Foamit (FOAMIT) H1 2026 earnings summary

Executive summary

• Revenue increased by 14% year-over-year to €21.2 million for H1 2026, with EBITDA up 20% to €2.5 million and order backlog rising to €24.6 million.

• Strategic growth initiatives advanced, including new distribution agreements and joint venture plans in Belgium and Germany.

• Export sales to Benelux began, and capacity for small foam glass fractions was expanded to meet growing demand.

Financial highlights

• Revenue: €21.2 million (H1 2025: €18.7 million), up 14%.

• EBITDA: €2.5 million (H1 2025: €2.0 million), up 20%. Adjusted EBITDA (excluding non-recurring items): €3.4 million, up 64%.

• EBIT: €0.2 million (H1 2025: -€0.0 million).

• Net profit: -€0.2 million (H1 2025: -€0.4 million).

• EPS: -€0.01 (H1 2025: -€0.01).

• Cash at period end: €10.8 million (H1 2025: €15.4 million).

• Investments: €2.3 million (H1 2025: €4.5 million).

Outlook and guidance

• Targeting €100 million revenue and over 20% EBITDA margin by end of 2028.

• No short-term guidance provided due to ongoing strategic transformation.