Mdundo.com (MDUNDO) Q4 24/25 earnings summary

Executive summary

• Achieved 40.5 million monthly active users by June 2025, meeting growth targets despite macroeconomic headwinds and billing challenges with telecom partners.

• Focused on expanding subscription business, diversifying payment channels, and maintaining strict cost discipline.

• Strategic partnerships and product innovation, including a Progressive Web App for diaspora markets, supported user and revenue growth.

Financial highlights

• Revenue was DKK 11.0 million, down 8% year-over-year due to telecom billing issues and weaker ad markets.

• EBITDA improved to DKK -5.5 million from DKK -6.4 million, including a DKK 0.4 million one-off provision.

• Cash and cash equivalents at year-end were DKK 5.5 million, down from DKK 11.1 million.

• Subscription revenue grew 18% year-over-year to DKK 8.7 million, while advertising revenue declined 51% to DKK 2.2 million.

Outlook and guidance

• FY 2025/26 revenue guidance is DKK 12-15 million, with EBITDA expected to improve to DKK -2 to -3 million.

• Cash position projected at DKK 1-2 million by end of FY 2025/26.

• Management prioritizes resolving telco billing, diversifying payments, and tight cost control.