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Novaturas (NTU1L) investor relations material
Novaturas Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for H1 2026 was EUR 69.8 million, down 6% year-over-year, mainly due to a one-off legal dispute with UAB GetJet Airlines impacting EBITDA and net profit.
EBITDA was EUR -5.6 million and net loss EUR 7.9 million; adjusted EBITDA (excluding legal dispute) was EUR -2.1 million.
Served 74,000 travellers with an average aircraft load factor of 96.7% across the Baltics; strongest growth in Crete, Tunisia, Bulgaria, Barcelona, and Lyon.
Advance bookings for winter 2026-2027 up 36% year-over-year, with notable growth in Thailand, Vietnam, and Sri Lanka.
New CEO and CFO appointed in April and May 2026, respectively.
Financial highlights
Revenue decreased to EUR 69.8 million from EUR 74.1 million in H1 2025 (-5.8%).
Gross profit fell 28% to EUR 6.4 million; gross margin dropped to 9.18% from 12.04%.
Operating loss widened to EUR -5.7 million from EUR -0.4 million; net loss increased to EUR -7.9 million from EUR -0.8 million.
Adjusted EBITDA (excluding GetJet dispute) was EUR -2.1 million.
Earnings per share fell to EUR -1.01 from EUR -0.10.
Outlook and guidance
Focus for H2 2026 is on improving profitability, operational efficiency, balanced travel program, and stimulating advance sales.
Management expects measures implemented to strengthen competitiveness and support sustainable long-term growth.
- Profitability improved with positive adjusted EBITDA despite a 16% revenue decline.NTU1L
Q4 2025 - Revenue fell 18.8–19%, but net loss narrowed and efficiency improved with new investment.NTU1L
Q2 2025 - EBITDA and net profit turned negative amid lower sales, but exotic travel demand is rising.NTU1L
Q3 2024 - H1 2024 revenue and profit declined, but NPS and early bookings improved.NTU1L
Q2 2024 - Q4 profit rebound and record load factors set the stage for renewed 2025 profitability.NTU1L
Q4 2024
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