Longino & Cardenal returned to profit in the first half of 2026 after structural cost reductions and operating-efficiency measures offset weaker sales. Revenue amounted to €15.6 million, EBITDA reached €493,000 and net profit was €92,000.
Key figures
- Revenue: €15.6 million, down 7.3% year on year
- Contribution margin: €4.1 million, equal to 26.3% of revenue
- EBITDA: €493,000, from a negative €417,000
- Adjusted EBITDA: €472,000
- Net profit: €92,000, from a loss of €1.3 million
- Net debt: €5.4 million
Profitability recovers despite lower revenue
The revenue decline partly reflects the closure of the New York branch, which had contributed about €404,000 in the first half of 2025, and weaker activity in Dubai amid geopolitical tensions in the Middle East. The contribution margin nevertheless remained at 26.3% of revenue.
The return to positive operating results was supported by logistics outsourcing, greater process automation and lower overheads. These measures allowed the group to absorb the sales contraction and restore profitability at EBITDA and net-income level.
Financial position and investments
Net debt stood at €5.4 million. During the period the group continued to invest, including in a new fresh-fish processing facility, while also working to reduce the cost of short-term funding.
The company
Longino & Cardenal, listed on Euronext Growth Milan, sources and distributes premium food products to restaurants, hotels and specialist retailers in Italy and international markets.
Primary source: Longino & Cardenal — official press releases.