GreenMobility (GREENM) H1 2026 earnings summary

Executive summary

• Revenue grew 4% year-over-year in H1 2026, reaching DKK 77.2 million, but was below expectations due to fleet delays and local disruptions.

• EBITDA increased 19% year-over-year to DKK 28.8 million, reflecting operational efficiencies and cost management.

• Net profit for the period more than doubled, up 112% to DKK 12.5 million compared to H1 2025.

• Free cash flow improved to DKK 7 million from DKK 4.5 million in H1 2025.

• The company remains cash flow positive and continues to invest in customer experience and fleet expansion.

Financial highlights

• H1 2026 revenue: DKK 77.2 million (up 4% YoY); EBITDA: DKK 28.8 million (up 19% YoY); net profit: DKK 12.5 million (up 112% YoY).

• EBITDA margin improved to 37.3% from 32.5% in H1 2025.

• Operating profit for H1 2026 was DKK 14.9 million, up from DKK 10.1 million in H1 2025.

• Cash position at DKK 13.7 million, down DKK 2.8 million mainly due to share buybacks.

• Equity ratio increased to 27% from 22%, exceeding the 20% target.

Outlook and guidance

• FY2026 revenue growth guidance revised down to 5-9% (from 8-12%) due to supply chain delays, platform migration, local road closures, and increased taxi competition.

• EBITDA growth guidance for FY2026 remains unchanged at 12-16%.

• Strategic focus remains on Denmark, with average annual revenue growth target of 8-12% and EBITDA growth of 12-16% through 2028.

• New features and a modernized app interface expected in H2 2026, likely Q3.

• Cash flow remains positive, supporting ongoing investments.