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Press release

VNV Global portfolio company Voi Publishes Third Quarter Report 2025

VNV Global

VNV Global AB (publ) (“VNV Global” or the “Company”) portfolio company Voi, a leading European micromobility company, today published its third quarter report 2025 that included the following financial highlights:

Voi Financial Highlights Q3 2025

  • Net revenue increased by 34% to EUR 57.5 (43.0) million year over year
  • Vehicle profit margin remained stable at 62.9% (63.1%) 
  • Adjusted EBITDA increased by EUR 3.6 million to EUR 16.4 (12.8) million year over year with an Adjusted EBITDA margin of 28.4% (29.7%)
  • Adjusted EBIT increased by EUR 1.0 million to EUR 9.4 (8.4) million year over year 
  • EBIT increased by EUR 0.7 million to EUR 8.1 (7.4) million year over year.

Voi Financial Highlights 12 months ending Q3 2025 (LTM)

  • Net revenues of EUR 163.5 million 
  • Vehicle profit margin of 58.5%
  • Adjusted EBITDA of EUR 28.3 million
  • Adjusted EBIT of EUR 4.8 million 
  • EBIT of EUR 3.1 million

During the quarter, Voi’s cash flow from operating activities grew 67% year over year, reaching an all–time high of EUR 19.8 million. Voi’s full press release and report is available through the following link.

For further information please contact:


Björn von Sivers, CFO
Telephone: +46 8 545 015 50
Email: bjorn@vnv.global

About Us


VNV Global brings together patient capital and network effect businesses to achieve the scale that drives profitability over the long term. We are opportunistic investors in business models that build strong moats. The common shares of VNV Global are listed on Nasdaq Stockholm, Mid Cap segment, with the ticker VNV. For more information on VNV Global, visit www.vnv.global.

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VNV Global portfolio company Voi Publishes Third Quarter Report 2025

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