Continued growth for Icecat in H1-2026

The revenues of Icecat N.V. (ISIN: NL0012751226) have increased by 2% during the first six months (H1) of 2026 compared to the same period last year. The growth is still slow, whereby global uncertainties because of global trade tensions and wars appear to play a role. 

The gross profit increased over the same period by 2% as well. Given that the operating expenses decreased by 2%, the EBITDA could increase by 13%. The profits (EBT) increased similarly by 13% over this period, driven by both the improved EBITDA and higher financial income. The profitability (EBT/net turnover) improved by 13% as well. These earnings contribute to the already very solid cash position.

In conclusion, all key financial metrics of Icecat continued to show solid progress although we strife for higher growth levels..

We are in the middle of a full transformation into an AI-first company and delivered the first AI solutions to corporate clients and AI agents. Among others, we introduced AI workflow support in Icecat Studio, created an MCP-based support for Agentic Commerce in Icecat PIM, and introduced an AI support agent for Icecat clients. We expect that interest in our AI data services will strongly contribute to the relevance of Icecat in the AI age. At the same time, AI is a marathon, not a sprint.

This shows that Icecat continues to have a solid basis for future growth and efficiency gains, and that the investments in AI for operational efficiencies start to pay off.

In H1-2026, the global technology distributor Ingram Micro (#2 in the market), chose for Icecat, see: https://iceclog.com/ingram-micro-goes-global-with-icecat-what-this-means-for-vendors/ .
This strengthens Icecat leading position as a product data supplier in the global tech vertical.

Investments
During H1 2026, we participated in small refinancing rounds of NPEX and Wakuli. The impact of these transactions on our cash position are not material.

Icecat Interim H1 Report 2026