Annual financial report 2024
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EQS-Ad-hoc: fox e-mobility AG / Key word(s): Annual Report Annual Financial Report 2024
The Company's Management Board announces: Annual Financial Report 2024 The annual financial statements as of December 31, 2024 were approved by the Supervisory Board on August 1, 2025. The Annual Financial Report 2024 (annual financial statements, management report 2024, supplementary report up to July 30, 2025) will be published today on the Company's website (https://fox-em.com/financial-reports/). Following the final audit, the Company will publish the audited financial statements till October 30, 2025. The key figures of the financial report as of December 31, 2024, are: fox e-mobility AG did not generate any revenue from vehicle sales in the 2024 fiscal year, as the company is still in the development phase. Due to the extraordinary write-down of the stake value of Fox Automotive Switerzland AG in the amount of EUR 67,057,000, the company recorded an annual loss of EUR 68,028,000 for the fiscal year. Equity amounts to EUR 16,000 as of December 31, 2024. Liabilities amount to EUR 6,266,000. Provisions amount to EUR 757,000. Cash Capital Increase The company has resolved a cash capital increase with subscription rights from Authorized Capital 2021/I in the amount of up to EUR 7,328,930. Shareholders are to be granted subscription rights to new registered no-par value shares with full voting rights and dividend entitlement at a ratio of 1:10, at the statutory minimum subscription price of EUR 1.00. Most of the gross proceeds (80%) are intended for the development of the prototype. The subscription offering with a stock market information prospectus (WIB: Wertpapierinformationsblatt) will be published in August 2025. Reduction of Liabilities In July 2025, the company achieved a comprehensive reduction in liabilities to financial creditors amounting to approximately EUR 4,000,000, of which EUR 2,429,000 was achieved through debt restructuring agreements with a debt-equity swap. Furthermore, trade payables amounting to approximately EUR 1,600,000 were restructured long-term. The debt-equity swaps are scheduled to take place in 2025, but after the cash capital increase. New Strategic Direction The Supervisory Board has approved the following strategic realignment of the Group. Subject to a successful capital increase, the first part of the development phase (3-month strategy phase) will be internalized as of November 1, 2025, in a cost-saving manner. A core team of project engineers familiar with the MIA project will be employed for this purpose. The Management Board will also be strengthened by a member(s) of this team in November/December 2025. The second part of the development phase, up to the construction of a prototype (Q3 2026), will be managed by this team in connection with the external engineering service provider. Till the construction of prototypes, the company will be looking for a partner to take charge of series production and control. End of Inside Information
01-Aug-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | fox e-mobility AG |
| Königsallee 61 | |
| 40215 Düsseldorf | |
| Germany | |
| Internet: | www.fox-em.com |
| ISIN: | DE000A40ZV71 |
| WKN: | A40ZV7 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg |
| EQS News ID: | 2178562 |
| End of Announcement | EQS News Service |
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2178562 01-Aug-2025 CET/CEST
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