Żabka Aims for Record: Over 1,300 Stores to Open This Year

Żabka, the Polish convenience store chain, has announced robust financial performance for the first half of 2026, underscoring the success of its growth strategy. The company reported a 12.6% year-over-year increase in sales to end customers, reaching 16.616 billion Polish zloty (PLN). Consolidated revenues grew by 14.7% to PLN 14.7 billion. Tomasz Suchański, CEO of Żabka, highlighted the company's strong business model and financial stability, noting a double-digit increase in sales and accelerated growth in comparable store sales during the second quarter. He also emphasized the company's consistent debt reduction efforts. "The consistent reduction of debt shows the strength of our business and stable financial situation," Suchański stated. Żabka is aggressively expanding its network, having opened 778 new stores in Poland and Romania during the first half of the year. This expansion brings the total number of locations to 13,063, an increase of 10.8% compared to the previous year. The company aims to open over 1,300 new stores in 2026 and plans to reach approximately 16,000 stores by the end of 2028, exceeding its initial IPO targets. Adjusted EBITDA saw a significant increase of over 15% in the first half, reaching PLN 1.9 billion. In the second quarter alone, adjusted EBITDA rose by 16.2% to over PLN 1.2 billion. The company's net profit in the second quarter was PLN 322 million, a nearly 68% increase year-over-year. Żabka maintains its forecast that adjusted EBITDA margin will remain in the upper range of 12-13%.

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In the first half of the year, we once again confirmed the strength and resilience of the group's business model. We achieved double-digit growth in sales to the end customer, in the second quarter alone we accelerated the pace of comparable sales growth, expanded our network according to plan, and continued to improve profitability.