DonkeyRepublic Holding (DONKEY) Q1 2026 earnings summary

Executive summary

• Q1 revenue rose 9.9% YoY to DKK 29.0m despite harsh Nordic winter weather and fewer riders and trips; EBITDA improved 80.2% YoY to DKK -1.2m.

• Cost measures implemented in Q3–Q4 2025 supported stable cost levels, higher operational efficiency and improved profitability.

Financial highlights

• Total revenue was DKK 29.0m, up 9.9% YoY; growth reflected fleet expansion and modest improvement in revenue per trip and per rider.

• EBITDA was DKK -1.2m, an 80.2% YoY improvement; cost levels remained stable YoY despite revenue growth.

• Revenue and EBITDA figures are unaudited.

Outlook and guidance

• FY 2026 guidance was confirmed: revenue DKK 179m–194m, EBITDA DKK 34m–45m and EBIT DKK 1m–9m.

• The Ruhr region system launched on 1 April 2026; Düsseldorf rollout preparations continued, including fleet allocation and operational setup.

• Pipeline includes more than 10 opportunities in application preparation for over 30,000 bikes; 3 applications in process cover 7,500–10,000 bikes.

• Two final awards covering 8,300 bikes are pending rollout; fleet rollout typically begins 3–12 months after contract signing.