Racing Force (RFG) H1 2026 earnings summary

Executive summary

• Achieved record H1 2026 results with revenues of €46.8M, up 19.1% year-over-year, and double-digit growth across all product segments and regions.

• EBITDA rose 22.7% to €10.2M (21.7% margin), and net profit increased 40.1% to €5.9M, reflecting improved profitability and operating leverage.

• Growth was broad-based, with the Americas and APAC regions showing particularly strong expansion.

• Infrastructure investments completed in 2025 enabled higher production volumes and service levels.

Financial highlights

• Revenue: €46.8M (+19.1% vs H1 2025 at current rates, +21.2% at constant rates).

• Gross profit: €29.2M (+19.0%), gross margin stable at 62.5%.

• EBITDA: €10.2M (+22.7%), margin 21.7%.

• EBIT: €7.6M (+20.4%), margin 16.3%.

• Net result: €5.9M (+40.1%), margin 12.7%.

• Operating cash flow: €5.1M (down from €7.6M in H1 2025 due to working capital absorption).

Outlook and guidance

• Confident outlook for H2 2026, with early sales growth and solid demand.

• Geopolitical risks (Middle East, Ukraine) remain high but have had marginal operational impact.

• Certification and commercialization of new Riot and Gladiator helmets expected from 2027.