Maxima Grupė Reports 2.8% Revenue Growth in First Half of 2026
News provided byMAXIMA GRUPĖ, UAB · 2 min read
In the first half of 2026, MAXIMA GRUPĖ, UAB, the operator of retail chains in the Baltic states, reported a consolidated revenue of EUR 2.03 billion, a 2.8% increase from the same period in 2025. This growth reflects stable revenue across all country operators, with Lithuania contributing the most to the overall growth, seeing a 4.6% increase to EUR 1.16 billion.
The retail chains under MAXIMA GRUPĖ, UAB made a significant move, reducing regular prices of 9,000 food products in Lithuania and 4,000 in Latvia. This decision, according to Petras Jašinskas, Chief Financial Officer of MAXIMA GRUPĖ, UAB, "strengthens our position as the low-price leader, enabling customers to purchase products at lower prices every day without waiting for special offers."
Retail revenue in Latvia rose by 0.6% to EUR 559.7 million, while in Estonia it increased by 1.3% to EUR 297.9 million. Sales through the "Barbora's" online stores also saw a marginal increase of 0.4% to EUR 75 million.
Despite the revenue growth, the Group's profitability faced challenges. The EBITDA margin declined by 0.2 percentage points to 8.4%, primarily due to rising costs of labour, energy, and fuel. However, the Group continues to improve operational efficiency to offset these expenses.
In a related development, the company allocated EUR 101 million from its retained earnings as dividends to its sole shareholder, UAB "Vilniaus prekyba." Additionally, investments in expanding the store network increased significantly, with fixed asset investments reaching EUR 63.8 million, up by EUR 30.9 million from the same period last year.
MAXIMA GRUPĖ, UAB operates "Maxima" retail chains and "Barbora" online grocery stores in the Baltic states. It is part of the "Vilniaus prekyba" group, which also manages retail and pharmacy chains, and real estate development and management services in the Baltic states, Sweden, Poland, and Bulgaria.
At the end of the first half of 2026, the Group's net debt to EBITDA ratio stood at 2.0x, an improvement from the previous year. However, the net debt increased to EUR 764.5 million. These results are from continuing operations, which include the Baltic retail chains after the sale of businesses in Poland and Bulgaria at the end of 2025.