Mdundo.com (MDUNDO) Q1 26/27 earnings summary

Executive summary

• Q1 priorities: grow direct subscribers, improve native-app engagement, target diaspora and higher-income African users, and pursue new telco formats.

• EBITDA break-even remains targeted within 12–18 months of the May 2026 rights issue.

Financial highlights

• Telco subscription payments were 5.7m, down 17% QoQ from 6.9m in Q4 FY 2025/26.

• Music subscription payments via mobile money and card rose 25% QoQ to ~9.3k; total mobile money and card payments fell to ~12.7k from 18k as game payments declined.

• FY 2026/27 revenue guidance remains DKK 8.0–10.0m; EBITDA DKK -1.0m to 0.0m; year-end cash DKK 6.5–7.5m.

Outlook and guidance

• FY 2026/27 guidance unchanged: revenue DKK 8.0–10.0m, EBITDA DKK -1.0m to 0.0m, and year-end cash DKK 6.5–7.5m.

• A microapp within a leading telco’s native app is expected to launch in Q2; discussions on data and music bundles continue with several telcos.