#Netherlands #Amsterdam #Annual Report #Dott #TIER Mobility

Dott Publishes FY2025 Annual Report

Dott, the prominent shared micromobility company formed from the merger of TIER and Dott, has taken a significant step forward by releasing its FY2025 Annual Report on its website. As part of its commitment to transparency and accountability, the company has shared key financial insights that reflect its operational efficiency and market presence.

Key Financial Highlights

The report reveals some positive indicators for Dott's financial standing:

• - Total Revenue: Dott's total revenue has remained stable at €173.3 million, exceeding the threshold of €164.6 million.
• - Adjusted EBITDA: The company reported an increase in adjusted EBITDA by €1.7 million, bringing it to €9.0 million—well above the €2.2 million minimum expected.
• - Cash Position: Dott reported unchanged cash and cash equivalents at €31.4 million, significantly surpassing the expected €28.2 million.
• - Property, Plant, and Equipment (PPE): There's a noted decrease in PPE by €3.6 million, amounting to €65.0 million. This variance is attributed to adjustments following the merging process and the alignment of depreciation policies.

While these numbers showcase consistency and growth, there is a caveat attached to the FY2025 results due to auditor qualifications. Dott's auditor, PriceWaterhouseCoopers (PwC), highlighted concerns regarding the comparability of the 2025 figures to those of 2024. A disclaimer was issued for the 2024 results primarily due to complications arising from a €12.0 million correction related to the company's ERP migration process after its merger.

About Dott

Founded through the merger of TIER and Dott in March 2024, Dott has positioned itself as a champion of shared micromobility in Europe. The company operates under the belief that sustainable travel can significantly alleviate urban congestion and pollution. By integrating all its vehicles into a singular app, Dott aims to streamline urban mobility, offering users access to over 175,000 vehicles across more than 400 cities in Europe and the Middle East. With a user base exceeding 12 million, Dott has facilitated around 500 million rides, showcasing its commitment to eco-friendly and shared mobility options.

The executive team, led by CEO Maxim Romain and Chairman Henri Moissinac, continues to drive the vision of connecting communities while promoting sustainable transport options.

For those looking to delve deeper into Dott's operational metrics and financial health, the complete FY2025 Annual Report is available on Dott's official website at www.ridedott.com.

In conclusion, Dott's FY2025 financial performance reflects its strategic direction and commitment to enhancing urban mobility while addressing the challenges presented during its transition. As cities evolve, Dott's innovative solutions promise a brighter future for shared transportation, engaging communities and reducing reliance on private vehicles.