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Mdundo is a leading music service for Africa with millions of people streaming and downloading music from our app and website every month. We aim to provide Africa’s millions of internet users with easy access to music whilst contributing structure, legality, and income to the sector.
Mdundo.com’s (“Mdundo” or the “Company”) announces that it has today registered the capital increase in connection with the completion of the rights issue with pre-emptive rights.
The subscription period in Mdundo.com’s (“Mdundo” or the “Company”) rights issue with pre-emptive rights for existing shareholders (“Rights Issue” or the “Issue”) ended on 5 May 2026. The Rights Issue was subscribed to a total of approximately 72.1 percent though subscription with and without support of subscription rights. As a result guarantee commitments of approximately 15.2 percent have been activated. In total the Rights Issue have been subscribed to 87.3 percent and Mdundo will thus be provided with proceeds of approximately DKK 8.9 million before deduction of transaction related costs.
Mdundo.com A/S (the “Company”) hereby announces that it has received a non-binding letter of intent from a third party regarding a potential investment in the Company.
Today, 22 April 2026, is the first day of the subscription period in Mdundo.com A/S's ("Mdundo" or the "Company") preferential rights issue of shares ("Rights Issue" or the "Issue"), which was resolved by the Board of Directors on 10 April 2026. The subscription period runs from today until 5 May 2026. The issue volume amounts to approximately DKK 10.2 million and is covered by pre-subscription commitments and guarantee commitments totaling approximately DKK 7.5 million, corresponding to approximately 73.2 percent of the Rights Issue. Please note that each bank may have different deadlines. This announcement is for informational purposes only and does not constitute an offer to subscribe for or purchase securities. For full terms and conditions of the Issue, reference is made to the company announcement of 10 April 2026.
The Board of Directors in Mdundo.com A/S (“Mdundo” or the “Company”) has today resolved to increase the share capital with up to a nominal amount of DKK 1,019,666.80 corresponding to 10,196,668 new shares (the “New Shares”) each with a nominal value of DKK 0.10. The share capital increase is carried out as a rights issue with preferential rights (the “Subscription Rights”) for existing shareholders (“Rights Issue” or the “Issue”) at a subscription price of DKK 1.00 per New Share (the “Subscription Price”). The Rights Issue is carried out by exercising clause 5.4 of the Articles of Association. In connection with the Rights Issue, the Company has received legally binding written pre-subscription commitments and guarantee undertakings from existing shareholders and a new investor of approximately DKK 7.5 million, corresponding to approximately 73.2 percent of the total Rights Issue.
Mdundo.com A/S, one of Africa's leading music services, today publishes its Q3 FY 2025/26 quarterly statement, covering the period from January to March 2026.
The extraordinary general meeting of Mdundo.com A/S was held on 9 April 2026 at Højbro Plads 10, 1264 Copenhagen K.
Mdundo.com A/S hereby gives notice of an extraordinary general meeting.
As previously disclosed in Company Announcement No. 13-2025, the Board of Directors of Mdundo.com A/S (“Mdundo” or the “Company”) has been engaged in discussions with a potential strategic investor, while maintaining the option to pursue a capital raise should these discussions not result in an investment. These discussions remain ongoing. However, to ensure strategic flexibility and maintain control over the process, the Board has decided to actively explore a separate capital raise as an alternative.
Mdundo.com A/S today provides an update to its financial outlook for FY 2025/26. Based on performance year-to-date and the expected development for the remainder of the financial year, the Company now expects revenue for FY 2025/26 to be in the range of DKK 8.5–10.0 million (previous guidance: DKK 9–11 million). EBITDA for the financial year is expected to be in the range of DKK -1.3 million to -1.8 million (previous guidance: DKK -1.5 million to -2.5 million), reflecting continued operational discipline, efficiency improvements and improved gross margin.
Improved profitability and cash flow in the first half of FY 2025/26 despite lower revenue, as the Company continued its strategic transition towards a subscription-led model, implemented cost and organisational changes, and replaced MAUs with subscribers as its primary non-financial performance metric.
Today Wednesday 29th of October 2025, at 15:00 CET, the Company held its Annual General Meeting.
Company replaces Monthly Active Users with Paying Subscribers as key metric, scales back advertising operations, and updates FY2025/26 guidance to reflect stronger focus on sustainable, recurring revenue.
Mdundo.com A/S continues to strengthen its position as one of Africa’s leading music platforms, providing millions of users with legal and affordable access to music while ensuring fair compensation to artists. Since the company’s IPO in 2020, Mdundo has scaled from 5 million to over 41.8 million monthly active users, expanded partnerships with the continent’s largest telecom operators, and established one of the most extensive catalogues of African music available online.
Mdundo.com A/S hereby gives notice of ordinary general meeting.
Correction to Company Announcement number 9 - Annual Report for the Financial Year 2024/25: Correct file now attached: Annual Report for the Financial Year 2024/2025, including the corrections mentioned in Company Announcement number 9.
Correction to Company Announcement number 8 - Annual Report for the Financial Year 2024/25: The Financial Highlights table on page 11 in the Annual Report for the Financial Year 2024/2025 has been corrected as follows: Guidance FY 25/26: Advertising revenue DKK 2.9m-3.6m, Subscription revenue DKK 9.1m-11.4m. The total revenue guidance is unchanged.
The Board of Directors of Mdundo.com A/S has today approved the company’s annual report for the period 1 July 2024 – 30 June 2025. Management invites investors and stakeholders to a webinar on Friday, 26 September 2025 at 10:30 CET, where the the annual report will be presented. Register here: https://linkly.link/2FJsc
Contains inside information Company Announcement Number 7-2025 Mdundo.com A/S announces an adjustment to its expected EBITDA for the financial year ended 30 June 2025, following a one-off provision made during the audit process in relation to account receivables. The Company now expects EBITDA of negative DKK 5.5 million, compared with the previously guided range of negative DKK 4–5 million and an EBITDA of negative DKK 6.4 million in the prior financial year. This adjustment relates solely to the financial year ended 30 June 2025 and does not affect the guidance for the current financial year 2025/26, where EBITDA is still expected to be in the range of negative DKK 2–3 million. Mdundo will publish its audited annual report for the financial year 2024/25 on 25th September, providing full details and further context.
Mdundo.com A/S, a leading pan-African music service, announces its financial guidance for the fiscal year 2025/26 (1 July 2025 to 30 June 2026). The company expects to grow revenue and improve EBITDA despite continued market challenges around its two main revenue streams, telecommunications-based subscriptions and advertising.
Mdundo is a leading music service for Africa with millions of people streaming and downloading music from our app and website every month. We aim to provide Africa’s millions of internet users with easy access to music whilst contributing structure, legality, and income to the sector.