Silvano Fashion Group (SFG1T) Q2 2026 earnings summary

Executive summary

• Revenue for the first six months of 2026 increased by 0.6% year-over-year to €28.59 million, with gross profit up 5.3% to €15.89 million and gross margin rising to 55.6% from 53.1%.

• Net profit for the period declined by 31.2% to €4.32 million, with net profit attributable to equity holders down 31.5% to €3.96 million and EPS at €0.11.

• Retail revenue grew 13.6% year-over-year, while wholesale revenue declined 9.1%; retail now represents 47.4% of total revenue.

• The Group operated 135 stores directly and, together with franchise partners, 547 stores at period end.

• Major markets remain Russia (55.1% of sales) and Belarus (31.6%), with Russia sales down 0.6% and Belarus up 6.4% in EUR terms.

Financial highlights

• EBITDA for the period was €7.51 million, down 0.8% year-over-year; EBITDA margin was 26.3%.

• Operating profit decreased by 3.5% to €5.75 million; operating margin was 20.1%.

• Operating cash flow nearly doubled to €6.84 million from €3.48 million in the prior year.

• Total assets increased by 5.1% to €98.60 million; equity attributable to equity holders rose 6.1% to €81.48 million.

• Cash and cash equivalents rose 87.4% to €12.44 million.

Outlook and guidance

• Focus remains on improving retail profitability in Russia and expanding the store chain where feasible.

• Investments will continue in store openings, renovations, and production efficiency.