VNV Global AB (publ) (“VNV Global” or the “Company”) portfolio company Voi, a leading European micromobility company, today published its second quarter report 2025 that included the following financial highlights:


Voi Financial Highlights Q2 2025

• Net revenue increased by 29% to EUR 46.8 (36.4) million year over year
• Vehicle profit margin increased by 0.8 pp to 60.4% (59.5%) year over year
• Adjusted EBITDA increased by EUR 3.5 million to EUR 10.0 (6.5) million year over year with an Adjusted EBITDA margin of 21.3% (17.9%)
• Adjusted EBIT increased by EUR 0.5 million to EUR 3.5 (3.0) million year over year
• EBIT increased by EUR 0.5 million to EUR 1.4 (1.0) million year over year.

Voi Financial Highlights 12 months ending Q2 2025 (LTM)

• Net revenues of EUR 149.0 million 
• Vehicle profit margin of 58.1%
• Adjusted EBITDA of EUR 24.7 million
• Adjusted EBIT of EUR 3.8 million 
• EBIT of EUR 2.4 million 

The quarter was Voi’s strongest Q2 ever, marked by a 53% year over year increase in rides and a 32% expansion in average fleet size. Voi expects to operate around 150,000 vehicles by year-end, serving millions of riders while continuing to generate healthy cash flows. Voi’s full press release and report is available through the following link.

For further information please contact:

Björn von Sivers, CFO
Telephone: +46 8 545 015 50
Email: bjorn@vnv.global

About Us

VNV Global brings together patient capital and network effect businesses to achieve the scale that drives profitability over the long term. We are opportunistic investors in business models that build strong moats.The common shares of VNV Global are listed on Nasdaq Stockholm, Mid Cap segment, with the ticker VNV. For more information on VNV Global, visit www.vnv.global.

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VNV Global portfolio company Voi Publishes Second Quarter Report 2025

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