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Analyst Comment

GreenMobility: Confirms strong performance in the full H1 report

GreenMobility

This morning, GreenMobility released its financial report for the first half of 2025. The results were in line with the preliminary figures released in July in connection with the guidance upgrade for 2025. Revenue grew by 29%, and EBITDA increased by 76%, driven by a significant rise in revenue combined with stable personnel costs. Net profit was positive at DKK 5.9 million.

Cash flow from operations improved to DKK 19.5 million (up from DKK 4 million in H1 2024). With financing and leasing payments totaling DKK 20.8 million in the first half of the year, the company had a small cash outflow of DKK -1.3 million. This includes approx. DKK 5.8m in payment of loans. At the end of H1 2025, the cash position stood at DKK 8.3 million.

In the first half of the year, GreenMobility achieved all-time highs in customer numbers, revenue, and earnings. The results are built on GreenMobility's strategic focus on the Danish market with a disciplined cost management and data-driven marketing efforts.

The company maintains its upgraded 2025 guidance from July, expecting revenue and EBITDA growth for the full year of 10–13% and 25–40%, respectively. It should be noted that GreenMobility’s H2 will not benefit for the relocation of cars from foreign markets to the Danish markets, however, the current guidance indicates flattish topline growth for the second half of 2025, with slight growth in EBITDA.

Read and download the full report here: https://www.inderes.dk/releases/greenmobility-as-h1-2025-29percent-revenue-growth-ebitda-up-76percent-net-profit-of-dkk-59-million

GreenMobility's CEO Kasper Gjested will present the results and answer questions from the audience on Tuesday, 19 August 2025 at 13:30. Sign up and ask your questions here: https://www.inderes.dk/videos/greenmobility-presentation-of-h1-interim-report-2025

Disclaimer: HC Andersen Capital receives payment for a Digital IR subscription agreement. CEO of HC Andersen Capital, Tue Østergaard, owns shares and is the Chairman of the Board of GreenMobility. /Kasper Lihn at 10:40 (updated 11:00), 14 August 2025.

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GreenMobility is a Danish company in the Mobility-as-a-Service space. GreenMobility operates a free-floating carsharing business of more than 1,000 electric vehicles across larger cities in Europe, aspiring to grow this number to around 10,000 in 2025. More than 100,000 people have signed up on the service, and users have access to the GreenMobility cars through the GreenMobility app. With thousands of daily trips, GreenMobility helps reduce congestion in cities with a climate impact. GreenMobility is listed at OMXC Small Cap in Denmark. The share was transferred to the Nasdaq Main Market in December 2020 from Nasdaq First North.

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