The company reported first-half revenue growth driven by flavored shisha molasses sales, while adjusted EBITDA remained flat at $71.7 million.
AIR Global PLC posted a 3.7% increase in first-half revenue to $206.9 million, led by a 3.4% rise in flavored shisha molasses sales to $204.7 million. Gross profit climbed 2.4% to $116.8 million, though adjusted EBITDA held steady at $71.7 million year-over-year due to lower shipment volumes offset by U.S. tariff refunds.
The company maintained its 2026 guidance, projecting USD revenue growth of 4%–6% and low- to mid-single-digit adjusted EBITDA expansion. Shipment volumes are expected to stabilize compared to the prior year. Challenges included the closure of the Strait of Hormuz, a key route for 70% of historical shipments.
CEO Stuart Brazier cited resilience in the company’s global brands and organizational culture as factors behind the performance despite logistical disruptions.