Spadel: Revenue up 10.1% in H1 2026, EBIT up 22.4%
Spadel has published its half-year 2026 results, marking growth across all its geographical areas. The group indicates that the progression of operating profit exceeds that of revenue, despite continued pressure on several cost categories.
The group attributes this momentum to its strategy focused on local brands and innovation, as well as to a market environment it describes as favorable for healthy and natural beverages.
Revenue up 10.1% and EBIT up 22.4%
In the first half of 2026, Spadel's revenue grew by 10.1% compared to the first half of 2025. Operating profit (EBIT) increased by 22.4% over the same period.
According to the group, this growth is driven by increased sales, despite continued pressure on several cost categories. The increase in operating profit is thus at a faster pace than that of revenue.
Growth across all countries where the group operates
Spadel indicates that growth was recorded in all countries where it operates: Belgium, the Netherlands, Luxembourg, France and Bulgaria. It is mainly driven by increased sales volumes.
The group cites three factors at the origin of this progression: a thriving market across all its business areas, growing consumer interest in its local and innovative brands, and several periods of high temperatures recorded in May and June.
The market context is described as favorable for all healthy and natural beverages, particularly natural mineral waters.
Annual performance expected to exceed that of 2025
For the full year 2026, Spadel expects to achieve performance exceeding that of 2025, while noting that the geopolitical context continues to generate uncertainty.
This outlook takes as its reference the 2025 financial year, whose annual results were published on April 21, 2026.
