The Convenience Shop (Holding) plc – Interim Results
Following last week's article detailing the performance of the S&P 500 index in 2025, it is worth devoting time to review the developments across the European equity markers in my last article of the year.
Financial Performance
On 28 August 2026, The Convenience Shop (Holding) plc published its interim financial statements covering the six-month period ended 30 June 2026.
Revenue increased by 11.7% to €27.6 million (H1 2025: €24.7 million), which reflects the contribution from five new outlets. Total brand revenue generated across Group-owned and franchise stores reached €52 million.
Gross profit expanded by 29.9% to €3.40 million and the gross profit margin improved to 12.3% from 10.6% in the corresponding period of 2025, driven by the Group’s purchasing and commercial initiatives, the benefits of increased scale and product mix. Administrative expenses rose by 29.6% to €2.66 million, reflecting the costs of supporting the Group’s expanding operations and a non-recurring investment in professional fees during the period.
Operating profit surged by 31% to €0.74 million and the operating profit margin improved to 2.7% from 2.3%. Excluding depreciation and amortisation charges, EBITDA advanced by 24.8% to €2.7 million (H1 2025: €2.2 million) and the EBITDA margin improved to 9.9% from 8.8%.
After accounting for other income of €0.40 million and net finance costs of €0.69 million, profit before tax increased by 6.4% to €0.45 million. Following a tax charge of €0.12 million and minimal profits attributable to non-controlling interests, the net profit for the period attributable to shareholders remained practically unchanged at €0.31 million.
The Condensed Statement of Financial Position as at 30 June 2026, when compared to the corresponding figures as at the end of 2025, shows that total assets remained practically unchanged at €49.7 million. On the other hand, total liabilities eased by 0.8% (or €0.3 million) to €39.8 million. Total equity expanded by 3.4% (or €0.3 million) to €9.90 million.
Dividend
The Board of Directors declared an unchanged net interim dividend of €0.01 per share, which translates into a payout ratio of 99% (H1 2025: 98%). The dividend will be paid on Tuesday 1 December 2026 to all shareholders of the company as at close of trading on Wednesday 28 October 2026.
Outlook
In their commentary, the Directors explained that the Group enters the second half of 2026 with a strengthened trading position and a clear focus on sustainable growth, and that it will continue to evaluate opportunities to expand its store network as well as refurbish and optimise existing outlets. Whilst management remains mindful of labour availability, wage costs, financing costs and competitive pricing pressures, the Board reiterated its confidence that the Group’s established brands, growing network and ongoing investment in people, systems and infrastructure provide a sound platform for continued development.
The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.
This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.
The article contains public information only and is published solely for informational purposes. It should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in this article. Rizzo, Farrugia & Co. (Stockbrokers) Ltd (“Rizzo Farrugia”) is under no obligation to update or keep current the information contained herein. Since the buying and selling of securities by any person is dependent on that person’s financial situation and an assessment of the suitability and appropriateness of the proposed transaction, no person should act upon any recommendation in this article without first obtaining investment advice. Rizzo Farrugia, its directors, the author of this article, other employees or clients may have or have had interests in the securities referred to herein and may at any time make purchases and/or sales in them as principal or agent. Furthermore, Rizzo Farrugia may have or have had a relationship with or may provide or has provided other services of a corporate nature to companies herein mentioned. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. Past performance is not necessarily indicative of future results. Foreign currency rates of exchange may adversely affect the value, price or income of any security mentioned in this article. Neither Rizzo Farrugia, nor any of its directors or employees accepts any liability for any loss or damage arising out of the use of all or any part of this article. Additional information can be made available upon request from Rizzo, Farrugia & Co. (Stockbrokers) Ltd., Airways House, Fourth Floor, High Street, Sliema SLM 1551. Telephone: +356 2258 3000; Email: info@rizzofarrugia.com; Website: www.rizzofarrugia.com © 2021 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. This article may not be reproduced or redistributed, in whole or in part, without the written permission of Rizzo Farrugia. Moreover, Rizzo Farrugia accepts no liability whatsoever for the actions of third parties in this respect.
This article was produced by Edward Rizzo, Director at Rizzo Farrugia, which is a company licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap. 370 of the Laws of Malta and a member of the Malta Stock Exchange. The company’s registered address is at Airways House, Fourth Floor, High Street, Sliema SLM 1551, Malta.