Maxima Grupė reports €2 billion revenue, lower profitability

The Lithuanian retail conglomerate Maxima Grupė announced a €2.03 billion revenue figure for the first half of 2026, marking a modest 2.8% increase over the equivalent period in 2025, as reported in a press release. The company's like-for-like retail sales experienced a 2.1% rise during this time. Notably, revenue growth outpaced food inflation in the Baltic States, which averaged around 2% for the same timeframe.

Lithuania contributed the most to the revenue, generating €1.16 billion, a 4.6% jump from the previous year. Latvia's retail earnings grew by 0.6% to €559.7 million, while Estonia's saw a 1.3% increase to €297.9 million. Online sales through Barbora stores in the region expanded by 0.4% to €75 million. The Group's EBITDA rose by €0.7 million to €169.9 million, but the EBITDA margin fell to 8.4%, a 0.2 percentage point decrease from the prior year.

This margin decline was attributed to increasing expenses in labor, energy, and fuel costs. Maxima Grupė returned €101 million in dividends to its sole shareholder, Vilniaus prekyba, through retained earnings. The company invested €63.8 million in fixed assets, an increase of €30.9 million compared to the same period last year, aimed at expanding its network of physical stores.

The Group's net debt to EBITDA ratio improved to 2.0x at the end of the first half of 2026, an improvement from the previous year. However, net debt increased to €764.5 million. Maxima Grupė operates Maxima retail chains and Barbora online grocery stores across the Baltic States, and is a part of the Vilniaus prekyba group of companies.