GreenMobility: Operational gearing continued to improve in Q3 2025
Summary
- We assess that GreenMobility's Q3 2025 results show continued positive trends with a 14% revenue increase to DKK 41.0 million and a 42% rise in EBITDA to DKK 17.0 million, driven by improved operational efficiency.
- In our view, the company's strong operational gearing is evident as the EBITDA margin improved to 41.5% from 33.2% in Q3 2024, indicating enhanced profitability.
- GreenMobility reiterated its 2025 guidance, expecting revenue growth of 13–15% and EBITDA growth of 32–42% compared to FY2024, suggesting a conservative outlook for Q4 2025 despite strong year-to-date performance.
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This morning, GreenMobility released its trading statement for Q3 2025. The results continued the positive trend from the first half of the year, with solid revenue growth and further improvements in EBITDA, driven by higher efficiency and operational gearing.
Read the full announcement here: https://www.inderes.dk/releases/greenmobility-trading-update-23percent-revenue-growth-and-60percent-ebitda-improvement-in-the-first-nine-months-of-2025
For the first nine months of 2025, revenue grew 23% to DKK 115.2 million, while EBITDA increased 60% to DKK 41.1 million.
In Q3 2025 alone, revenue grew 14% to DKK 41.0 million, and EBITDA rose 42% to DKK 17.0 million. Q3 2025 was the first fully comparable quarter, as all cars had been relocated to the Danish market by the end of H2 2024. The quarter again demonstrated strong operational gearing, with higher revenue translating into improved profitability. The EBITDA margin rose to 41.5%, compared to 33.2% in Q3 2024.
GreenMobility reiterated its 2025 guidance. Revenue is expected to grow by 13–15%, and EBITDA by 32–42% compared to FY2024—growth rates that are below what was achieved in the first nine months of the year.
The low/high end of the guidance implies a potential revenue decline of 6–14% and an EBITDA decline of 4–40% in Q4 2025 alone. This suggests that management may be taking a conservative approach, awaiting further data to confirm that the strong momentum will continue into Q4.
GreenMobility's CEO Kasper Gjested will present the results and answer questions from the audience on Friday, 10 October 2025 at 13:00.
Sign up and ask your questions here: https://www.inderes.dk/videos/greenmobility-presentation-of-q3-2025-trading-statement
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. /Michael Friis at 10:30 , 9 October 2025.
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