GoCollective reports mixed Q2 2025 results amid strategic progress

GoCollective’s Q2 2025 financial report shows a mixed performance, with EBITDA operating at €(3.7) million for the quarter, largely due to high maintenance costs in Rail and expiring Bus contracts. While Bus revenue was higher than expected due to extra traffic, overall revenue decreased from the run-off of existing contracts, though strong cost control mitigated the impact. UCplus continued its growth trajectory, boosted by new locations, but faced setbacks including a lost tender and slower-than-expected student readiness at new centers.

The Rail division's revenue remained in line with the previous year, but punctuality challenges and infrastructure issues led to increased costs for replacement services and unplanned axle repairs, contributing to elevated maintenance expenses. Despite these operational hurdles, GoCollective achieved important financial milestones, including a €10 million bond extension and the closing of the first financing tranche for the A22 contract. Extraordinary costs were significantly reduced following the completion of major transformation projects, including the new ERP system.

The company also saw encouraging HR developments, with improvements in both sickness and overtime rates, indicating a more stable staffing situation. Looking ahead, the Danish minister for transport announced intentions to negotiate on the future rail contract, presenting potential future opportunities for GoCollective.