Kinepolis Group reported a 32.6% year-over-year revenue increase to EUR 342 million in the first half of 2026, driven by a 33.8% rise in visitors and higher per-visitor spending. The Belgian cinema operator’s net profit surged to EUR 28.1 million from EUR 8.8 million in H1 2025, while adjusted EBITDA climbed 71.2% to EUR 82.5 million.
Total visitors reached 19.1 million, with France and Spain posting visitor growth of 25.1% and 30%, respectively. The U.S. market expanded by 147% following the integration of Emagine’s 14 theaters in February, contributing 4.5 months of revenue. In-theater sales rose 38.5% to EUR 115.2 million, while box office revenue totaled EUR 182.3 million.
Earnings per visitor climbed to EUR 4.24 from EUR 3.38, and EBITDA per visitor increased to EUR 4.24 from EUR 3.38. CEO Eddy Duquaine noted that revenue per visitor was up one-third, while EBITDA levels matched the record set in 2019. The company expects full-year capital expenditures to roughly double the H1 figure, reaching EUR 44-45 million, with annual interest expenses projected at EUR 50 million.
A EUR 225 million bond maturing in December 2026 is fully covered by existing liquidity, management said. The stock rose 5.58% to USD 44.50, nearing its 52-week high of USD 44.75. Analyst Fernand de Boer of Degroof Petercam highlighted the smooth integration of MJR Theatres and Kinepolis operations during the call.
