€3.3M EBIT on €16.8M Revenue: Nextbike Polska’s Turnaround in 2024
Full breakdown of Nextbike Polska's 2024 financials with historic charts and P&L
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Contents
About Nextbike Polska
2024 Financial Performance
Chart: Revenue vs Net Profit and EBITDA (2017 - 2024)
Revenue Breakdown
P&L Snapshot
Cost Structure
Chart: G&A as a % of Revenue (2017-2024)
Cash Flow & Balance Sheet
Stock Performance
Conclusion
About Nextbike Polska
Nextbike Polska SA, operating under "Nextbike Polska SA w restrukturyzacji" since June 2020, is a Warsaw-based joint-stock company providing and managing self-service public bike systems. Established in 2010 and listed on NewConnect since 2017, it partners with local governments across Poland and offers private services like advertising and sponsor stations.
Ownership has shifted over time, from Germany’s Nextbike GmbH to Tier Mobility SE in 2023, and most recently to STAR Pedal II GmbH in 2025. Several fully owned Polish subsidiaries are consolidated into its financial reports.
2024 Financial Performance
Nextbike Polska returned to profitability in 2024, reporting a net profit of €9.7m, a sharp reversal from a €4.6m loss in 2023, an improvement of €14.3m year-over-year.
Revenue rose by 47%, from €11.4m to €16.8m.
EBIT turned positive at €3.3m, up from a loss in 2023.
EBITDA jumped to €5.4m, compared to a €2.2m loss the year before.
Gross profit grew by 162.5%, from €2.4m to €6.3m.
Earnings per share improved from -€2.7 to €2.8.
This financial turnaround was supported by cost controls and a €6.1m debt reduction through restructuring.