ADS-TEC Energy (NASDAQ:ADSE), a global leader in battery-buffered ultra-fast charging technology, released its preliminary and unaudited financial statements for the fiscal year 2025 today.
The company reported total revenue of €31.6 million for 2025, a decrease from the €110 million reported in the previous year.
Management attributed the decline to two primary factors: the insolvency of a major customer within its legacy EV-charging hardware segment and a strategic transition toward new business models that are currently in the deployment phase.
Despite the contraction in top-line hardware revenue, ADS-TEC Energy achieved significant growth in its high-margin service revenues, which rose to €10.3 million in 2025—nearly doubling the €5.6 million recorded in 2024.
The company also reported an operating result of minus €56.7 million for the year, compared to minus €8.6 million in 2024.
This figure was impacted by the lower consolidated revenue as well as a one-time €10.2 million inventory write-down.
The write-down was driven by valuation adjustments in raw materials and finished goods as the company realigns its production capacity with its new strategic focus.
Meanwhile, a key milestone in the company’s capital management was reached in November 2025 with the full redemption of its $27.9 million senior secured convertible notes.
Following this deleveraging move, ADS-TEC Energy concluded the year with a cash position of €7 million.