Movinn (MOVINN) investor relations material

Executive summary

• 2025 was a challenging year with earnings below expectations, especially in the first half, due to underperformance in secondary markets and a strategic exit from Odense announced for 2026.

• The company shifted focus to fewer, larger cities, prioritizing Copenhagen and Malmö for scale and profitability, and began scaling down in Aarhus.

• Operational improvements and cost controls were implemented, with a more focused and scalable business model emerging by year-end.

• A major supplier agreement was signed in Sweden to stimulate demand, and Hotel TwentySix in Malmö reached standalone operational targets.

• The upcoming Copenhagen aparthotel, opening May 2027, is a key strategic project for future growth.

Financial highlights

• Net revenue grew 3.1% year-over-year to DKK 92.3 million in 2025.

• EBITDA was negative at DKK -1.6 million, down from DKK 1.3 million in 2024, impacted by DKK 0.7 million in one-off costs related to portfolio downscaling.

• EBIT margin declined to -6.7% from -4.8% year-over-year.

• Net loss for the year was DKK -7.4 million, compared to DKK -4.5 million in 2024.

• Cash flow from operating activities improved to DKK -0.2 million from DKK -2.1 million in 2024; closing cash balance was DKK -3.4 million, with DKK 6.6 million in available liquidity.

• Equity ratio decreased to 21.2% from 33.0% year-over-year.

• Share price fell 62.4% to DKK 1.28 at year-end, reducing market cap to DKK 21.4 million.

Outlook and guidance

• 2026 is expected to be a transition year with lower revenue (DKK 86–89 million) but improved margins and earnings.

• Significant positive earnings are not expected in 2026, but results should improve as portfolio adjustments take effect.

• Focus remains on execution in core markets and preparing for the Copenhagen aparthotel launch in 2027.