German firms pferdewetten.de AG and Deutsche Payment A1M SE project 2025 losses

pferdewetten.de AG said that special effects will push its 2025 EBITDA into negative territory, estimating a loss of between €3.5 million and €3.8 million. The company cited one‑off bond‑restructuring gains of about €3.4 million and expects a positive operating EBITDA of roughly €3 million in the first half of 2026.

Deutsche Payment A1M SE is likely to receive a qualified audit for its 2025 accounts because the auditor could not confirm a viable going‑concern assumption. The firm reported a provisional loss of about €1.2 million, revenue of roughly €50 thousand, and an EBITDA of €‑530 thousand. Financing remains uncertain after a failed capital increase, and several balance‑sheet items are under heightened scrutiny.

Both companies are German and face a markedly weaker financial outlook for 2025, highlighting the impact of special items and financing challenges on their earnings.