Donkey Republic – Presentation of FY 2025 annual report

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Donkey Republic is expected to release its full-year 2025 annual report on 17 March 2026. On 19 March 2026 at 13:00 CET, CEO Thor Möger Pedersen will present the full-year results and answer questions in a live online event.

In Q3 2025, Donkey Republic delivered total revenue of DKK 55.2 million, an 8% increase year-on-year, while EBITDA grew by 20.7% to DKK 21.2 million,, reflecting the company's continued ability to translate revenue growth into improved profitability. The Q3 results supported the full-year 2025 guidance, which management maintained at revenue of DKK 165–185 million, EBITDA of DKK 22–32 million and EBIT of DKK -5 million to DKK 2 million.

Since the Q3 2025 report, Donkey Republic has announced a series of significant developments. In January 2026, the company confirmed its full-year 2025 guidance, noting that revenue is anticipated to fall within the lower range, while EBITDA and EBIT are expected to be in the mid-to-low range. Alongside this, the company issued its 2026 guidance, projecting revenue of DKK 179–194 million and targeting a break-even EBT result , driven by the planned launch of two major operations in the Ruhr region and Düsseldorf. Together, the two contracts will see more than 8,000 bikes deployed during 2026, representing a significant expansion of the company's German footprint.

To fund the fleet investments required for these new contracts, Donkey Republic carried out a private placement of DKK 75 million in early February 2026 — upsized from an initial target of DKK 15–30 million due to strong investor demand. Alongside the fundraising, the company confirmed it has begun preparations to move from Nasdaq First North Growth Market Copenhagen to the Nasdaq Copenhagen main market during 2026.

In addition to the full-year 2025 financial results, focus at the event is also expected to include the total capex requirement for launching operations in the Ruhr region and Düsseldorf, how the DKK 75 million raised will be deployed alongside expected debt financing, the deployment timeline for the 8,000+ new bikes, progress on the "Ride and Do Well" strategy, and the path toward break-even EBT in 2026.

Disclaimer: HC Andersen Capital receives payment from Donkey Republic for a Digital IR subscription agreement. /Michael Friis, 12.40, 11-03-2026.