MapsPeople A/S | Quarterly Report

Company Announcement No. 11 - 2025

Aalborg, May 21, 2025

Q1 2025 Financial Highlights

• ARR grew to tDKK 59.786 which is a YoY growth of 12% compared to Q1-2024 (tDKK 52.845). The QoQ growth was 3% from Q4 2024 (tDKK 58.155).
• Revenue grew 4% YoY and was tDKK 15.048 in Q1 2025, compared to tDKK 14.473 in Q1 2024. 
• EBITDA before special items for Q1 2025 was negative tDKK 6.953 compared to negative tDKK 8.532 in Q1 2024, delivering a 19% improvement YoY.
   

Business Summary
MapsPeople continues to improve its financial performance in terms of revenue growth, cost optimization and cash flow in Q1 even though at a slower pace. We mainly subscribe this to the short term uncertainty in relation to the general global turmoil around trade wars, which entails a general caution of signing new contracts.  

The ARR was improved compared to Q4 2024. In Q1-2025 new business amounted to tDKK 3.670, tDKK 1.475 with new partners and customers, and tDKK 2.194 as upsell to existing partners and customers.

NRR for the quarter was at 105% compared to 103% last quarter. 

Recognised revenue grew 4% from Q1 2024 to Q1 2025 but is lower than Q4 2024 which was affected by one off revenues.

EBITDA before special items ended negative with tDKK 6.953 compared to negative tDKK 8.532 in Q1 2024 and negative tDKK 6.560 in Q4 2024. This is a 19% improvement YoY.  

Management Presentations
Management presentation of the Q1 2025 Financial report will be hosted and moderated by HCA Capital on Wednesday May 21st at 14:00 CET. There will be an opportunity to ask questions to management. Sign up for this event at: https://www.inderes.dk/videos/mapspeople-presentation-of-q1-2025-report.  

For additional information, please contact

MapsPeople A/S

Morten Brøgger, CEO 

Mobile (+45) 31 23 48 72 

Email mobr@mapspeople.com  

Stigsborgvej 60, 9400 Nørresundby

Denmark

Certified Advisor

Grant Thornton

Jesper Vestergaard 

Lautrupsgade 11

2100 Copenhagen Ø

Denmark

IMPORTANT INFORMATION

This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by MapsPeople in any jurisdiction where such offer or sale would be unlawful and the announcement and the information contained herein are not for distribution or release, directly or indirectly, in or into such jurisdictions, including but not limited to, the United States, Australia, Canada or Japan.

This announcement does not constitute an offering circular, company description or other offer document and nothing herein contains an offering of securities. No one should purchase or subscribe for any securities in MapsPeople except as described in this company announcement.

Neither the existing shares of MapsPeople (the "Existing Shares") nor the New Shares have been, or will be, registered under the United States Securities Act of 1933, as amended ("Securities Act"). Neither the Existing Shares nor the New Shares may be offered or sold, directly or indirectly, in or into the United States or to persons residing there. Moreover, the Private Placement is not made to persons resident in Australia, Hong Kong, Japan, Canada, New Zealand, South Africa, Switzerland, or Singapore or to persons whose participation would require the publication of a prospectus, registration or other measures.

Certain statements in this announcement constitute forward-looking statements. Forward-looking statements are statements (other than statements of historical fact) relating to future events and the Company's anticipated or planned financial and operational performance. The words "targets", "believes", "expects", "aims", "intends", "plans", "seeks", "will", "may", "might", "anticipates", "would", "could", "should", "continues", "estimates" or similar expressions or the negative forms thereof, identify certain of these forward-looking statements. Other forward-looking statements can be identified in the context in which the statements are made. MapsPeople has based these forward-looking statements on its current views with respect to future events and financial performance. By their nature, forward-looking statements are based on certain assumptions and projections on future events and financial performance, which involve a number of risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. Actual results are likely to differ from those set forth in the forward-looking statements. Any forward-looking statements speak only as at the date of this document and neither the Company nor any of its respective affiliates, directors, officers, employees, advisors, or any other person is under any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not and may not rely on these forward-looking statements.

Source: MapsPeople

Tag: MapsPeople-Company-Announcements