Fox e-mobility AG Announces Annual Financial Report and Capital Reorganization

fox e-mobility AG has released its Annual Financial Report for 2023, approved by the Supervisory Board on July 28, 2025. The report highlights that the company did not generate vehicle sales revenue during 2023, remaining in the development phase. However, it achieved a net profit of €0.4 million, thanks to cost-cutting and an extraordinary gain. Equity stood at €68 million, while liabilities were €5.8 million.

The company is also implementing a capital reduction to €732,893, including the automatic conversion of shares at a 100:1 ratio, effective August 4, 2025. Shareholders with non-divisible shares can choose to purchase or surrender fractional shares. The trading suspension will lift shortly post-conversion.