Earnings ·
AIR Global PLC reported H1 2026 revenue of $206.9 million, a 3.7% increase year-over-year, driven by strong price/mix…
AIIRAIR Global PLC
AIR Global PLC reported H1 2026 revenue of $206.9 million, a 3.7% increase year-over-year, driven by strong price/mix growth of 14.0%. Adjusted EBITDA remained flat at $71.7 million despite a 9.0% decline in FSM shipment volumes caused by Strait of Hormuz disruptions and trade inventory impacts. The company reported a net loss of $81.8 million, heavily impacted by $103 million in one-time listing expenses including $48.2 million for SPAC sponsor shares and $47.7 million in IPO cash costs. AIR announced a $20 million strategic investment in Greentank at a $170 million pre-money valuation to support its Crown Switch vape launch. For FY 2026, the company expects revenue growth of 4% to 6% and low- to mid-single-digit Adjusted EBITDA growth. AIR Global PLC operates in the flavored shisha molasses and next-generation nicotine categories.