Freetrailer Group (FREETR) Q2 25/26 earnings summary

Executive summary

• Transitioning from startup to scale-up phase with a new CEO to drive structured growth and operational optimization.

• Achieved record rentals, expanded to five countries, and strengthened partnerships with major retailers.

• Rental portfolio expanded to 6,381 units, up 22.1% year-over-year, driven by growth in Sweden, Norway, and Germany.

• Focus remains on growth, supported by a strong cash position and scalable tech platform.

• User base surpassed 1 million, with 1,027,501 app users at quarter-end, up 136.3% year-over-year.

Financial highlights

• Net revenue for H1 2025/2026 reached DKK 76.2m (up 23.7% YoY); Q2 net revenue was DKK 34.5m (up 21.5% YoY); full-year 2025 net revenue was DKK 144.1m.

• EBIT for H1 2025/2026 was DKK 14.2m (up 14.9% YoY); Q2 EBIT was DKK 0.9m (down 65.8% YoY); full-year 2025 EBIT was DKK 26.9m.

• Profit after tax for H1 2025/2026 was DKK 9.2m; Q2 profit after tax was DKK -0.47m; full-year 2025 profit after tax was DKK 17.2m.

• Number of rentals in the last 12 months grew 15.2% year-over-year to 1,665,288.

• Cash and cash equivalents at quarter-end and year-end 2025 were DKK 34.7m.

Outlook and guidance

• FY 2026 net revenue guidance set at DKK 163–173m; EBIT guidance for FY 2026 is DKK 20–30m.

• Targeting over 7,500 rental products in the market by summer 2026.

• Guidance will be narrowed by Q2 2026 as new strategy is implemented.

• Continued double-digit growth expected, with increased investment in future growth and business models.