GreenMobility (GREENM) Q2 2025 TU earnings summary

Executive summary

• Achieved 29% revenue growth and 76% EBITDA growth in H1 2025 compared to H1 2024, reaching all-time highs and reflecting successful strategic focus on the Danish market and operational streamlining.

• Share price increased approximately 65% year-to-date, indicating strong market confidence.

• Transitioned from international expansion to a Denmark-focused strategy, leading to operational turnaround and profitability.

• Focuses on sustainable, on-demand urban mobility with a free-floating fleet of electric vehicles, aiming to reduce private car ownership and lower emissions.

• Raised the lower end of full-year revenue and EBITDA growth guidance.

Financial highlights

• H1 2025 revenue reached DKK 74.2 million, up 29.3% year-over-year; EBITDA was DKK 24.1 million, a 76.4% improvement.

• Q2 2025 revenue was DKK 41.4 million (+24% year-over-year); EBITDA was DKK 17.2 million (+73.5% year-over-year).

• EBITDA margin improved to 32.5% in H1 2025 (from 23.8% in H1 2024); Q2 2025 margin reached 41.5%.

• FY2024 revenue was DKK 129.5 million; FY2024 EBITDA was DKK 35.8 million.

• Increased lower end of 2024 guidance for both revenue and EBITDA.

Outlook and guidance

• Full-year 2025 revenue growth guidance raised to 10-13%; EBITDA growth guidance increased to 25-40%.

• Guidance reflects a cautious approach due to potential short-term risks from new market entrants and seasonality.

• Operational priorities: maintain Denmark as a profitable market and strengthen sustainable growth.

• No plans for international expansion; focus remains on Denmark.

• Anticipates more moderate demand for the remainder of the year due to seasonality.