In 1H 2026, the Esotiq & Henderson Group generated consolidated revenue of PLN 157.8m, up 10.7% y/y. In Q2, sales growth translated more clearly into profitability: operating profit (EBIT) rose 22.1% y/y to PLN 6.4m and net profit increased 41.9% y/y to PLN 4.6m. At the same time, the Group continued to optimise its brick-and-mortar network, increasing sales per square metre and developing its digital channels.

In Q2, revenue amounted to PLN 83.5m (+10.7% y/y) and EBITDA to PLN 11.1m (+18.5% y/y), with the EBITDA margin expanding to 13.3% from 12.4% a year earlier. Gross margin on sales stood at 71.9%.

For 1H as a whole, the Group generated gross profit on sales of PLN 109.0m (+10.3% y/y), EBITDA of PLN 15.3m (+9.7% y/y) and EBIT of PLN 6.2m (+8.1% y/y). Net profit amounted to PLN 2.5m versus PLN 3.2m a year earlier, weighed down by a net financial result of PLN -2.9m compared with PLN -1.7m in the corresponding period of 2025, when the Group recorded positive foreign exchange differences.

Improving the efficiency of the brick-and-mortar network remains one of the Group’s key areas of focus. The Company regularly reviews the performance of individual stores and optimises its location portfolio, including closing the weakest-performing outlets. These measures have been accompanied by growth in revenue per square metre of retail space. Sales in own stores rose by nearly 12% y/y in 1H, while total brick-and-mortar sales increased 6.6% y/y, and 8.2% y/y in Q2 alone.

At the end of 1H 2026, the Esotiq network in Poland comprised 266 stores (190 franchise and 76 own stores) with a total retail area of nearly 17k sq m. A further 19 stores operated abroad, bringing the total to 285 stores with approx. 18.1k sq m of retail space. In July, the Esotiq network’s retail area stood at 18,043 sq m, down 1.6% y/y, while Group revenue for the month rose 9% y/y.

– In the second quarter, sales growth translated into improved operating results. At the same time, we are increasing the productivity of our network: we regularly review store performance and optimise our location portfolio to generate more sales from existing space. We are also developing e-commerce and new channels to reach our customers. Changes in logistics and the centralisation of processes are ongoing and will support further improvement in operating efficiency – says Julka Justyna Derdzikowska, CEO of Esotiq & Henderson.

Online sales grew to PLN 50.1m in 1H (+20.8% y/y), accounting for 32.3% of Group revenue. Esotiq is developing its own e-commerce, marketplace sales and new ways of reaching customers. In June, the brand launched sales on TikTok Shop; since April, it has been developing influencer-driven sales (Metapic), while the partnership with Notino has broadened the brand’s product distribution.

The development of digital channels is also supported by Esotiq Club, which integrates in-store and online sales and enables more personalised communication with customers.

On the product side, the Group focuses on quality and on better aligning its collections with the sales performance of individual categories, models and lines. The premium segment is being expanded, including the Eva Minge x Esotiq line. In July, ESOTIQ was the strategic partner of Ewa Minge’s Paris show “Siedem Grzechów Współczesnych” (Seven Modern Sins), where selected lingerie pieces from the brand were featured in couture designs. The event supported the brand’s image-building activities and the positioning of its premium line.

The Company is investing in AI and making increasingly broad use of it across its operations – not only to optimise processes: in Q2 it also completed its first photo shoot produced entirely with artificial intelligence (Pocket Essentials line).

The Group is also developing its Bloovii and Henderson lines, including their presence in e-commerce and marketplace channels.

In international sales, the Group is primarily developing the channels with the highest growth potential. One of the priorities is expanding e-commerce sales in the Czech Republic and Slovakia. In parallel, the Group is developing cooperation with distribution partners in selected markets.

Following a strong July, in which Group revenue rose 9% y/y, August revenue amounted to approx. PLN 30.4m, down 5% y/y. At the same time, gross margin improved by 2 pp y/y, reflecting a focus on limiting price markdowns. Cumulatively, for the first eight months of 2026, Group revenue reached approx. PLN 224.8m (+7% y/y), including approx. PLN 74.3m from online sales (+17% y/y).

The Company will pay a dividend of PLN 3.00 per share, totalling PLN 5.87m. The dividend record date is 29 September, and the payment date is 17 December 2026.

– We are entering the most important part of the year in terms of sales. We are doing so with growing digital channels, a streamlined store network and an offering increasingly built on sales data and product quality. We launched on TikTok Shop as one of the first brands in Poland, and we continue to seek further opportunities for growth and expansion. In the coming months, we will continue to develop the areas that best respond to our customers’ needs and support the Group’s profitable growth – adds Julka Justyna Derdzikowska.

On a standalone basis, Esotiq & Henderson S.A. generated revenue of PLN 155.5m in 1H (+11.3% y/y), gross profit on sales of PLN 106.5m (+10.9% y/y) and EBIT of PLN 6.4m (+10.8% y/y). The Company’s net profit amounted to PLN 2.7m versus PLN 3.3m in the corresponding period of 2025, while in Q2 alone it rose to PLN 4.4m (+35.3% y/y).

Esotiq & Henderson S.A. is a company with over 25 years of experience, specialising in the design and sale of women’s and men’s lingerie and underwear.