Orien Trade Reports Preliminary Q2 2026 Consolidated Financial Results
Orien Trade OÜ today publishes preliminary and unaudited consolidated financial results for the three months ended 30 June 2026. The group continued its growth trajectory, with reported revenue increasing by 66% year-on-year and reported EBITDA increasing by 49% year-on-year.
Financial Highlights
| Metric | Q2 2026 | Q2 2025 | Change |
| Reported revenue | EUR 58.9m | EUR 35.4m | +66.4% YoY |
| Reported EBITDA | EUR 11.2m | EUR 7.5m | +49.3% YoY |
| Adjusted EBITDA (for minority interests) | EUR 11.6m | EUR 7.3m | +58.9% YoY |
| LTM revenue | EUR 166.8m | — | — |
| LTM reported EBITDA | EUR 25.9m | — | — |
| LTM adjusted EBITDA (for minority interests) | EUR 26.1m | — | — |
| Leverage ratio (NIBD / LTM adjusted EBITDA) | 0.36x | — | — |
| Interest coverage ratio (LTM adjusted EBITDA / Net interest charges) | 24.8x | — | — |
| Cash and cash equivalents | EUR 42.4m | — | — |
| Cash Coverage of Factoring Liabilities (Cash and cash equivalents / Factoring liabilities) | 411.7% | — | — |
Balance sheet items are stated as at 30 June 2026.
Management Commentary
“Revenue increased 66% year on year in Q2 2026, demonstrating the continued strength of our European strategy. Q2 revenue alone exceeded our revenue for the entire year of 2024, illustrating how rapidly the business has scaled through disciplined channel expansion and a growing footprint across major European retailers.
Operational improvements lifted the EBITDA margin above the company’s normalized range in Q2 2026. Our medium-term EBITDA margin target of 13–18% remains unchanged. We are building a strong European platform focused on sustainable profitability and long-term retail partnerships,” said Madis-Marius Vahtre, Founder and CEO of Orien Trade.
Bond Listing
On 21 August 2026, Orien Trade OÜ’s EUR 40 million senior secured bond (ISIN: NO0013754622) was admitted to trading on Nasdaq Stockholm Transfer Market.
As of 30 June 2026, the company was in compliance with all maintenance covenants under the terms and conditions of the senior secured bonds.
About Orien Trade
Orien Trade is a leading European distributor of Asian beauty brands, working with more than 100 fast growing brands from Korea, Japan, and Vietnam, and over 300 leading retail partners across Europe. Its end-to-end platform combines market access, regulatory expertise, local commercial and marketing execution, and integrated logistics to help brands establish and scale strong, long-term positions across European markets. By bringing Asian beauty and wellness brands together with European retailers and consumers, Orien Trade delivers both fast business growth and disciplined brand building.
This announcement is a voluntary summary of preliminary results. The figures presented above are preliminary and unaudited. The company's first interim report under the bond terms and conditions will cover Q3 2026, and the Q3 2026 financial report is scheduled to be released on 30 November 2026.
For further information, please contact:
Anti Noor
Head of Investor Relations
Phone: +372 5665 7797
E-mail: anti.noor@orientrade.com
Web: orientrade.com