GreenMobility (GREENM) H2 2025 earnings summary

Executive summary

• Achieved 20% revenue growth and 57% EBITDA growth year-over-year, surpassing guidance and driven by higher trip volumes and disciplined cost control.

• Improved profitability with profit from continuing operations up DKK 24.7M year-over-year.

• Operational efficiency improved, with cost of customer acquisition declining and tight cost management.

• Strengthened balance sheet with equity ratio rising to 22% and cash position up by DKK 7M.

• Focus shifted to the Danish market, with international operations discontinued to concentrate on core growth opportunities.

Financial highlights

• Revenue reached DKK 153.9M in 2025, up 20% year-over-year and exceeding the 17–19% guidance.

• EBITDA grew to DKK 54.0M, a 57% increase year-over-year, above the 47–52% guidance.

• EBIT improved to DKK 26.2M, up 146% from the previous year.

• Loan and lease liabilities decreased by 18% and 30% respectively; net book value of cars down 20%.

• Cash flow from operations increased by DKK 6.7M to DKK 45.5M; cash position rose by DKK 7M to DKK 6.5M.

Outlook and guidance

• 2026 guidance targets 8–12% revenue growth and 12–16% EBITDA growth versus 2025, with long-term targets through 2028.

• Guidance maintained despite macroeconomic uncertainty, with management expressing confidence in targets.

• Preparing for autonomous driving introduction in Denmark.