Mdundo.com (MDUNDO) Q4 25/26 earnings summary

Executive summary

• Strategic transition focused on shifting from advertising/telco billing to direct subscriber monetization via native apps, mobile money, and card payments.

• Rights issue in May 2026 raised DKK 9.1 million, mainly for product development and direct payment channels.

• Targeting EBITDA break-even within 12–18 months post-rights issue.

Financial highlights

• Revenue declined 24.5% year-over-year to DKK 8.3 million, mainly due to telco billing inefficiencies.

• Gross margin improved to 59.1% from 47.4% last year, driven by new rights holder terms.

• EBITDA loss reduced by 75.3% to DKK -1.4 million from DKK -5.5 million.

• Net loss for the year was DKK -3.8 million, improved from DKK -8.7 million.

• Cash and cash equivalents at year-end were DKK 8.8 million, up from DKK 4.7 million.

Outlook and guidance

• FY 2026/27 revenue expected at DKK 8.0–10.0 million.

• EBITDA guidance: DKK -1.0 to 0.0 million, aiming for break-even.

• Cash position projected at DKK 6.5–7.5 million by end of FY 2026/27.

• Focus on growing direct subscribers, improving ARPU, and new telco partnerships.