing; the Company’s ability to access sufficient liquidity in the near term to sustain operations and execute its strategy; risks relating to the capital-intensive nature of the Own & Operate model, including utilization risk and the ability to recover upfront investments; risks related to customer adoption, retention and service performance; supply chain constraints, reliance on key suppliers and contractors, and risks of delays, cost overruns or disruptions in project execution; competition and technological developments in the EV charging and battery storage markets; the Company’s dependence on a limited number of customers for a significant portion of revenues; potential reductions in governmental incentives supporting EV adoption; unexpected delays in product development or commercialization; the Company’s ability to expand geographically and build scalable processes; the risk that the Company’s technology could have undetected defects or errors; as well as general macroeconomic, regulatory and market conditions, including inflation, interest rates, geopolitical developments and changes in energy and environmental regulation. Additional information regarding these and other risks and uncertainties will be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.