Rainbow Tours (RBW) Q2 2026 earnings summary

Executive summary

• Consolidated sales revenue for H1 2026 reached PLN 1,984.5m, up 10.4% year-over-year, driven by growth in both tour operator and hotel segments.

• Net profit for H1 2026 was PLN 59.3m, a decrease of 29.9% compared to H1 2025, reflecting higher costs and lower margins.

• The group expanded through the acquisition of 88% of Touring IT Logistic S.R.L. and completed the sale of two subsidiaries by Paralela 45 Turism S.A.

• The company maintained a strong cash position, with cash and equivalents at PLN 604.4m as of June 30, 2026.

Financial highlights

• Gross margin on sales for H1 2026 was 14.0%, down from 15.6% in H1 2025.

• EBITDA for H1 2026 was PLN 90.6m, compared to PLN 116.2m in H1 2025.

• Net margin for H1 2026 was 3.01%, versus 4.7% in H1 2025.

• Total financial debt at June 30, 2026 was PLN 196.1m, with net financial debt negative due to high cash reserves.

• Dividend of PLN 8.60 per share (PLN 125.1m total) was paid in July 2026 from 2025 profits.

Outlook and guidance

• The company did not publish formal forecasts for 2026.

• Management expects continued impact from geopolitical instability in the Middle East, with flexible adaptation of travel offerings and ongoing monitoring of fuel and currency markets.

• Early sales for summer and winter 2026/2027 show moderate growth, but at a slower pace than previous years.