Pet Service Holding Announces Improved 2026 Half-Year Results and Confirms 2026 Annual Revenue Outlook of €17-18 Million
The company also intends to raise up to €4 million in equity to support its growth strategy towards €50 million in revenue by 2029-2030
ZAANSTAD, Netherlands, October 30, 2026--Regulatory News:
Pet Service Holding NV (Euronext Growth Paris, ISIN: NL0015001HZ9 / Ticker: ALPET), active in the European market for veterinary products, animal healthcare, and premium pet supplies (the "Company" or "PSH"), today presents its results for the first six months of 2026 and outlines the strategic initiatives intended to strengthen its financial position and drive further growth.
With five complementary business pillars, an improved gross margin and a proposed capital increase through a private placement of €3.5 million to €4 million, the Company aims to reach pro forma positive equity of approximately €3.7 million to €4.2 million by the end of 2026 and to continue to expand further in the European pet products market with an ambition to reach at least €50 million in revenue in 2029-2030.
H1 2026 consolidated results: revenue growth and improvement in gross margin
| In € thousand | H1 2026 | H1 2025 |
| Turnover | 7,364 | 7,039 |
| o/w sale medicine registration | 0 | 148 |
| Gross margin | 2,587 | 2,290 |
| Gross margin (in % of sales) | 35% | 33% |
| Operating EBITDA | 30 | 16 |
| Holding expenses | (256) | (278) |
| Group EBITDA | (226) | (262) |
| Net result after tax | (908) | (560) |
| Cash Balance | 1,404 | 683 |
Pet Service Holding generated revenue of €7.4 million in the first six months of 2026. Sales of goods increased by 7.4%. The gross margin on sales of goods improved from 33% to 35%. The operating businesses generated positive EBITDA of €30,000, compared with €16,000 a year earlier.
This performance was achieved despite the loss of a significant portion of prescription veterinary medicine sales as a result of regulations and their interpretation by the Dutch Food and Consumer Product Safety Authority (NVWA). Strong growth at the other online consumer platforms, Petlux's first revenue contribution and an improved product mix offset a significant part of this revenue loss.
After holding company expenses, Group EBITDA was negative at €226,000. The net loss was €908,000, partly reflecting holding costs, financing expenses, depreciation and amortisation, and costs associated with the Group's continued development and integration.
Capital measures could restore positive equity of more than €4.2 million
A key priority for Pet Service Holding is to further strengthen its balance sheet and create financial flexibility to implement its growth strategy. The Company is preparing the conversion of approximately €1.025 million of convertible bonds into shares before yearend. In addition, it is working on a share issue through a private placement coordinated by NPEX1, targeting gross proceeds of €3.5 million to €4 million.