#Netherlands #Amsterdam #Electrification #Micromobility #Dott

DOTT's Journey to Profitability in 2025

In a major turnaround, DOTT has reported an adjusted EBITDA of €7 million for the fiscal year 2025, marking the company's inaugural foray into profitability. Managing to counteract revenue losses stemming from market exits as well as user migrations from previous competitors, the latter half of the year saw improved underlying economics, largely propelled by increased rider engagement. Alongside a shift to a more adaptable revenue-sharing model in key urban hubs, DOTT also significantly reduced headquarters expenses, contributing to their newfound financial success.

Key Financial Highlights

The year 2025 revealed key financial metrics that signaled DOTT’s growth trajectory:

• - Total Revenues: €173 million
• - Adjusted EBITDA: €7 million
• - Reported EBITDA: -€4 million (including exceptionals totaling €11 million due to restructuring for a leaner HQ)
• - Net Interest Bearing Debt: €53 million, out of which €31 million is in cash and cash equivalents

DOTT’s CEO, Maxim Romain, attributed the profitability largely to effective restructuring measures that streamlined operations and primed the company for future market challenges. He emphasized the organization’s focus on operational excellence moving forward, especially with a fresh vehicle fleet.

Expansion Plans: 45,000 New Vehicles on the Horizon

As per the latest announcements, DOTT is set to deploy an impressive 45,000 new vehicles by the second quarter of 2026. With the capital garnered from a Nordic bond, the company is refreshing its fleet to include approximately 13,000 new e-bikes and 32,000 new e-scooters. Aimed at enhancing urban mobility across various European and Middle Eastern markets, this bold move coincides with the unveiling of new models that promise to elevate user experience and provide better operational economics.

The successful execution of this fleet deployment is critical as it positions DOTT strategically in the rapidly evolving micromobility landscape. Moreover, the organization's leadership is organizing to ensure that operational and tactical execution aligns seamlessly with these grand ambitions.

Financial Flexibility and Future Guidance

Moving into 2026, the company has reaffirmed its adjusted EBITDA guidance, estimating profits to fall between €30–40 million. DOTT has secured a €10 million super senior revolving credit facility with Rabobank, enhancing its capital structure. Alongside this, the company anticipates a €15 million equity funding extension to maintain financial flexibility.

DOTT’s CFO, Raoul Gatzen, highlighted the significance of achieving its first positive adjusted EBITDA in history, showcasing the increased efficiency and robust financial strategies that have been implemented. He conveyed confidence that these adjustments would lead to vastly improved cash flows as the new fleet becomes operational.

Leadership Changes and Future Vision

As part of its strategic evolution, DOTT has seen a shift in leadership roles. Maxim Romain has stepped into the role of CEO starting January 2026, while co-founder Henri Moissinac has transitioned to Executive Chairman. This leadership change echoes DOTT’s commitment to innovation and operational excellence as they prepare to roll out the new fleet and develop strategic initiatives for long-term growth.

In conclusion, 2025 was indeed a pivotal year for DOTT, with the company not only achieving profitability but also laying the groundwork for ambitious expansion in the micromobility market. With a refreshed fleet and strategic alignment under new leadership, DOTT stands poised to lead in the coming years, effectively meeting the growing demand for progressive transportation solutions in urban environments.