ADS-TEC Energy Reports 2.5% Revenue Increase and Achieves First Positive Adjusted EBITDA in 2024

Reuters
13 May
ADS-TEC Energy Reports 2.5% Revenue Increase and Achieves First Positive Adjusted EBITDA in 2024

ADS-TEC Energy plc reported its full-year 2024 financial results, revealing a revenue of €110.0 million, marking a 2.5% increase from €107.4 million in 2023. The company achieved a gross profit of €19.4 million, with a 17.7% gross margin, compared to a gross loss of €-2.9 million in 2023. Adjusted EBITDA showed significant improvement, reaching €2.2 million, up from €-38.1 million the previous year. The operating loss was reduced to €-8.6 million from €-44.5 million in 2023. ADS-TEC Energy also reported cash and cash equivalents of €22.9 million as of December 31, 2024. The company expanded its customer base by over 200%, reaching 55 customers across Europe, the United States, and Canada. Service revenue nearly tripled, increasing from €2.0 million to €5.6 million year-over-year. Significant growth opportunities were identified in energy storage, with the company participating in large-scale international battery energy storage system $(BESS)$ projects from 2025 onward. ADS-TEC Energy also strengthened its presence in North America through customer growth and a strategic partnership with Parkland Corporation. A $50 million financing round was secured on May 1, 2025, to support international growth and the expansion of its business model. The company is focusing on long-term revenue streams backed by proven and proprietary technology, with active negotiations for securing over 300 sites at high-traffic locations.

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