Codere Online swings to €5.6m H1 profit as revenue rises 18.4% to €124.7m
The online operator reported a net profit for the six months to June 2026 against a €3.1m loss a year earlier, helped by a swing in financial results.
Codere Online reported revenue of €124.711m for the six months to 30 June 2026, up 18.4% from €105.330m a year earlier, and a net profit of €5.585m against a loss of €3.146m. The figures come from unaudited interim condensed consolidated statements filed with the US Securities and Exchange Commission on 30 September 2026.
| Metric | H1 2026 | H1 2025 | Change |
|---|---|---|---|
| Revenue | €124.711m | €105.330m | +18.4% |
| Operating income | €5.292m | €3.007m | +76.0% |
| Net income/(loss) | €5.585m | (€3.146m) | Swing to profit |
| Basic EPS | €0.123 | (€0.069) | Swing to profit |
What drove it
The filing extract gives figures but no management commentary, so it does not state the reasons for the change. The statements show where the movement sits.
Operating expenses rose to €119.419m from €102.323m. Personnel expenses almost doubled, to €17.259m from €8.691m. Other operating expenses rose to €101.802m from €93.317m.
Financial results turned positive: net finance income was €1.581m, against net finance costs of €4.883m in the prior-year period. That swing of €6.464m accounts for most of the move from a pre-tax loss of €1.876m to a pre-tax profit of €6.873m. Income tax expense was €1.288m, little changed from €1.270m.
Currency translation differences reduced other comprehensive income by €1.840m, against a €605k gain a year earlier. Total comprehensive income was €3.745m.
Balance sheet
Cash and cash equivalents stood at €62.534m on 30 June 2026, up from €49.983m at 31 December 2025. Total equity rose to €38.339m from €28.698m. Current liabilities were €57.322m, of which trade payables and other current liabilities made up €54.131m.
Outlook
The extract contains no guidance.
Drafted with AI assistance from the company's official announcement or filing, fact-checked automatically against that source and reviewed by our editors before publication. How we work