Kinepolis Group (KIN) investor relations material

Executive summary

• Visitor numbers rose 33.8% year-over-year to 19.1 million, driven by organic growth, blockbuster releases, and the Emagine Entertainment acquisition.

• Revenue increased 32.6% to €341.8 million, reaching a record high, supported by higher attendance, premium experiences, and acquisitions.

• Profitability improved sharply, with adjusted EBITDA up 55.5% to €102.1 million and net profit up 262.6% to €25.3 million.

• Integration of Emagine Entertainment was smooth, delivering above-average EBITDA per visitor and contributing €47.5 million revenue and €5.5 million net profit since acquisition.

• Expansion continued with the acquisition of 13 Showcase Cinemas, further strengthening the U.S. footprint.

Financial highlights

• Adjusted EBITDA rose 55.5% year-over-year to €102.1 million; margin reached 29.9%.

• Net result increased to €28.2 million (+219.5% YoY); earnings per share for H1 at €1.13.

• Free cash flow surged to €65.8 million (+218.2% YoY); net financial debt leverage improved to 1.85x.

• EBITDA per visitor increased over 25%, from €3.38 to €4.24.

• CapEx investments totaled €22.3 million in H1, focused on premiumization and maintenance.

Outlook and guidance

• Strong film line-up and further US expansion (Showcase acquisition) support a positive outlook for H2 2026.

• Visitor numbers expected to continue recovering, with potential for a record full year barring major disruptions.

• Ongoing investments in premium formats and customer experience expected to drive continued growth.

• CapEx for the full year expected to be slightly higher than last year, mainly due to scope extension.