6-K
Ads-Tec Energy Public Ltd Co (ADSE)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO SECTION 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2025
Commission file number: 001-41188
ADS-TECEnergy Public Limited Company
(Translation of registrant’s name into English)
10 Earlsfort Terrace
Dublin 2, D02 T380, Ireland
Telephone: +353 1 920 1000
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
On May 12, 2025, ADS-TEC ENERGY PLC (the “Company”) issued a press release announcing its audited financial results for the fiscal year ended December 31, 2024 and providing operational update on the recent financial performance and key developments for the Company. A copy of that press release is furnished as Exhibit 99.1 to this Report of Foreign Private Issuer on Form 6-K (this “Form 6-K”) and is incorporated herein by reference.
In conjunction with the conference call being held on May 12, 2025 to discuss the Company’s results for the fiscal year ended December 31, 2024, the Company also made available to its investors an investor presentation to provide additional information regarding its business and financial results. That investor presentation is furnished as Exhibit 99.2 to this Report on Form 6-K and is incorporated herein by reference.
The information furnished in this Form 6-K, including the information contained in Exhibits 99.1 and 99.2, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by a specific reference in such filing. The investor presentation has been made available on the Company’s website at https://www.ads-tec-energy.com/company/invest. The fact that this presentation is being made available and filed herewith should not be deemed an admission as to the materiality of any information contained in the materials.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This Form 6-K includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “hope,” “predict,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include the Company’s expectations with respect to future performance and involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company’s control and are difficult to predict. Factors that may cause such differences include but are not limited to risks and uncertainties incorporated by reference under “Risk Factors” in the Company’s latest Form 20-F (SEC File No.001-41188) filed with the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with the SEC. The Company cautions that the foregoing list of factors is not exclusive. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.
EXHIBIT INDEX
| Exhibit No. | Description |
|---|---|
| 99.1 | Press Release, dated May 12, 2025 |
| 99.2 | Investor Presentation, dated May 12, 2025 |
1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| Date: May 12, 2025 | ADS-TEC ENERGY PLC | ||
|---|---|---|---|
| By: | /s/ Stefan Berndt-von Bülow | ||
| Name: | Stefan Berndt-von Bülow | ||
| Title: | Chief Financial Officer |
2
Exhibit 99.1
ADS-TEC Energy Reports Full Year 2024 FinancialResults and Provides Business Update
NÜRTINGEN, Germany – 12, May 2025 - ADS-TEC Energy (NASDAQ: ADSE), a global leader in battery-based energy storage and fast-charging systems, today announced its audited financial results for full year 2024, covering the period ended December 31, 2024.
Financial Highlights
Following the publication of ’24 results earlier this year below we are reporting finalized and fully audited ’24 results which do not deviate from the preliminary results.
| ● | Revenue: € 110.0 million for FY 2024, a 2.5 % increase compared to € 107.4 million in FY 2023 |
|---|---|
| ● | Gross Profit: € 19.4 million (17.7 % gross margin), up from a gross loss of € -2.9 million (-2.7 %) in FY 2023 |
| --- | --- |
| ● | Adjusted EBITDA (non-IFRS*): € 2.2 million, significant improvement from € -38.1 million in the prior year |
| --- | --- |
| ● | Operating Loss: € -8.6 million, compared to € -44.5 million in FY 2023 |
| --- | --- |
| ● | Cash and Cash Equivalents: € 22.9 million as of December 31, 2024 |
| --- | --- |
| ● | Customer Growth: Customer base expanded by over 200 %, reaching 55 customers across Europe, the United States, and Canada |
| --- | --- |
“2024 was a milestone year for ADS-TEC Energy, despite headwinds in the EV sector,” said Thomas Speidel, CEO of ADS-TEC Energy. “We navigated market volatility while achieving our first-ever positive adjusted EBITDA and more than tripled our customer base. As we move into 2025, we are transitioning into a more resilient, long-term growth phase—supported by new capital and a business model that leverages multiple recurring revenue streams across Europe and North America.”
Operational Highlights
| ● | $ 50 Million Financing Secured: On May 1, 2025, the company closed a $ 50 million funding round to support international growth<br>and expansion of its business model |
|---|---|
| ● | Shift to Resilient, Recurring revenues: Focus on long-term revenue streams backed by proven and proprietary technology |
| --- | --- |
| ● | Global Project Pipeline: Active negotiations in securing over 300 sites at high-traffic locations such as supermarkets, DIY<br>chains, convenience stores, gas stations, and more |
| --- | --- |
| ● | Significant growth opportunities in Energy Storage: Leveraging over a decade of experience, with its first commercial &<br>industrial (C&I) battery energy storage system (BESS) installed in 2012. Now participating in large-scale international BESS projects<br>from 2025 onward |
| --- | --- |
| ● | North American Expansion: Strengthened footprint in North America, including customer growth and a new strategic partnership<br>with Parkland Corporation |
| --- | --- |
| ● | Service Revenue Growth: Service business nearly tripled from € 2.0 million to € 5.6 million year-over-year, driven<br>by a growing installed base |
| --- | --- |
* Non-IFRS measures such as Adjusted EBITDA are used internally by management to evaluate operating performance and may differ from similarly titled measures used by other companies. Adjusted EBITDA is defined as operating loss adjusted by depreciation, amortization and effects from share-based payments.
Conference Call Information
The live webcast of the call will be available by clicking here. Please make sure to register ahead of the call and log in approximately 5-10 minutes prior to the scheduled start time.
The Investor Presentation will be available as a PDF document after the call within the section of the company's website.
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 statements regarding the delivery and installation of the PowerBoosters, our expectations with respect to future performance and the anticipated timing of certain commercial activities. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: the impact of the COVID-19 pandemic, geopolitical events including the Russian invasion of Ukraine, macroeconomic trends including changes in inflation or interest rates, or other events beyond our control on the overall economy, our business and those of our customers and suppliers, including due to supply chain disruptions and expense increases; our limited operating history as a public company; our dependence on widespread acceptance and adoption of EVs and increased installation of charging stations; our current dependence on sales to a limited number of customers for most of our revenues; overall demand for EV charging and the potential for reduced demand for EVs if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of EVs or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; supply chain interruptions and expense increases; unexpected delays in new product introductions; our ability to expand our operations and market share in Europe and the U.S.; the effects of competition; changes to battery energy storage standards; and the risk that our technology could have undetected defects or errors. Additional risks and uncertainties that could affect our financial results are included under “Item 3. Key Information – 3.D. Risk Factors” in our annual report on Form 20-F filed with the Securities and Exchange Commission (the “SEC”) on April 30, 2024, which is available on our website at https://www.ads-tec-energy.com and on the SEC’s website at www.sec.gov. Additional information will also 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.
Contacts
For ADS-TEC Energy Europe:
Dennis Müller
SVP Product Marketing & Communication
press@ads-tec-energy.com
For ADS-TEC Energy United States:
Barbara Hagin
Breakaway Communications
bhagin@breakawaycom.com
+1 408-832-7626
Exhibit 99.2
Earnings Call FY2024 Thomas Speidel (CEO) Stefan Berndt - von Bülow (CFO) 12.05.2025
ADS - TEC Energy © Cautionary Language Regarding Forward - Looking Statements This presentation includes “forward - looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward - looking statements may be identified using words such as “may,” “might,” “will,” “would,” “could,” “should,” “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Forward - looking statements are based on our current expectations, estimates, projections, targets, opinions and/or beliefs or, when applicable, of one or more third - party sources. No representation or warranty is made with respect to the reasonableness of any estimates, forecasts, illustrations, prospects or returns, which should be regarded as illustrative only. Such forward - looking statements, which include estimated financial information, involve known and unknown risks, uncertainties and other factors. These forward - looking statements include, but are not limited to, express or implied statements regarding our future financial performance, revenues and capital expenditures, our expectation of acceleration in our business due to factors including a re - opening economy and increased EV adoption and expectations related to the effective deployment of chargers. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward - looking statements. These factors include, without limitation: changes or developments in the broader general market; ongoing impact from COVID - 19 on our business, customers, and suppliers; macro political, economic, and business conditions; our limited operating history as a public company; our dependence on widespread adoption of EVs and increased installation of charging stations; mechanisms surrounding energy and non - energy costs for our charging products; the impact of governmental support and mandates that could reduce, modify, or eliminate financial incentives, rebates, and tax credits; our current dependence on sales to a limited number of customers; supply chain interruptions; impediments to our expansion plans; the need to attract additional customers; the effects of competition; and risks that our technology could have undetected defects or errors. Further information on these and other factors that could affect the forward - looking statements we make in this presentation can be found in the documents that we file with or furnish to the U.S. Securities and Exchange Commission, including our 20 - F filed with the SEC on May 09, 2025 and proxy statement/prospectus filed with the SEC on December 7, 2021, which are available on our website at https://adste - energy.com/investor - relations - corporate - governance/ and on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward - looking statements in this presentation are based on our current beliefs and 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 or to update the reasons why actual results could differ materially from those anticipated in the forward - looking statements, even if new information becomes available in the future. Industry and Market Data Although all information and opinions expressed in this presentation, including market data and other statistical information, were obtained from sources believed to be reliable and are included in good faith, the company has not independently verified the information and makes no representation or warranty, express or implied, as to its accuracy or completeness. for the correctness of any such information. In addition, certain of the industry and market data included in this presentation, if not labelled otherwise, is derived from the company’s internal research and estimates based on the knowledge and experience of its management in the markets in which it operates as well as the company’s review of internal sources as well as independent sources. Non - IFRS Financial Measures In addition to our results determined in accordance with International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board (IASB), we review financial measures that are not calculated and presented in accordance with IFRS (“non - IFRS financial measures”). We believe our non - IFRS financial measures are useful in evaluating our operating performance. We use the following non - IFRS financial information, collectively, to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that non - IFRS financial information, when taken collectively, may be helpful to investors, because it provides consistency and comparability with past financial performance and assists in comparisons with other companies, some of which use similar non - GAAP financial information to supplement their IFRS or US - GAAP results. The non - IFRS financial information is presented for supplemental informational purposes only, should not be considered a substitute for financial information presented in accordance with IFRS, and may be different from similarly titled non - IFRS measures used by other companies. A reconciliation of each historical non - IFRS financial measure to the most directly comparable financial measure stated in accordance with IFRS is provided above. Reconciliations of forward - looking non - IFRS financial measures are not provided because we are unable to provide such reconciliations without unreasonable effort due to the uncertainty regarding, and potential variability of, certain items, such as stock - based compensation expense and other costs and expenses that may be incurred in the future. Investors are encouraged to review the related IFRS financial measures and the reconciliation of these non - IFRS financial measures to their most directly comparable IFRS financial measures. Our non - IFRS financial measures include adjusted EBITDA defined as result for the period before net finance result, income tax benefits (expenses), net, depreciation and amortization, stock - based compensation, other (expense) income, net, and special items. Our management team ordinarily excludes special items from its review of the results of the ongoing operations. Special items are comprised of (1) provisions for onerous contracts, (2) significant asset impairments and write - offs, and (3) other items that we do not necessarily consider to be indicative of earnings from ongoing operating activities. Use of Trademarks and Other Intellectual Property All registered or unregistered service marks, trademarks and trade names referred to in this presentation are the property of their respective owners, and the use herein does not imply an affiliation with, or endorsement by, the owners of these service marks, trademarks and trade names. Third - party logos included herein may represent past customers, present customers or may be provided simply for illustrative purposes only. Inclusion of such logos does not necessarily imply affiliation with or endorsement by such firms or businesses. There is no guarantee that we will work, or continue to work, with any of the firms or businesses whose logos are included herein in the future Disclaimer 12.05.2025 2
ADS - TEC Energy © 1. Review FY2024 2. Strengthening Partnerships & Accelerating Recurring Revenues 3. Strategy EU/NAR 4. Financial Highlights 5. Summary 6. Q&A Agenda 12.05.2025 3
Review FY2024 01
ADS - TEC Energy © Review FY2024 ▪ First - time ever positive gross profit and positive adjusted EBITDA for full year ▪ Service revenue almost tripled to €5.6 million ▪ Growing customer base by more than 200 % to 55 customers across Europe, USA and Canada ▪ Focusing on resilient business model backed by long - term multi - revenues and proven technology 12.05.2025 5
Strengthening partnerships with new and existing clients Accelerating recurring revenues 02
ADS - TEC Energy © 2024 – due to market volatility and uncertainty, ADS - TEC Energy focused on significant margin improvements to ensure even more profitable growth in the coming periods combined with lower cashflow positive threshold. 2025 will be focused on continuing on our partnerships and accelerating recurring revenues for ADS - TEC Energy.
ADS - TEC Energy © Realizing new opportunities . ▪ We are continuously and successfully expanding our international customer base ▪ ADS - TEC Energy will act as full - service provider to realize selected infrastructure projects ▪ The company looks back on a long history in the C&I sector - the first BESS was installed in 2012 › In 2025+ ADS - TEC Energy will develop large - scale BESS projects ▪ ADS - TEC Energy has improved momentum in North America and was able to attract blue - chip customers such as Parkland 12.05.2025 8
Strategy Europe & North America 03
ADS - TEC Energy © ADS - TEC Energy © ADS - TEC Energy with strong momentum due to its strategy of “ ability to act ” ▪ 10+ years of development experience ▪ Continued focus on innovation ▪ Awarded and proven technology ▪ Resilient and long - term business model based on multi - revenues 12.05.2025 10 Foundation for a successful 360 ƒ approach
ADS - TEC Energy © 360 ƒ : Extended business model to realize infrastructure projects backed by long - term multi - revenue streams. 12.05.2025 11 360 ƒ ADS - TEC Energy as Full - Service Provider Own & Operate Investing in preferred infrastructure projects backed by long - term multi - revenue streams. Software Software solutions for the efficient use of the hardware and to ensure IT - Security. Installation & Commissioning Delivery, installation and final commissioning of ADS - TEC Energy’s battery - buffered solutions. Operation Operation of ADS - TEC Energy’s battery - buffered charging solutions or commercial & industrial BESS. Use cases: Charging, Energy Trading, Advertising (DOOH) Services Broad range of service contracts (SLA) and digital services (SaS). Optimized TCO and multi revenue business models. Hardware Battery - based products developed and engineered in Germany. NEW NEW NEW
ADS - TEC Energy © ChargePost enables resilient and long - term business models backed by multi - revenues: ▪ Ultra - fast charging ▪ Energy trading ▪ Advertising (DOOH)
ADS - TEC Energy © ▪ Large - scale storage systems are becoming crucial for the existing infrastructure and ADS - TEC Energy will take part in this international growth market ▪ Pipeline – one of the largest BESS projects in Europe is currently being planned and applied for (more than 500MW/1GWh).* › The required land has been secured exclusively for ADS - TEC Energy and the application to the TSO for the grid connection has been submitted. › We expect the official project start during 2025 ▪ Further BESS projects are coming in and are under development Renewed focus on C&I Projects 12.05.2025 13 *initial planning stage and subject to receipt of required permits and regulatory approvals
Financial Highlights FY2024 04
ADS - TEC Energy © ADS - TEC Energy © Revenues: ▪ €110.0 million for FY 2024, compared to €107.4 million in 2023. ▪ Amidst market uncertainties, ADS - TEC Energy was able to exceeded its previous year’s revenues, while growing its customer base by more than 200 % to 55 customers across Europe, USA and Canada. ▪ Service revenue almost tripled from €2.0 million (2023) to €5.6 million (2024). 110.0 107.4 50 60 70 80 90 100 110 120 Revenues FY 2024 12.05.2025 15 Revenues FY 2023 and FY 2024 FY 2023 FY 2024 Mio. EUR 0 1 2 3 4 5 6 5.6 FY 2023 2 FY 2024 Mio. EUR Total Revenues Service Revenues
ADS - TEC Energy © ADS - TEC Energy © Financial Highlights FY2024 12.05.2025 16 - 2.9 - 38.1 19.4 2.2 - 50 - 40 - 30 - 20 - 10 0 10 20 30 Gross Profit and (adjusted) EBITDA FY2023 and FY2024 2023 2024 ▪ Gross Margin : €19.4 million (17.7 %) for FY 2024 first - time ever positive gross profit compared to a negative gross margin of € - 2.9 million ( - 2.7 %) in FY 2023. ▪ Cost of Sales: € - 90.6 million decreased by 18 % compared to the previous year. ▪ Operating Result: € - 8.6 million significant improvement by € 35.9 million compared to € - 44.5 million for the previous year. ▪ Adjusted EBITDA (non - IFRS): €2.2 million for FY 2024 , a substantial turnaround from € - 38.1 million in H1 2024 . ▪ Cash and Cash Equivalents : €22.9 million as of December 31, 2024, demonstrating strong liquidity management Gross Profit EBITDA (adj.) Mio. EUR
Summary 05
ADS - TEC Energy © Strong financial basis ▪ First - time ever positive gross profit and positive adjusted EBITDA for full year ▪ Issued senior secured convertible notes with aggregate principal amount of $50.0 million and warrants to purchase 1,116,072 ordinary shares ▪ Extended existing shareholder loans until August 31, 2026 which can be used as credit line – currently open line of $25.6 million Growth Strategy ▪ Strengthening Partnerships with new and existing clients ▪ Accelerating recurring revenues ▪ Growing customer base by more than 200 % to 55 customers across Europe, USA and Canada ▪ Focusing on resilient business model backed by long - term multi - revenues and proven technology ▪ Service business almost tripled driven by growing installed base Technology recognition ▪ Nomination for German Future Award (2022) ▪ German Innovation Award (2024) ▪ Green Product Award (2024) ▪ German Environmental Award (2024) ▪ Red Dot Award (2024) ▪ ChargeBox and ChargePost have been proven by real operating data from clients ▪ Exceeding customer‘s experience due to very high utilization rates ▪ Technology has been developed for more than 1 decade 12.05.2025 18
Q&A 06
Thank You Thomas Speidel (CEO) Stefan Berndt - von Bülow (CFO) 12.05.2025
Templates Financials 07
ADS - TEC Energy © Consolidated statements of profit or loss and comprehensive income (loss) 12.05.2025 22 Dec 31, 2023 Dec 31, 2024 kEUR Continuing operations 107,384 110,013 Revenue - 110,270 - 90,585 Cost of sales - 2,886 19,427 Gross profit (loss) - 2,832 - 8,971 Research and development expenses - 27,823 - 31,588 Selling and general administrative expenses 104 - 58 Impairment gain (losses) on trade receivables, contract assets, and other investments 667 14,530 Other income - 11,755 - 1,949 Other expenses - 44,525 - 8,609 Operating result 190 24 Finance income - 13,887 - 88,883 Finance expenses - 13,697 - 88,858 Net finance result - 58,221 - 97,467 Result before tax 3,141 - 491 Income tax benefits (expenses) - 55,081 - 97,958 Result for the period Other comprehensive income Items that are or may be reclassified subsequently to profit or loss 61 939 Foreign operations – foreign currency translation differences 61 939 Other comprehensive income (loss) for the period, net of tax - 55,020 - 97,019 Total comprehensive income (loss) for the period Earnings (loss) per share (in EUR) - 1.13 - 1.91 Diluted - 1.13 - 1.91 Basic
ADS - TEC Energy © EBITDA and adjusted EBITDA* 12.05.2025 23 Dec 31, 2023 Dec 31, 2024 kEUR - 55,081 - 97,958 Result for the period 4,850 6,699 + Depreciation 13,697 88,858 + Net finance result - 3,141 491 + Income tax benefits (expenses) - 39,674 - 1,910 EBITDA 1,561 4,090 + share - based payments - 38,113 2,180 Adjusted EBITDA *EBITDA (non - IFRS) defined as result for the period before net finance result, income tax benefits (expenses), net, depreciation and amortization; adjusted EBITDA (non - IFRS) defined as EBITDA adjusted by effects of share - based payments on profit
ADS - TEC Energy © Consolidated statements of financial position 12.05.2025 24 ASSETS Dec 31, 2023 Dec 31, 2024 kEUR 25,041 20,529 Intangible assets 3,286 3,273 Right - of - use assets 6,391 6,195 Property, plant, and equipment 179 179 Other investments and other assets 4 6 Trade and other receivables (non - current) - 6 Deferred tax assets 34,900 30,188 Non - current assets 39,119 63,666 Inventories 21,227 14,929 Trade and other receivables (current) - 40 Contract assets - 13,447 Other accrued items - 102 Current tax assets 29,162 22,858 Cash and cash equivalents 89,509 115,042 Current assets 124,408 145,230 Total assets EQUITY AND LIABILITIES Dec 31, 2023 Dec 31, 2024 kEUR 33,919 - 42,809 Total equity 2,580 2,336 Lease liabilities (non - current) 21,626 119,581 Warrant liabilities (non - current) 169 209 Trade and other payables (non - current) 65 265 Contract liabilities (non - current) 4,513 2,132 Other provisions (non - current) 1,189 1,670 Deferred tax liabilities 30,142 126,192 Non - current liabilities 853 1,144 Lease liabilities (current) 13,908 13,333 Loans and borrowings (current) 22,021 34,963 Trade and other payables (current) 7,454 6,809 Contract liabilities (current) - 102 13 Income tax liabilities (current) 16,212 5,586 Other provisions (current) 60,347 61,847 Current liabilities 90,489 188,039 Total liabilities 124,408 145,230 Total equity and liabilities
ADS - TEC Energy © Consolidated statements of cash flows 12.05.2025 25 Dec 30, 2023 Dec 30, 2024 kEUR - 55,081 - 97,958 Result for the period 4,850 6,699 Depreciation and amortization 13,699 82,198 Finance result - 35 6,352 Non - cash effective foreign currency gains 1,451 3,866 Stock compensation 5 2 Gain (loss) on disposal of property, plant, and equipment 17,607 - 17,958 Change in working capital - 3,141 491 Income tax expenses 187 24 Interest received - 203 - 3 Interest taxes paid - 20,659 - 16,285 Cash flow from operating activities - 2,297 - 958 Purchase of property, plant, and equipment - 7,623 - 445 Investments in intangible assets, including internally generated intangible asset - 107 Proceeds from sale of property, plant, and equipment - 9,920 - 1,296 Cash flow from investing activities 12,033 13,966 Proceeds from borrowings, shareholder contribution, and loans 15,333 776 Proceeds from issue of shares and other equity securities - 9,260 Proceeds from the exercise of warrants - 703 - 11,225 Repayment of shareholder loans - 912 - 996 Repayment of lease liabilities - 259 - 1,183 Interest paid 25,492 - 10,598 Cash flow from financing activities - 5,087 - 6,984 Net decrease ( - ) / increase in cash and cash equivalents 34,441 29,162 Net cash and cash equivalents at the beginning of the period - 192 680 FX effects 29,162 22,858 Net cash and cash equivalents at the end of the period