GreenMobility (GREENM) Q3 2026 TU earnings summary

Executive summary

• Q3 revenue rose 9% YoY to DKK 44.547m and EBITDA increased 12% to DKK 18.985m; 9M revenue grew 6% and EBITDA 16%.

• Strategy combines profitable Danish car sharing with an AV pivot, leveraging fleet operations, customer data and municipal relationships; the all-electric fleet totals ~1,600 vehicles.

Financial highlights

• Q3 2026 revenue was DKK 44.547m vs. DKK 40.992m in Q3 2025, up 9% YoY; EBITDA was DKK 18.985m vs. DKK 17.024m, up 12%.

• 9M 2026 revenue was DKK 121.743m vs. DKK 115.163m, up 6%; EBITDA was DKK 47.756m vs. DKK 41.101m, up 16%.

• New vehicle deliveries supported a Q3 demand pickup; management described the quarter as satisfactory and cited continued operational efficiency.

Outlook and guidance

• FY2026 guidance maintained: revenue growth of 5–9% and EBITDA growth of 12–16% vs. FY2025; 9M growth was on track, with EBITDA at the top end.

• Through 2028, targeted average annual growth is 8–12%, excluding AV; Denmark remains the core focus.

• First AV revenue is hoped for in 2027, contingent on local safety documentation and regulatory approval; a WeRide partnership targets first L4 deployments in 2027.