NoHo Partners (NOHO) Q2 2026 earnings summary

Executive summary

• Revenue grew by 9.2% year-over-year in Q2 2026 to €95.6M, with operating margin improving to 9.5%.

• Profitable growth was seen across all business areas and geographic markets, including both Finnish and international operations.

• Earnings per share improved to €0.14, supporting full-year guidance and reflecting a 44.1% year-over-year increase.

• Discontinued operations (Better Burger Society) no longer contribute to results, impacting year-over-year comparability.

Financial highlights

• Q2 2026 revenue/turnover: €95.6M (+9.2% y/y); H1 2026: €177.3M (+7.6% y/y).

• Q2 2026 operating profit/EBIT: €9.1M (+21.9% y/y); margin 9.5% (8.5%).

• Q2 2026 net income from continuing operations: €3.9M, up 54% year-over-year.

• EPS from continuing operations Q2 2026: €0.13 (+50.7% y/y); H1 2026: €0.14 (+44.1% y/y).

• Discontinued operation result: €0.0M (vs. €22.4M in Q2 2025).

Outlook and guidance

• Profitability expected to remain strong for 2026, with comparable EPS projected to grow for the full year.

• Long-term targets: Finnish turnover ~€350M, EBIT margin to remain at current level, net debt/EBITDA to decrease to ~2x by end of 2027, and at least 50% of comparable EPS to be distributed as dividends.