Jeronimo Martins stock falls 1.80 percent on September 23

Jeronimo Martins stock fell 1.80 percent to EUR 17.97 on Euronext Lisbon on September 23, 2026. The move followed a first-half performance in which sales expanded faster than profit, sharpening the contrast between operating growth and financial pressure.

Sales growth outpaces profit

The company reported H1 2026 net sales and services of EUR 18.28 billion, a 5.1 percent increase from the prior-year period, according to Bitget on September 2, 2026. EBITDA rose 7.6 percent to EUR 1.24 billion, lifting the margin by 0.2 percentage points to 6.8 percent.

The company investor page lists the first-half 2026 results release for July 29, 2026, with the report covering the six months ended June 30, 2026, as shown by Jeronimo Martins.

Profit pressure remains visible

Net profit declined 3.3 percent year over year to EUR 260 million, while earnings per share slipped 3.5 percent to EUR 0.41 in H1 2026, Bitget reported. Net financial costs increased 22.7 percent to EUR 193 million, and net debt stood at EUR 4.43 billion at the end of June.

Biedronka, the group's largest business, generated sales of EUR 12.6 billion, up 1.7 percent, while its EBITDA margin reached 8 percent. The figures show that sales scale and operating efficiency are still supporting EBITDA, but financing costs and weaker profit conversion are limiting the bottom line.

Stock gives back ground

Jeronimo Martins stock stood at a closing price of EUR 17.97 on Euronext Lisbon on September 23, 2026, down 1.80 percent for the session. The price reaction leaves the market weighing 5.1 percent sales growth against a 3.3 percent decline in first-half net profit.