Colruyt Group (COLR) H2 2026 earnings summary

Executive summary

• Revenue increased by 3.1% to €10.57 billion in 2025/26, driven by acquisitions and scope changes.

• Operating result (EBIT) remained stable at €465 million, with EBITDA up 2.9% to €879 million.

• Net profit from continuing operations declined 4.3% to €337 million, mainly due to lower financial and investment results.

• Market share in Belgium dropped to 28.5% amid intensified competition and regulatory changes.

• Discontinued French retail operations resulted in a €33 million loss, with the disposal completed in Q4.

Financial highlights

• Gross profit margin stable at 30.5%; gross profit rose 3.2% to €3.22 billion.

• Operating expenses increased due to acquisitions and wage indexation, but were stable excluding scope changes.

• Earnings per share (EPS) from continuing operations was €2.80, down 1.7% year-over-year.

• Cash and cash equivalents at year-end were €586 million; net financial debt (including IFRS 16) was €271 million.

• Board proposes a gross dividend of €1.38 per share, unchanged from last year.

Outlook and guidance

• Aims to maintain at least the same operating result in 2026/27, both in absolute value and margin.

• One-off positive effect of €25–30 million expected from the GEOxyz stake disposal in 2026/27.

• Focus remains on growth in food and health, productivity gains, and cost base reduction.