---
title: "Mdundo FY2025/26 Revenue Falls, EBITDA Loss Narrows"
description: "Mdundo’s FY2025/26 report shows DKK 8.3m revenue, EBITDA at DKK -1.4m, and DKK 8.8m cash. It targets break-even in FY2027/28."
canonical_url: "https://liners.com/news/mdundo-fy2025-26-revenue-ebitda-guidance"
markdown_url: "https://liners.com/news/mdundo-fy2025-26-revenue-ebitda-guidance.md"
type: "article"
language: "en"
published_at: "2026-09-29T18:56:27.586Z"
updated_at: "2026-09-29T18:56:31.292Z"
---

# Mdundo FY2025/26 Revenue Falls, EBITDA Loss Narrows

Mdundo’s FY2025/26 report shows DKK 8.3m revenue, EBITDA at DKK -1.4m, and DKK 8.8m cash. It targets break-even in FY2027/28.

## Breadcrumbs

- [News](/news)
- [Mdundo FY2025/26 Revenue Falls, EBITDA Loss Narrows](/news/mdundo-fy2025-26-revenue-ebitda-guidance)

## Content

## In Short
- Mdundo reported FY2025/26 revenue of DKK 8.3 million, down 24.5% year on year.
- EBITDA, a profit proxy before interest, tax, depreciation and amortisation (operating profit before some accounting costs), improved 75.3% to DKK -1.4 million.
- Year-end cash was DKK 8.8 million, supported by a May 2026 rights issue.

## What Happened
[Mdundo](/mdundo) published its annual report for the financial year ended 30 June 2026 and said it has started a strategic transition toward paying subscribers as its main non-financial KPI (key performance indicator).

Revenue fell from DKK 11.0 million to DKK 8.3 million. The company said the biggest pressure came from telco subscription billing, meaning customers paying through mobile network operators. Subscription revenue declined 18.5% to DKK 7.1 million. Advertising revenue dropped 51.1% to DKK 1.1 million as the company redirected internal resources toward subscriptions and direct payments.

Mdundo’s gross margin, the share of revenue left after paying music rights and other direct costs, improved to 59.1% from 47.4%. It said this came from updated terms with rights holders from January 2026 and a reversal of prior-year provisions.

Operating expenses were cut 41.8% to DKK 6.2 million. That helped narrow the EBITDA loss to DKK -1.4 million.

The company ended the year with DKK 8.8 million in cash, reflecting DKK 8.0 million in net proceeds from a rights issue completed in May 2026.

## Why It Matters
Mdundo’s update is another signal that African music and audio businesses are trying to reduce reliance on telco billing and ads. Direct card and mobile money payments are becoming more important, but they bring new challenges like pricing, churn, and payment success rates.

Mdundo said mobile money and card payments rose from 2,100 transactions in Q2 to 18,000 in Q4. It also launched native Android and iOS apps in Q4 with in-app purchases, offline downloads, and a premium tier priced at USD 1.99 per month.

For FY2026/27, management guided to revenue of DKK 8.0 to 10.0 million and EBITDA of DKK -1.0 million to break-even. It expects telco subscription revenue to stay under pressure while it works toward EBITDA break-even between Q4 FY2026/27 and Q1 FY2027/28.

## Sources and products

- [via.ritzau.dk](https://via.ritzau.dk/announcement/15188227?publisherId=13560034&lang=en)
- [Mdundo](/mdundo)

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- [Market Trends](/news)

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