Fix Price H1 2026: Revenue Growth Stable at +4.8%, EBITDA Returns to Growth, Net Profit Still Under Pressure

Fix Price reported H1 2026 revenue of RUB 155,335m (+4.8% y/y), EBITDA of RUB 16,961m (+3.6% y/y) and net profit of RUB 2,729m (-30.0% y/y). Revenue growth was broadly stable versus the previous half (H2 2025: +4.5%), while EBITDA growth turned positive after a -12.6% decline in H2 2025 — a clear inflection at the operating line, even as net profit continued to fall.

H1 2026 vs H1 2025: headline YoY growth

What drove the result

The operating picture improved: EBITDA margin held at 10.9% (16,961/155,335) versus 11.0% in H1 2025 (16,364/148,216), and EBITDA growth of +3.6% compares with -12.6% in H2 2025 and -16.5% in H1 2025. Net profit, however, fell to RUB 2,729m from RUB 3,900m, with the net margin down to 1.8% from 2.6% — the gap between EBITDA and net profit points to higher below-EBITDA charges (D&A, interest or tax), though the release does not break these out. Revenue growth of +4.8% was the strongest in the recent series, edging up from +4.5% in both H1 2025 and H2 2025.

Key figures (RUB m)

Outlook

The key takeaway is the divergence between the top line and the bottom line: revenue growth is stable at ~4.5–4.8% and EBITDA has returned to modest growth, but net profit remains in double-digit decline. The H1 2026 net margin of 1.8% is well below the 4.2% full-year 2025 level (11,176/313,330), so the second half will need a meaningful step-up to close the gap. Watch for any disclosure on below-EBITDA cost drivers and whether the EBITDA inflection is sustained into H2.