Pet Service Holding Reports Improved Half-Year Results and Future Growth Plans

Pet Service Holding NV has announced its financial results for the first half of 2026, revealing a revenue growth despite regulatory challenges. The company reported a turnover of €7.4 million, with a 7.4% increase in sales. The gross margin also improved to 35% from the previous year's 33%. However, the group EBITDA remained negative at €226,000, with a net loss of €908,000, due to various expenses.

The company plans to raise up to €4 million in equity to support its goal of achieving €50 million in revenue by 2029-2030. A proposed private placement and bond conversion aim to restore a positive equity of €3.7 to €4.2 million. Additionally, PSH is pursuing legal claims worth over €2 million related to alleged misrepresentations from the sellers of Asklepios B.V.

Strategic growth efforts include the expansion of the Budget Pets retail chain and leveraging five business pillars, expecting a substantial revenue increase by 2027.