According to reports, Pierer Mobility AG, the parent company of KTM AG, has postponed its 2024 annual financial report due to severe financial difficulties, including an anticipated loss of nearly €1.2 billion!

The company reported a 29% decline in sales to €1.879 billion and a net debt of €1.643 billion, with equity falling to negative €199 million. To continue operations, Pierer Mobility must secure approximately €600 million in new capital by May 23, 2025. While Indian partner Bajaj contributed €150 million to restart production after a three-month shutdown, supply chain issues have led to another halt in production, with employees' hours reduced and operations not expected to resume until July 27. ​The company has again laid off their entire Austrian factory workforce because they can't get parts to build bikes.

Amazingly, with a huge debt load, an entire workforce laid off and suppliers who refuse to produce parts until paid in advance KTM is 100% committed to racing in general, and MotoGP racing specifically.

The future of the company remains deeply uncertain, hinging on the success of investment efforts and the ability to stabilize operations.