Freetrailer Group (FREETR) Q4 25/26 earnings summary

Executive summary

• Net revenue for the period 1 July to 31 December 2025 grew 23.7% year-over-year to DKK 76.2m, driven by increased rental activity and portfolio expansion across all markets.

• EBIT rose 14.9% to DKK 14.2m, with an EBIT margin of 18.6%, reflecting ongoing expansion and investments in new markets.

• The number of rentals in the last 12 months reached 1,665,288, up 15.2% year-over-year, with strong growth in Sweden, Norway, Germany, and the Netherlands.

• App users surpassed 1 million, growing 136.3% year-over-year, and the partner network expanded by 52% to 276 partners.

Financial highlights

• EBITDA more than doubled to DKK 30.2m, up 110.3% from the prior year.

• Profit before tax declined 4.0% to DKK 12.4m, and profit after tax was DKK 9.2m, down 6.3% year-over-year.

• Earnings per share (EPS) was DKK 0.97, compared to DKK 1.03 last year.

• Equity increased 9.1% to DKK 56.9m, while the equity ratio decreased to 39.4% due to changes in lease accounting and share buy-backs.

• Cash and cash equivalents stood at DKK 34.7m at year-end.

Outlook and guidance

• Guidance for 2026: Net revenue of DKK 163–173m and EBIT of DKK 20–30m.

• Targeting over 7,500 rental products in the market by summer 2026, with continued double-digit growth expected.

• Ongoing investments in sustainable solutions, including the launch of an electric cargo bike in spring 2026.