AIR Global PLC reported first half revenue increased 3.7% to $206.9 million, driven by flavored shisha molasses revenue growth of 3.4% to $204.7 million, while gross profit rose 2.4% to $116.8 million. Adjusted EBITDA was $71.7 million, flat year-over-year, related to lower shipment volumes partially offset by U.S. tariff refunds. The company maintained its 2026 fiscal guidance, expecting USD revenue growth between 4% and 6%, low- to mid-single-digit adjusted EBITDA growth, and stable shipment volumes versus the prior year. CEO Stuart Brazier noted the performance reflects resilience despite challenges following the closure of the Strait of Hormuz, a route through which approximately 70% of historical shipment volumes have been transported.
Air Global PLC Ordinary SharesRevenue growth driven by flavored shisha molasses demand, with maintained guidance.
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