Movinn (MOVINN) Q3 2025 earnings summary

Executive summary

• Q3 2025 showed improved EBITDA, EBIT, and net profit, with a strategic focus on profitability, core business optimization, and operational performance, especially in Copenhagen and Malmö.

• Results aligned with expectations after a challenging start, with strong cash flow and margin improvements.

• Strategic focus on core markets and downscaling in secondary locations to enhance profitability and reduce occupancy risks.

• Partnership with Swiss Life Asset Managers for the Copenhagen aparthotel project validates the business model.

Financial highlights

• Revenue increased 7.1% year-over-year to DKK 25.6 million, with EBITDA up 17% to DKK 1.6 million and EBIT improving from a loss to a profit of DKK 316,000.

• Profit for the period was DKK 25,000, up from a loss of DKK 309,000 in Q3 2024.

• Operating cash flow rose to DKK 3.1 million, a 239.8% increase year-over-year.

• Closing cash balance was DKK -0.95 million, reflecting non-utilization of the DKK 10 million credit facility.

• Interest expenses increased by DKK 174,000 in Q3, but overall cash position strengthened by DKK 3.2 million year-over-year.

Outlook and guidance

• Full-year 2025 guidance maintained: revenue DKK 91–93 million, EBITDA DKK 0–2 million, EBIT DKK -5 to -3 million.

• Optimism for continued improvement into 2026, with focus on profitability and a more balanced portfolio.

• Future growth focus on apartment hotels, with co-living segment stable but not targeted for expansion.