Gens Aurea (OROX) H1 2026 earnings summary
Event summary combining transcript, slides, and related documents.
H1 2026 earnings summary
30 Sep, 2026Executive summary
Achieved strong growth in the European gold and precious metals market, consolidating a leading position with 560 shops across five countries and eight brands, including new entries in Switzerland and plans for further European expansion.
Completed IPO on Euronext Milan in July 2026, increasing visibility, broadening the shareholder base, and raising free float to 10.27%.
Expanded business lines: Buy-Sell, Investment Gold, Jewelry Retail, and Buy-Back, with Buy-Sell accounting for 96% of revenues.
Revenue surged 129%–130% year-over-year to €824.8–€826.3 million, driven by strong gold prices and increased investment demand.
Net profit rose to €80.3 million, reflecting operational leverage and network expansion.
Financial highlights
Revenues reached €824.8–€826.3 million, up 129%–130% year-over-year.
Gross margin rose to €156.5 million, but margin declined to 18.9% from 21.8% due to competitive pricing.
EBIT increased to €110.5 million (13% margin), up from €42.7 million (12% margin).
Adjusted EBITDA was €121.1 million (14.7%–15% margin), up from €47.8 million (13% margin).
Cash and cash equivalents rose to €138.4 million from €54.2 million at year-end 2025.
Net financial position improved from net debt of €19.4 million to net financial assets/net cash of €32.8 million.
Shareholders’ equity increased to €109.3 million from €84.1 million.
Outlook and guidance
Full-year 2026 revenue expected at €1.5 billion, adjusted EBITDA above €200 million, and adjusted net profit over €130 million.
Capex for 2026 targeted at €9 million; dividend payout ratio of at least 60%.
Strategic priorities include cost rationalisation, retail channel development, consolidation of gold-broking, expansion of buy-back offerings, and entry into new European markets.
Directors approved a new business plan for 2026–2030 focused on operational efficiency and brand value protection.
The macroeconomic and geopolitical environment remains highly uncertain and volatile, with gold price trends expected to significantly impact business.
