Lampsa Hellenic Hotels (LAMPS) H1 2026 earnings summary

Executive summary

• H1 2026 consolidated revenue rose 3% YoY to €58.852m; EBITDA increased 15% to €15.369m and net profit rose to €7.189m from €5.443m.

• Tourism demand remained strong, with luxury Athens hotel market occupancy at 73.4% and average room rate up 8.0% YoY; H2 outlook remains positive, with FY revenue expected to increase marginally.

Financial highlights

• Consolidated gross profit was €22.490m vs €19.972m; gross margin increased to 38.21% from 35.03%.

• Operating profit was €9.945m vs €8.174m; profit before tax rose to €9.456m from €7.452m, while net profit after tax reached €7.189m vs €5.443m.

• Parent revenue was €38.120m vs €37.993m; parent net profit increased to €6.372m from €4.162m.

• Consolidated operating cash flow was €12.278m vs €8.348m; cash and cash equivalents ended H1 at €16.812m, down from €19.607m at FY 2025-end.

Outlook and guidance

• H2 outlook is positive, with FY revenue expected to close with a marginal increase; operations are expected to remain at high levels, with Serbian hotels trending upward.

• Management expects negative working capital to be fully restored in H2 2026 through stronger profitability and operating cash flow; approved bank credit lines are immediately available.

• Bond and time-deposit placements totaling €7.190m at 30 June are expected to benefit financial results through high interest rates.