DOTT Publishes FY2025 Annual Report
TIER Mobility SE ("Dott") has published its FY2025 audited annual report, confirming that all four consistency tests against the unaudited results were met. Total revenue remained at €173.3 million and cash reserves stayed unchanged at €31.4 million. Adjusted EBITDA improved to €9.0 million due to a release of an accrual, while property, plant, and equipment (PP&E) decreased by €3.6 million following post-merger depreciation policy alignment. The audit report for FY2025 was unqualified; however, the auditor PwC issued a qualification regarding comparability with 2024 financials due to restructuring challenges after an ERP migration. A disclaimer of opinion was also given on the 2024 results because €12 million in corrections could not be accurately allocated between years or line items. Dott, formed by merging TIER and Dott in March 2024, operates as a shared micromobility provider across Europe and the Middle East with over 175,000 vehicles. The company is led by CEO Maxim Romain and Executive Chairman Henri Moissinac.
Topics: adjusted EBITDA audit qualification audited financials cash reserves consistency tests PP&E adjustments