AIR Global Reports 3.7% Revenue Growth in 1H26 Despite Hormuz Disruption

Earnings

โดย ExecEdge·

Summary · why it matters

AIR Global PLC reported first-half 2026 revenue of $206.9 million, up 3.7% year over year, with adjusted EBITDA stable at $71.7 million despite a 9.0% decline in FSM shipment volumes caused by the Strait of Hormuz closure. The company said customer purchase orders remained intact and wholesaler inventories declined, confirming the shortfall reflected shipment availability rather than weaker end demand. Americas adjusted EBITDA rose 17.2% to $19.8 million, while MEAA adjusted EBITDA fell 4% to $59.7 million and Europe adjusted EBITDA dropped to $0.1 million from $1.8 million. Management guided to 2026 revenue growth of 4% to 6% and low-to-mid single-digit adjusted EBITDA growth, with 2H26 expected to pivot to volume-led growth as channel inventories normalize. AIR Global also highlighted its $20 million investment in Greentank and the Crown Switch next-generation product as the principal near-term catalyst, with a U.S. PMTA submission expected later in 2026.

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