GreenMobility (GREENM) Q1 2026 TU earnings summary

Executive summary

• Revenue grew 8% year-over-year in Q1 2026, reaching DKK 35.5 million, despite seasonally low demand and harsh winter conditions.

• EBITDA increased by 60% year-over-year to DKK 11.0 million, with margin rising to 31.0%, driven by operational excellence and cost control.

• Launched a new app and rolled out smoke/vaping detectors across the fleet, improving customer experience and operational efficiency.

• Continued digitalization of the fleet with AI-enabled cameras, sensors, and detectors, enhancing efficiency and safety.

• The first of 185 new electric vehicles were added to the fleet, with full deployment expected in Q2 2026.

Financial highlights

• Q1 2026 revenue grew 8% year-over-year to DKK 35.5 million, with no fleet expansion during the quarter.

• EBITDA rose from DKK 6.9 million to DKK 11.0 million year-over-year, with margin improving from 21.1% to 31.0%.

• 2025 full-year revenue grew 20% and EBITDA grew 57% year-over-year.

Outlook and guidance

• Maintains 2026 guidance: 8%-12% revenue growth and 12%-16% EBITDA growth over 2025.

• Q1 2026 results are in line with full-year guidance.

• No guidance upgrade yet due to macroeconomic uncertainties and early stage of the year.