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DonkeyRepublic Holding (DONKEY) investor relations material
DonkeyRepublic Holding Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue rose 10.9% to DKK 61.3M and EBITDA increased 8.9% to DKK 23.1M despite less favourable weather; German system roll-outs were the main growth driver.
For Q2–Q3, revenue grew 14.6% to DKK 119.0M and EBITDA margin improved to 37.6% from 31.4%, combining growth with stronger high-season profitability.
Full-year 2026 guidance was confirmed at DKK 184M–194M revenue, DKK 38M–45M EBITDA and DKK 4M–9M EBIT.
Financial highlights
Q3 revenue was DKK 61.3M vs DKK 55.2M in Q3 2025; EBITDA was DKK 23.1M vs DKK 21.2M.
YTD revenue increased 13.6% to DKK 147.9M; EBITDA rose 65.3% to DKK 43.4M vs DKK 26.3M.
Q2–Q3 revenue reached DKK 119.0M, up 14.6%; EBITDA increased 37.2% to DKK 44.7M from DKK 32.6M.
Outlook and guidance
FY 2026 guidance confirmed: revenue DKK 184M–194M, EBITDA DKK 38M–45M and EBIT DKK 4M–9M.
Full Ruhr fleet operation remains expected by year-end 2026; 95% was operational as of the report date.
2027 is expected to benefit from the full-year effect of 2026 growth initiatives, including German systems and lower financing costs.
Potential Nasdaq Copenhagen Main Market uplisting preparations are on plan; a final decision is pending, and estimated one-off costs of ~DKK 5M are excluded from guidance.
- Q2 revenue nearly doubled as MaaS growth kept the EUR 9m–10m FY target in view.DONKEY
H1 2022 - Revenue rose 84% as rider growth supported the €9–10m FY22 target.DONKEY
Q1 2022 - Revenue rose 125% YoY as strategy shifted toward sustainable margins and positive 2024 EBT.DONKEY
Q1 2023 - Record Q3 revenue and 11M DKK EBITDA drove higher FY2023 guidance.DONKEY
Q3 2023 - Revenue rose 19%; guidance held and an April placement raised DKK 22.4M.DONKEY
Q1 2024 - Record Q3 revenue and stronger EBITDA, alongside narrower FY2024 guidance.DONKEY
Q3 2024 - Revenue grew 28% YoY as EBITDA improved; FY2025 guidance was reaffirmed.DONKEY
Q1 2025 - Q3 EBITDA grew 20.7% as a new roadmap targets 2026 break-even EBT.DONKEY
Q3 2025 - Revenue grew despite winter headwinds as EBITDA improved 80.2% YoY.DONKEY
Q1 2026
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