ADSE on Nasdaq
Ads-Tec Energy Public Ltd Co
Ads-Tec Energy Public Ltd Co is a miscellaneous electrical machinery company, listed on Nasdaq (ADSE).1
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Last updated Oct 21, 2026.
Overview
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- TickerADSE on Nasdaq1
- IndustryMiscellaneous Electrical Machinery, Equipment & Supplies1
- HeadquartersL21
- Incorporated inIreland2
- Business address10 Earlsfort Terrace, Dublin 2, Dublin2
- Filer categoryNon-accelerated filer, Emerging growth company2
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320 kW) while operating on significantly lower grid connection capacity (22-110kW). This creates three critical economic advantages:3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in EUR, the currency the company reports in.
Key numbers, fiscal 2024
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Reportable segments [member] brought in 57% of the revenue Ads-Tec Energy Public Ltd Co broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Reportable segments [member] | 108.5M EUR | 113.0M EUR | 41.4M EUR |
| Segment Group | 107.4M EUR | 110.0M EUR | 31.6M EUR |
Regions
Europe brought in 86% of the revenue Ads-Tec Energy Public Ltd Co broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| Europe | 103.6M EUR | 107.4M EUR | 39.0M EUR |
| Americas | 5.0M EUR | 5.6M EUR | 2.5M EUR |
| North America | 5.0M EUR | 5.6M EUR | 2.5M EUR |
| Spain | 143.0K EUR | 144.0K EUR | 413.0K EUR |
| AUMember | 199.0K EUR | 2.0K EUR | 330.0K EUR |
| Rest Of The World | 224.0K EUR | 219.0K EUR | 182.0K EUR |
| Switzerland | 1.5M EUR | 422.0K EUR | 174.0K EUR |
| Great Britain | 15.0K EUR | 165.0K EUR | 140.0K EUR |
| France | 6.0K EUR | 1.2M EUR | 126.0K EUR |
| Italy | 126.0K EUR | ||
| GR | 2.5M EUR | 46.0K EUR |
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Cost of revenue82¢90.6M EUR
- Research and development8¢9.0M EUR
- Interest10¢10.9M EUR
- Income tax0¢491.0K EUR
Out of 110.0M EUR in revenue.4 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | 31.6M EUR | 110.0M EUR | 107.4M EUR |
| Cost of sales | -47.8M EUR | -90.6M EUR | -110.3M EUR |
| Gross profit (loss) | -16.3M EUR | 19.4M EUR | -2.9M EUR |
| Research and development expenses | -8.5M EUR | -9.0M EUR | -2.8M EUR |
| Selling and general administrative expenses | -32.8M EUR | -31.6M EUR | -27.8M EUR |
| Impairment gains (losses) on trade receivables, contract assets, and other investments | -55.0K EUR | -58.0K EUR | 104.0K EUR |
| Other income | 2.3M EUR | 14.5M EUR | 667.0K EUR |
| Other expenses | -1.3M EUR | -1.9M EUR | -11.8M EUR |
| Operating result | -56.7M EUR | -8.6M EUR | -44.5M EUR |
| Finance income | 60.8M EUR | 24.0K EUR | 190.0K EUR |
| Finance expenses | -59.5M EUR | -88.9M EUR | -13.9M EUR |
| Net finance result | 1.2M EUR | -88.9M EUR | -13.7M EUR |
| Result before tax | -55.4M EUR | -97.5M EUR | -58.2M EUR |
| Income tax benefits (expenses) | 257.0K EUR | -491.0K EUR | 3.1M EUR |
| Result for the period | -55.2M EUR | -98.0M EUR | -55.1M EUR |
| Foreign operations foreign currency translation differences | -432.0K EUR | 939.0K EUR | 61.0K EUR |
| Other comprehensive income (loss) for the period, net of tax | -432.0K EUR | 939.0K EUR | 61.0K EUR |
| Total comprehensive income (loss) for the period | -55.6M EUR | -97.0M EUR | -55.0M EUR |
| Shareholders of the parent | -55.2M EUR | -98.0M EUR | -55.1M EUR |
| Shareholders of the parent | -55.6M EUR | -97.0M EUR | -55.0M EUR |
| Diluted (in Euro per share and Dollars per share) | -0.98 EUR | -1.91 EUR | -1.13 EUR |
| Basic (in Euro per share and Dollars per share) | -0.98 EUR | -1.91 EUR | -1.13 EUR |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Intangible assets | 12.9M EUR | 20.5M EUR | ||
| Right-of-use assets | 3.0M EUR | 3.3M EUR | 3.3M EUR | |
| Property, plant and equipment | 7.6M EUR | 6.2M EUR | ||
| Other investments and other assets (non-current) | 144.0K EUR | 179.0K EUR | ||
| Trade and other receivables (non-current) | 25.0K EUR | 6.0K EUR | ||
| Deferred tax assets | 15.0K EUR | 6.0K EUR | ||
| Non-current assets | 23.7M EUR | 30.2M EUR | ||
| Inventories | 51.0M EUR | 63.7M EUR | 39.1M EUR | |
| Trade and other receivables (current) | 7.6M EUR | 14.9M EUR | ||
| Contract assets | 40.0K EUR | |||
| Other accrued items | 933.0K EUR | 13.4M EUR | ||
| Current tax assets | 102.0K EUR | |||
| Cash and cash equivalents | 7.0M EUR | 22.9M EUR | ||
| Current assets | 66.6M EUR | 115.0M EUR | 89.5M EUR | |
| Total assets | 90.2M EUR | 145.2M EUR | ||
| Share capital | 5.0K EUR | 5.0K EUR | 4.0K EUR | 5.0K EUR |
| Capital reserves | 332.9M EUR | 245.3M EUR | 225.0M EUR | |
| Other equity | 613.0K EUR | 1.0M EUR | 106.0K EUR | |
| Retained earnings | -289.2M EUR | -191.2M EUR | -136.1M EUR | |
| Profit (loss) | -55.2M EUR | -98.0M EUR | ||
| Equity attributable to owners of the Company | -10.8M EUR | -42.8M EUR | 33.9M EUR | |
| Total equity | -10.8M EUR | -42.8M EUR | 33.9M EUR | 80.7M EUR |
| Lease liabilities (non-current) | 1.9M EUR | 2.3M EUR | ||
| Warrant liabilities (non-current) | 11.3M EUR | 119.6M EUR | ||
| Trade and other payables (non-current) | 214.0K EUR | 209.0K EUR | ||
| Contract liabilities (non-current) | 2.0K EUR | 265.0K EUR | ||
| Other provisions (non-current) | 747.0K EUR | 2.1M EUR | ||
| Deferred tax liabilities | 1.3M EUR | 1.7M EUR | ||
| Non-current liabilities | 15.4M EUR | 126.2M EUR | ||
| Lease liabilities (current) | 1.3M EUR | 1.1M EUR | ||
| Warrant liabilities (current) | 43.5M EUR | |||
| Loans and borrowings (current) | 5.0M EUR | 13.3M EUR | ||
| Trade and other payables (current) | 20.7M EUR | 35.0M EUR | ||
| Contract liabilities (current) | 12.0M EUR | 6.8M EUR | ||
| Income tax liabilities (current) | 75.0K EUR | 13.0K EUR | ||
| Other provisions (current) | 3.1M EUR | 5.6M EUR | ||
| Current liabilities | 85.6M EUR | 61.8M EUR | ||
| Total liabilities | 101.1M EUR | 188.0M EUR | 90.5M EUR | |
| Total equity and liabilities | 90.2M EUR | 145.2M EUR |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Intangible assets | 12.9M EUR | 20.5M EUR | ||
| Right-of-use assets | 3.0M EUR | 3.3M EUR | 3.3M EUR | |
| Property, plant and equipment | 7.6M EUR | 6.2M EUR | ||
| Other investments and other assets (non-current) | 144.0K EUR | 179.0K EUR | ||
| Trade and other receivables (non-current) | 25.0K EUR | 6.0K EUR | ||
| Deferred tax assets | 15.0K EUR | 6.0K EUR | ||
| Non-current assets | 23.7M EUR | 30.2M EUR | ||
| Inventories | 51.0M EUR | 63.7M EUR | 39.1M EUR | |
| Trade and other receivables (current) | 7.6M EUR | 14.9M EUR | ||
| Contract assets | 40.0K EUR | |||
| Other accrued items | 933.0K EUR | 13.4M EUR | ||
| Current tax assets | 102.0K EUR | |||
| Cash and cash equivalents | 7.0M EUR | 22.9M EUR | ||
| Current assets | 66.6M EUR | 115.0M EUR | 89.5M EUR | |
| Total assets | 90.2M EUR | 145.2M EUR | ||
| Share capital | 5.0K EUR | 5.0K EUR | 4.0K EUR | 5.0K EUR |
| Capital reserves | 332.9M EUR | 245.3M EUR | 225.0M EUR | |
| Other equity | 613.0K EUR | 1.0M EUR | 106.0K EUR | |
| Retained earnings | -289.2M EUR | -191.2M EUR | -136.1M EUR | |
| Profit (loss) | -55.2M EUR | -98.0M EUR | ||
| Equity attributable to owners of the Company | -10.8M EUR | -42.8M EUR | 33.9M EUR | |
| Total equity | -10.8M EUR | -42.8M EUR | 33.9M EUR | 80.7M EUR |
| Lease liabilities (non-current) | 1.9M EUR | 2.3M EUR | ||
| Warrant liabilities (non-current) | 11.3M EUR | 119.6M EUR | ||
| Trade and other payables (non-current) | 214.0K EUR | 209.0K EUR | ||
| Contract liabilities (non-current) | 2.0K EUR | 265.0K EUR | ||
| Other provisions (non-current) | 747.0K EUR | 2.1M EUR | ||
| Deferred tax liabilities | 1.3M EUR | 1.7M EUR | ||
| Non-current liabilities | 15.4M EUR | 126.2M EUR | ||
| Lease liabilities (current) | 1.3M EUR | 1.1M EUR | ||
| Warrant liabilities (current) | 43.5M EUR | |||
| Loans and borrowings (current) | 5.0M EUR | 13.3M EUR | ||
| Trade and other payables (current) | 20.7M EUR | 35.0M EUR | ||
| Contract liabilities (current) | 12.0M EUR | 6.8M EUR | ||
| Income tax liabilities (current) | 75.0K EUR | 13.0K EUR | ||
| Other provisions (current) | 3.1M EUR | 5.6M EUR | ||
| Current liabilities | 85.6M EUR | 61.8M EUR | ||
| Total liabilities | 101.1M EUR | 188.0M EUR | 90.5M EUR | |
| Total equity and liabilities | 90.2M EUR | 145.2M EUR |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Result for the period | -55.2M EUR | -98.0M EUR | -55.1M EUR |
| Depreciation and amortization | 10.6M EUR | 6.7M EUR | 4.8M EUR |
| Finance income excluding foreign currency gains | -60.8M EUR | -24.0K EUR | -187.0K EUR |
| Finance expense excluding foreign currency losses | 59.5M EUR | 82.2M EUR | 13.9M EUR |
| Non-cash effective foreign currency (gains) losses | 22.0K EUR | 6.4M EUR | -35.0K EUR |
| Non-cash effect of share-based payments | 2.7M EUR | 3.9M EUR | 1.5M EUR |
| Loss on disposal of property, plant and equipment | 63.0K EUR | 2.0K EUR | 5.0K EUR |
| Change in trade receivables not attributable to investing or financing activities | 7.5M EUR | 7.1M EUR | -1.6M EUR |
| Change in inventories | -1.4M EUR | -25.0M EUR | 5.4M EUR |
| Change in write-downs on inventories | 13.2M EUR | 689.0K EUR | 8.1M EUR |
| Change in trade payables | -14.4M EUR | 12.9M EUR | 6.1M EUR |
| Change in contract assets | 40.0K EUR | -40.0K EUR | 6.0K EUR |
| Change in contract liabilities | 4.9M EUR | -462.0K EUR | -16.2M EUR |
| Change in other investments and other assets | -341.0K EUR | 101.0K EUR | 3.2M EUR |
| Change in other provisions | -4.0M EUR | -13.1M EUR | 11.9M EUR |
| Change in other liabilities | 394.0K EUR | -116.0K EUR | 692.0K EUR |
| Income tax expenses (benefits) | -257.0K EUR | 491.0K EUR | -3.1M EUR |
| Interest received | 395.0K EUR | 24.0K EUR | 187.0K EUR |
| Income taxes paid | -15.0K EUR | -3.0K EUR | -203.0K EUR |
| Cash flow from operating activities | -37.0M EUR | -16.3M EUR | -20.7M EUR |
| Purchase of property, plant and equipment | -2.9M EUR | -958.0K EUR | -2.3M EUR |
| Investments in intangible assets, including internally generated intangible asset | -399.0K EUR | -445.0K EUR | -7.6M EUR |
| Proceeds from sale of property, plant and equipment | 20.0K EUR | 107.0K EUR | |
| Cash flow from investing activities | -3.3M EUR | -1.3M EUR | -9.9M EUR |
| Proceeds from shareholder loans | 6.3M EUR | 14.0M EUR | 12.0M EUR |
| Proceeds from convertible notes | 38.2M EUR | ||
| Proceeds from issuance of shares and other equity securities | 661.0K EUR | 776.0K EUR | 6.7M EUR |
| Proceeds from the issuance of warrants presented as financial liabilities | 9.0M EUR | 8.6M EUR | |
| Proceeds from the exercise of warrants | 26.9M EUR | 9.3M EUR | |
| Repayment of shareholder loans | -22.0M EUR | -11.2M EUR | -703.0K EUR |
| Repayment of convertible notes | -21.2M EUR | ||
| Repayment of lease liabilities | -1.2M EUR | -996.0K EUR | -912.0K EUR |
| Interest paid | -12.5M EUR | -1.2M EUR | -259.0K EUR |
| Cash flow from financing activities | 24.0M EUR | 10.6M EUR | 25.5M EUR |
| Change in cash and cash equivalents | -16.2M EUR | -7.0M EUR | -5.1M EUR |
| FX effects | 331.0K EUR | 680.0K EUR | -192.0K EUR |
No quarter-by-quarter statement was filed.
Corporate structure
Ads-Tec Energy Public Ltd Co sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Ads-Tec Energy Public Ltd Co
- LUCERNE CAPITAL MANAGEMENT LP Filed SCHEDULE 13D/A on Ads-Tec Energy Public Ltd Co, latest Jun 4, 2026 (6 filings since Jun 30, 2023)
- MIRABELLA FINANCIAL SERVICES LLP Filed SCHEDULE 13G/A on Ads-Tec Energy Public Ltd Co, latest May 15, 2026 (4 filings since Feb 13, 2025)
- ads-tec Holding GmbH Filed SCHEDULE 13D/A on Ads-Tec Energy Public Ltd Co, latest Apr 7, 2025 (3 filings since Jan 4, 2022)
- Swedbank Robur Fonder AB Filed SC 13G/A on Ads-Tec Energy Public Ltd Co, latest Jan 25, 2024 (2 filings since Feb 11, 2022)
- Hartree Partners, LP Filed SC 13G/A on Ads-Tec Energy Public Ltd Co, latest Feb 14, 2022
- Sculptor Capital LP Filed SC 13G/A on Ads-Tec Energy Public Ltd Co, latest Feb 14, 2022
- Robert Bosch GmbH Filed SC 13D/A on Ads-Tec Energy Public Ltd Co, latest Jan 18, 2022 (2 filings since Dec 30, 2021)
- Ads-Tec Energy Public Ltd Co L2
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Ads-Tec Energy Public Ltd Co reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | 6.2M EUR4 Dec 31, 2024 | 6.4M EUR4 Dec 31, 2023 | −3.1% |
| Operating-lease assets (leased space) | 3.3M EUR4 Dec 31, 2024 | 3.3M EUR4 Dec 31, 2023 | −0.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | 22.9M EUR4 Dec 31, 2024 | 29.2M EUR4 Dec 31, 2023 | −21.6% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | 33.1M EUR4 Dec 31, 2024 | 25.0M EUR8 Dec 31, 2023 | +32.1% |
Inventory
Leadership
Who has led Ads-Tec Energy Public Ltd Co, and when. Pick a name to see everywhere that person has worked.
- Chief executive officerThomas Speidel Mar 26, 2026 to now9
- Chief financial officerTorsten Oliver Klee Mar 18, 2026 to now10
Board members and other officers (9)
- Chief Technology OfficerChristoph Ulrich Fehrenbacher Mar 18, 2026 to now11
- Chief Sales OfficerHeinz Nowicki Mar 18, 2026 to now12
- Chief Operations OfficerMichael Rudloff Mar 23, 2026 to now13
- OfficerSebastian Schypulla Mar 30, 2026 to now14
- Board memberSonja Harms Mar 20, 2026 to now15
- Board memberAlwin Epple Mar 23, 2026 to now16
- Board memberJoseph Brancato Mar 23, 2026 to now17
- Board memberThomas Speidel Mar 26, 2026 to now9
- Board memberAndreas Fabritius Mar 31, 2026 to now18
Timeline
- Mar 26, 2026New chief executive Thomas Speidel becomes CEO9
Filings
186 filings to the SEC since October 2021: 6 annual reports, 12 insider forms, 19 large holders, 149 other. The latest 20:
- Sep 30, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Sep 30, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Sep 28, 2026144 EDGAR
- Sep 28, 2026144 EDGAR
- Sep 28, 2026144 EDGAR
- Sep 1, 20266-K CURRENT REPORT EDGAR
- Jul 28, 2026EFFECT EDGAR
- Jul 28, 2026424B3 PROSPECTUS EDGAR
- Jul 28, 2026144 EDGAR
- Jul 28, 2026144 EDGAR
- Jul 28, 2026144 EDGAR
- Jul 21, 2026F-3 REGISTRATION STATEMENT EDGAR
- Jun 4, 2026SCHEDULE 13D/A EDGAR
- May 29, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- May 15, 202620-F ANNUAL REPORT EDGAR
- May 15, 2026SCHEDULE 13G/A EDGAR
- May 12, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- May 12, 2026SCHEDULE 13G/A EDGAR
- May 1, 2026NT 20-F NOTIFICATION OF LATE FILING EDGAR
- Apr 24, 20266-K/A AMENDMENT NO. 1 TO FORM 6-K EDGAR
The 186 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- LUCERNE CAPITAL MANAGEMENT LPSCHEDULE 13D/A, 6 filings Jun 30, 2023 to Jun 4, 202619
- MIRABELLA FINANCIAL SERVICES LLPSCHEDULE 13G/A, 4 filings Feb 13, 2025 to May 15, 202620
- ads-tec Holding GmbHSCHEDULE 13D/A, 3 filings Jan 4, 2022 to Apr 7, 202521
- Swedbank Robur Fonder ABSC 13G/A, 2 filings Feb 11, 2022 to Jan 25, 202422
- Hartree Partners, LPSC 13G/A, 1 filing Feb 14, 202223
- Sculptor Capital LPSC 13G/A, 1 filing Feb 14, 202224
- Robert Bosch GmbHSC 13D/A, 2 filings Dec 30, 2021 to Jan 18, 202225
SEC filer profile
How Ads-Tec Energy Public Ltd Co is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARAds-Tec Energy Public Ltd Co1
- CIK0001879248
- Filer statusNon-accelerated filer an emerging growth company; not a shell company3
- Incorporated inIreland3
- Fiscal year endsDecember 311
- Industry code (SIC)3690 Miscellaneous Electrical Machinery, Equipment & Supplies1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address10 Earlsfort Terrace, Dublin 2, Dublin, Ireland1
- Phone353192010001
- Shares outstanding60,436,227 shares as of Dec 31, 20253
- AuditorBDO AG Wirtschaftsprüfungsgesellschaft, Frankfurt am Main, Germany PCAOB ID 1010; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceSep 7, 20211
- Filings187 in all: 6-K (46), 425 (21), 144 (18), 424B3 (12), 3 (11), CORRESP (11), UPLOAD (10), EFFECT (7)1
All 31 form types
20-F (6), SC 13G/A (5), 6-K/A (4), SCHEDULE 13G/A (4), F-3 (3), F-3/A (3), NT 20-F (3), POS AM (3), F-4/A (2), SC 13D (2), SC 13D/A (2), SC 13G (2), SCHEDULE 13D/A (2), 3/A (1), 424B5 (1), 8-A12B (1), CERT (1), DRS (1), F-1 (1), F-4 (1), S-8 (1), SCHEDULE 13D (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (20-F) May 15, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary Shares, $0.0001 nominal value per share | ADSE | The Nasdaq Stock Market LLC |
| Warrants to purchase Ordinary Shares | ADSEW | The Nasdaq Stock Market LLC |
From the cover page of the 20-F filed May 15, 2026 (Section 12(b) of the Exchange Act).3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12SEC EDGARHeinz Nowicki, Chief Sales Officer
- 13
- 14SEC EDGARSebastian Schypulla, Officer
- 15SEC EDGARSonja Harms, Board member
- 16SEC EDGARAlwin Epple, Board member
- 17SEC EDGARJoseph Brancato, Board member
- 18SEC EDGARAndreas Fabritius, Board member
- 19
- 20
- 21
- 22
- 23
- 24
- 25