Dott Reports Fiscal 2025 Growth Amid Audit Complexity
Dott, the European micromobility provider formed from the merger of TIER and Dott, has released its audited annual report for the 2025 fiscal year. The company confirmed that its financial performance surpassed all consistency tests established in its July written procedure, maintaining revenue at €173.3 million.
The firm’s adjusted EBITDA reached €9.0 million, bolstered by a €1.7 million accrual release, significantly outperforming the €2.2 million threshold. Cash reserves currently sit at €31.4 million, while property, plant, and equipment were valued at €65.0 million following a post-merger adjustment to depreciation policies.
Despite the positive performance markers, the report includes a qualification from auditors PriceWaterhouseCoopers. The firm noted issues regarding the comparability of 2025 figures against 2024 results. This stems from a previous disclaimer of opinion on the 2024 statements, where €12.0 million in post-merger corrections could not be definitively allocated due to the loss of historical records and personnel during the company’s restructuring phase.
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