Donkey Republic adjusts the financial guidance for 2025
Company announcement no. 12-2025
Contains inside information
Following improved visibility into the remainder of the year, Donkey Republic is revising its full-year 2025 EBITDA and EBIT guidance downward. The company expects to achieve revenue in the lower half of its original guidance range.
Updated 2025 Financial Guidance
(published on 14 July 2025)
| Revised Guidance 2025 | Original Guidance 2025 (published on 16 January 2025) |
|
| Revenue | DKK 165M to 185M | DKK 165M to DKK 185M |
| EBITDA | DKK 22 M to 32M | DKK 27M to DKK 37M |
| EBIT | DKK (5M) to DKK 2M | DKK 1M to DKK 6M |
The primary reason for the downward revision of the EBITDA and EBIT guidance is the delayed deployment of bikes in new cities and a reduced number of licenses in the Netherlands, which deviate from the original guidance assumptions published 16 January 2025.
While bikes from Rotterdam and Amsterdam are redeployed in other cities, this is not expected to fully offset the negative margin impacts in 2025 caused by reduced licenses.
Prolonged tender processes for several new strategic city contracts mean that Donkey Republic will not achieve its planned deployment of bikes in the second half of 2025. The company’s cost base has been structured to support the execution of these delayed contracts, which is adversely affecting the 2025 EBITDA and EBIT.
Despite delays, the outlook for securing the new strategic city contracts remains positive. As such, the company has chosen to retain the capabilities and associated cost base necessary for expansion to new cities.
Increased clarity on the timeline for new city contracts is expected during Q3 2025.
Forward-looking statements
Statements about the future reflect Donkey Republic’s current expectations for future events and financial results. The nature of these statements is affected by risk and uncertainties. Therefore, the company’s actual results may differ from the expectations expressed in this company announcement.