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Allegro (ALE) investor relations material

Allegro Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary17 Sep, 2026

Executive summary

  • Delivered strong Q2 2026 results, with group GMV up 14.4% YoY, exceeding targets and showing momentum into Q3.

  • Significant growth driven by investments in AI, international expansion, and new service launches in travel and healthcare.

  • Upgraded full-year 2026 outlook due to robust Q2 and accelerating Q3 growth.

  • Net profit increased 27.6% YoY to PLN 870.4m in H1 2026; Adjusted EBITDA up 16.9% YoY to PLN 1.96bn.

  • Leadership strengthened with new CFO and executives in commercial and fintech roles.

Financial highlights

  • Group GMV up 14.4% YoY to PLN 19.6bn in Q2; H1 GMV at PLN 36.9bn.

  • Group revenue up 16.1% YoY in Q2; H1 revenue at PLN 6.3bn.

  • Adjusted EBITDA exceeded PLN 1 billion in Q2; H1 Adjusted EBITDA at PLN 1.96bn.

  • Free cash flow and cash conversion remain strong, with group cash conversion at 71.6%.

  • Net debt to adjusted EBITDA improved to 0.72x as of June 30.

Outlook and guidance

  • Upgraded FY 2026 GMV growth guidance: Group 13-15%, Poland 11-13%, International 65-75%.

  • Revenue guidance: Group 12-16%, Poland 13-15%, International 35-45%.

  • Adjusted EBITDA guidance: Group 9-17% growth (PLN 3.9–4.1bn), Poland 11-14% growth.

  • No changes to CapEx guidance; target PLN 1.04-1.15bn.

  • Q3 trading shows further acceleration: Group GMV up 17-18% YoY quarter-to-date.

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