In the first half of 2026, Novabev Group's revenue rose by 8% to RUB 74.4 billion

Novabev Group (ticker: BELU) announces consolidated financial statements for the first half of 2026 prepared in accordance with IFRS: revenue increased by 8% and reached RUB 74.4 billion, gross profit increased by 12% and exceeded RUB 28 billion, EBITDA increased by 9% and amounted to RUB 10 billion. Net profit amounted to RUB 1.3 billion

Key financial indicators and major corporate events:

During the reporting period, the group achieved increases in revenue, gross profit and EBITDA, despite subdued consumer demand and rising operating costs. The main drivers of this growth were increased sales of high-margin brands, optimization of the product mix, a shift towards more liquid brands and improved operational efficiency.

Thus, among the company's own brands, the strongest growth over the first half of the year was seen in the Orthodox (+50%), Beluga (+41%), Arkhangelskaya (+18%), and Belaya Sova (+7%) vodka brands, Tête de Cheval vermouth (+7%), and the Green Baboon RTD cocktail (+772%), while among imported brands, the Noy line of Armenian cognacs (+19%), Barceló rums (+18%), and Concha y Toro wines (+13%) performed the best. Most of these products are in the premium and higher price segments, which supported the group's average selling price and gross margin.

Meanwhile, macroeconomic challenges, a slowdown in consumer activity and ongoing inflation continued to impact sales volumes and market participants' inventory decisions. In these conditions, the group's total sales amounted to 7.4 million 9L cases, a 6% year-on-year decrease. However, the group's revenue and gross profit growth confirms the effectiveness of its efforts to manage its product mix, develop brands, and improve sales quality.

During the reporting period, the retail segment was the main factor influencing the group's key financial indicators. Revenue increased by 7.2%. However, growth was tempered by a decline in traffic caused by temporary store closures following a cyberattack in July. In 2026, WineLab expanded its promotional programs and customer offers, refined its product range, and developed personalization tools. Results since the reporting date - the first half of the third quarter - demonstrate the effectiveness of these measures. LFL traffic increased by 60.2% compared to 2025 and by 15.2% compared to 2024, while LFL sales rose by 74.4% and 38.6%, respectively. These figures demonstrate a recovery in comparable traffic and sales, confirming the resilience of the company's operating model. At the same time, the chain continued to expand. By the end of the first half of the year, the number of stores had grown to 2,225 compared to 2,129 at the end of June 2025. The number of people participating in the WINCLUB rewards and loyalty program also increased, rising by 16% to over 10.7 million.

In June, the NCR rating agency has affirmed PJSC NovaBev Group's credit rating at AA.ru, with a stable outlook. The main factors that determined the credit rating were its strong and leading market position and wide range of products, its strong debt-servicing capacity coupled with moderately high liquidity and profitability, and its low shareholder risk and transparent financial reporting.

In the current market conditions, the group remains focused on quality and sustainable growth. The priorities are the further development of the premium portfolio, optimization of the product mix, improvement of operational efficiency and working capital management, and a balanced approach to investments. At the same time, the group is strengthening its position in key categories and sales channels, developing its own brands and leveraging the potential of its vertically integrated business model. Management assesses the group's fundamentals as sound, and identifies opportunities for further growth through premiumization, developing its own brands, expanding its retail chain and improving business efficiency.

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