NewPrinces, first-half revenue above 3 billion. In 2026, EBITDA at 350 million

NewPrinces closes the first half 2026 with consolidated revenue of over 3 billion euros, compared with 1,3 billion in the first half 2025 (+131%), mainly thanks to the contribution from acquisitions completed in the last quarter of 2025.

On a like-for-like basis, sales volumes remain substantially stable. Consolidated Ebitda is 170,1 million, up 64,1%: profitability accelerated in the second quarter, with the half-year Ebitda margin reaching 5,6%, a clear improvement on the 4,8% recorded in the first quarter 2026.
Consolidated net income is negative at 5,8 million. The retail division with GS lost approximately 30 million, and its Ebitda/revenue margin is the lowest of all the other divisions: 3,1%.

Geopolitical variable

Despite the continuation of an uncertain geopolitical situation, a note states that “there are no direct and quantifiable impacts on the group’s economic, equity and financial position. However, management continues to closely monitor developments in the geopolitical context and macroeconomic context, in order to promptly assess any indirect effects that may emerge during the financial year, particularly in terms of increased procurement costs, volatility in energy prices and possible inflationary pressures”.
For the entire 2026, Ebitda is estimated at between 330 and 350 million.

Lengthy integration

The group’s net debt as at 30 June stood at 67,3 million, a clear improvement on 83,8 million as at 31 December 2025. Excluding the application of Ifrs 16, the group reports positive cash of 314 million.
In a company note, chairman Angelo Mastrolia stated that “the second-quarter results confirm the solidity of the path undertaken by NewPrinces. After a first quarter dedicated to integrating a significantly expanded perimeter, in a complex market environment, we recorded a strong acceleration in profitability and returned to generating a significantly positive operating result and net income”.

Furthermore, “the second-quarter performance shows that the expansion of the perimeter is translating into greater efficiency and profitability. We are approaching the second half of the year with confidence, maintaining our focus on integrating the acquired activities, operational efficiency, cash generation and the creation of sustainable value over the long term”.

The platform

NewPrinces Group operates in the food & beverage and retail sectors, with an integrated industrial and distribution platform.
In the food production segment, it operates across various food categories, including dairy products, grocery, ambient and fresh products. The group manages a diversified portfolio of brands in Europe and covers the main retailers and foodservice customers in more than 60 countries.
In the retail sector, NewPrinces operates through Princes Retail and the GS chain, with a network of approximately one thousand outlets across the country. In the first half of the year, the company invested 38 million to purchase certain properties of its supermarkets.

Other articles:

NewPrinces Group relaunches GS in Italian large-scale retail and unveils the new logo

GS buys five retail assets from Kryalos: 37.000 sq m of floor space

This article was translated from the original Italian version with the assistance of artificial intelligence. In case of discrepancies, please refer to the original Italian version.