ADS-TEC Energy PLC is a B2B technology company that develops and manufactures battery-buffered energy storage and ultra-fast charging systems. Headquartered in Germany, the company specializes in decentralized energy platforms that enable high-power electric vehicle (EV) charging on power-limited grids. Its core products include the ChargeBox and ChargePost systems, which serve commercial, industrial, and utility customers across Europe and North America.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
31,559
110,013
107,384
26,430
Cost of Sales
47,842
90,585
110,270
30,904
Gross Profit
(16,283)
19,427
(2,886)
(4,474)
Selling, General & Administrative Expenses
32,797
31,588
27,823
31,319
Research & Development Expenses
8,488
8,971
2,832
1,701
Other Operating Expenses
(875)
(12,523)
10,984
(1,071)
Operating Profit
(56,694)
(8,609)
(44,525)
(36,423)
Interest and Investment Income
60,788
24
190
20,515
Interest Expense
(59,542)
(88,883)
(13,887)
(427)
Total Non-Operating Income
1,246
(88,859)
(13,697)
20,088
Income Before Provision for Income Taxes
(55,447)
(97,467)
(58,221)
(16,335)
Provision for Income Taxes
(257)
491
(3,141)
2,572
Consolidated Net Income
(55,190)
(97,958)
(55,081)
(18,906)
Net Income Attributable to Common Shareholders
(55,190)
(97,958)
(55,081)
(18,906)
Basic EPS
-0.98
-1.91
-1.13
-0.39
Diluted EPS
-0.98
-1.91
-1.13
-0.39
Basic Weighted Average Shares Outstanding
56,394
51,224
48,919
48,809
Diluted Weighted Average Shares Outstanding
61,558
57,724
49,208
49,005
Shares Outstanding
60,436
52,363
50,585
48,877
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
6,987
22,858
29,162
34,441
Total Cash and Cash Equivalents
6,987
22,858
29,162
34,441
Accounts Receivable
7,630
14,929
21,224
17,666
Total Trade Receivables
7,630
14,929
21,224
17,666
Inventories
51,010
63,666
39,119
53,137
Other Current Assets
933
13,589
—
6
Total Current Assets
66,560
115,042
89,505
105,250
Net Property, Plant & Equipment
10,595
9,468
9,677
8,755
Net Intangible Assets
12,910
20,529
25,041
22,059
Long-Term Investments
144
179
179
3,373
Other Long-Term Assets
40
12
106
4
Total Assets
90,249
145,230
124,508
139,442
Accounts Payable
20,652
34,963
22,020
15,702
Accrued Expenses
3,075
5,586
16,212
2,056
Current Portion of Long-Term Debt
5,010
13,333
13,908
—
Current Portion of Leases
1,322
1,144
853
842
Unearned Revenue
11,955
6,809
7,454
23,583
Other Current Liabilities
43,625
13
—
189
Total Current Liabilities
85,638
61,847
60,447
42,373
Leases
1,866
2,336
2,580
2,635
Other Long-Term Liabilities
13,567
123,857
27,562
13,687
Total Long-Term Liabilities
15,432
126,192
30,142
16,322
Total Liabilities
101,071
188,039
90,589
58,695
Common Stock
5
5
4
4
Additional Paid-in Capital
332,907
245,298
225,007
216,815
Accumulated Other Comprehensive Income
613
1,044
106
45
Retained Earnings
(344,347)
(289,156)
(191,198)
(136,117)
Total Common Shareholders' Equity
(10,822)
(42,809)
33,919
80,747
Total Shareholders' Equity
(10,822)
(42,809)
33,919
80,747
Total Liabilities and Shareholders' Equity
90,249
145,230
124,508
139,442
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
(55,190)
(97,958)
(55,081)
(18,906)
Depreciation & Amortization
10,588
6,699
4,850
4,336
Share-Based Compensation Expense
2,655
3,866
1,451
2,767
Other Adjustments
(1,023)
89,067
10,715
(17,299)
Changes in Trade Receivables
7,544
7,052
(1,616)
(6,716)
Changes in Inventories
11,819
(24,359)
13,475
(40,195)
Changes in Accounts Payable
(14,367)
12,929
6,117
3,689
Changes in Accrued Expenses
(3,602)
(13,179)
12,620
(2,766)
Changes in Income Taxes Payable
(15)
(3)
(203)
—
Changes in Unearned Revenue
4,906
(462)
(16,185)
17,387
Changes in Other Operating Activities
(301)
61
3,196
95
Cash from Operating Activities
(36,985)
(16,285)
(20,659)
(57,805)
Capital Expenditure
(2,883)
(958)
(2,297)
(3,484)
Proceeds from Sale of Property, Plant & Equipment
20
107
—
—
Purchases of Intangible Assets
(399)
(445)
(7,623)
(7,586)
Cash from Investing Activities
(3,262)
(1,296)
(9,920)
(10,874)
Issuance of Long-Term Debt
44,431
13,966
12,033
—
Repayments of Long-Term Debt
(44,479)
(12,221)
(1,615)
(8,228)
Net Issuance / (Repayments) of Long-Term Debt
(48)
1,745
10,418
(8,228)
Issuance of Common Shares
661
776
6,741
—
Net Issuance / (Repurchases) of Common Shares
661
776
6,741
—
Other Financing Activities
23,433
8,077
8,333
(427)
Cash from Financing Activities
24,046
10,598
25,492
(8,655)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
331
680
(192)
9,962
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash