DOTT PUBLISHES Q4 AND FY 2025 FINANCIAL REPORT

Amsterdam, 31st March 2026

KEY HIGHLIGHTS

• • €7 million Adjusted EBITDA for FY2025, achieving profitability for the first time

• • Robust Q4 performance with improvement in underlying economics and margins

• • Continued momentum in Q1 2026 with tender wins in several key cities

• • €85 million funding raised in Q4 across Nordic Bond and Series D Extension

• • 45,000 additional new vehicles ordered, on track for planned deployment in Q2 2026

• • Earnings expectations for FY 2026 of €30-40 million, Adjusted EBITDA reaffirmed 

Q4 2025 

• • Net Revenue of €39.2 million, (6%) YoY due primarily to market exits earlier in the year
  • Stronger vehicle economics, with RpAV +6% higher and NRVD +5% YoY
  • DMC margin improved to 23% supported by lower fixed operational cost
  • HQ costs reduced to €8.5m; restructuring largely completed with some spill over into Q1 
  • Adjusted EBITDA improved to €0.5 million profit as cost savings flowed through

FY2025

• • Net Revenue €173.3 million, (16%) YoY, after planned market exits and one‑off user churn
  • DMC margin remained resilient at 27%, supported by operational efficiency gains
  • Adjusted EBITDA improved to €7.2 million profit as HQ costs reduced to €39.8m 
  • EBITDA (€3.2 million), with exceptionals of €10.4 million largely related to restructuring 
  • Net Interest Bearing Debt €53.4 million, including €31.4 million Cash and Cash Equivalents

FY 2026 GUIDANCE REAFFIRMED AT €30-40 MILLION ADJUSTED EBITDA 

The positive momentum evident in Q4 2025 has been carried into 2026, with tender wins in key cities and continued strong performance in Paris driven by our new e-bikes. With new vehicles already starting to be deployed in Germany, Belgium, the UK, and Finland, and on track for full deployment within Q2 across our key city clusters, we plan to replicate this impact across further markets in 2026. Accordingly, we reaffirm our Adjusted EBITDA expectation for FY 2026 in line with the previously communicated range of €30–40 million.

Maxim Romain, CEO of Dott, commented:

“2025 was a transformational year for Dott. We simplified the organisation, cut costs significantly, and built a leaner, more scalable platform. Q4 was a strong finish to the year as the impact of this work started to show in our results. We have carried this momentum into the start of 2026 and, with deployment of our new vehicles now underway, we have the right platform to deliver a strong year ahead.”

Raoul Gatzen, Group CFO of Dott, added:

“We are proud of the milestones achieved in 2025, having delivered the first positive Adjusted EBITDA in Dott’s history and strengthened our balance sheet through the Nordic Bond issuance and equity raise. With the revolving credit facility in place, cost savings flowing through in full and the new fleet being deployed in 2026, we are well positioned to drive margin expansion and stronger cash generation.”

The full Q4 and FY 2025 Financial Report can be found here.

About Dott

Dott is the European champion of shared micromobility. Created through the merger of operators TIER and Dott in March 2024, the company decided to move forward under the single app and brand Dott.. With the mission of moving us closer, Dott facilitates easy urban travel, reduces pollution in cities, and decreases reliance on cars. The 200,000 Dott shared vehicles are today deployed in 400 cities and 20 countries across Europe and the Middle East. The 12 million users have generated over 500 million rides so far. The team is led by CEO Maxim Romain and Executive Chairman Henri Moissinac. For more information, visit www.ridedott.com