KTM parent Bajaj Mobility posts significant gains in first half of 2026

Bajaj Mobility AG, the Austrian-Indian group encompassing motorcycle brands like KTM, Husqvarna, and GASGAS, has announced a strong financial performance for the first half of 2026. Following a robust first quarter, the company reported a significant year-on-year increase in group revenue, which climbed by 65% to reach 704.1 million euros. This growth reflects a successful turnaround and expansion strategy for the company.

The company's financial recovery is further evidenced by its improved profitability metrics. EBITDA saw a substantial improvement, rising to 37.6 million euros from a negative 183.3 million euros in the previous year. Crucially, the Earnings Before Interest and Taxes (EBIT) turned positive in the second quarter, marking the first time this has occurred since the company underwent restructuring. The EBIT for the first half stood at minus 24.8 million euros, a significant improvement from minus 256.3 million euros in the prior year.

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In the second quarter, EBIT turned positive for the first time since the restructuring process.

Sales performance for the core motorcycle business was particularly strong. Revenue from KTM, Husqvarna, and GASGAS brands surged by 109.1% to 579.6 million euros in the first half. Unit sales for these brands increased by 91.9% to 89,004 units. Additionally, Bajaj Auto Ltd. sold another 58,568 motorcycles in India, bringing the total global sales for the group to 147,572 motorcycles in the first half of 2026.

Further positive indicators include an improved free cash flow, which rose to minus 22.1 million euros from minus 38.5 million euros in the same period last year. The company's equity stands at 339.9 million euros, with an equity ratio of 21.5%. Bajaj Mobility also reported a reduction in worldwide inventory levels for both the group and its dealers by 10,190 units since the beginning of the year, bringing stock to a "stable level."

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The worldwide inventories of motorcycles of the group and dealers have been reduced by 10,190 units since the beginning of the year and are now at a "stable level."