Board meeting

News from the Board
From the Board meeting on February 27, 2026

In January, the Metro recorded 11.5 million passengers, which is 3 percent above budget. This is primarily due to the M3/M4 lines, which, with 5.6 million passengers, were 6 percent above budget. Passenger numbers for February are also expected to exceed the budget, partly due to the winter weather in week 6, which was the busiest week in the Metro’s history. New passenger records were set on several consecutive days.
 
In January, operational reliability on the M3/M4 lines exceeded 98% every day, while it reached 99.9% on 22 days. Operations on the M1/M2 lines, however, were challenged by several disruptions, including signal failures, train malfunctions, and weather-related issues. This resulted in an operational stability of 98.4% and 97% during rush hour. Metroselskabet is in dialogue with the operator and has initiated an analysis focused on improving stability.
 
The Board of Directors approved Metroselskabet’s annual report for 2025, which shows a financially satisfactory year with 135 million passengers—the highest number ever—and total passenger revenue of DKK 1.8 billion. Earnings before depreciation and amortization amounted to DKK 338 million, representing an increase of DKK 94 million compared to the 2024 results. The improvement is primarily due to solid passenger growth, lower costs, and a positive adjustment to contract payments to the operating company. 
 
“Last year, 135 million passengers traveled on the Metro. That is nine million more than the previous year and the highest number of passengers in the company’s history. This shows that the Metro remains the backbone of the capital’s public transportation system and that passengers are increasingly choosing the Metro. Customer satisfaction is high, and this is reflected in both passenger numbers and the financial results,” says Tommy Ahlers, Chairman of the Board of Metroselskabet.
 
The annual report provides a comprehensive overview of the company’s financial results, strategic development, and focus areas over the past year. It is now being sent to the owners for final approval at the partnership meeting in April.

Finally, the Board was briefed on the arbitration court’s reasoning for the partial ruling in which, on February 5, 2026, the court fully acquitted Metroselskabet in the so-called concrete case stemming from the construction of the M3 City Ring. The court rejected all claims from the construction contractor CMT and ruled that Metroselskabet had acted in accordance with its contractual obligations as the project owner.