The results for the first nine months of 2026 reflected pressure on commercial margins in a difficult market environment. EBITDA stood at RON 101 million, down 22% compared to the same period in 2025, mainly as a result of the decline in gross margin. The net result was affected by both this development and an increase of approximately RON 13.6 million in depreciation and amortization expenses, associated with investments in transport vehicles and logistics infrastructure
“2026 is a year in which operational discipline and the capacity to adapt matter more than ever. The market in which we operate is going through a difficult period, with pressure on costs and margins, but we have continued to invest in the areas we consider essential for AQUILA’s long-term development: logistics infrastructure, operational efficiency, and own brands. This month marks five years since AQUILA’s listing on the Bucharest Stock Exchange. During this period, we have invested in expanding and modernizing our operations, made strategic acquisitions, and strengthened our regional presence. We look at the next stage of development with the same long-term approach, focusing on strengthening the business, improving profitability and creating value for shareholders,” stated Cătălin Vasile, Aquila CEO.
In the first nine months of 2026, distribution revenues increased by 2%, logistics revenues by 7%, and the transport segment recorded a 16% increase. The growth in distribution revenues was mainly supported by the positive performance of the traditional retail +13%, HoReCa +2%, and gas station +1% channels, which offset the 18% decline recorded in the organized retail channel.
Own brands continue to be one of AQUILA’s commercial development directions, reaching a portfolio of over 140 items, addressed to various consumer needs. In the first nine months of 2026, they generated sales of over RON 123 million, an increase of 17% compared to the same period of the previous year. Growth was supported by both product categories in the portfolio. Own non-food brands registered an advance of 48%, while the food category increased by 12%.
In 2026, AQUILA continued to modernize its logistics infrastructure through investments of approximately RON9 million in relocating its operations in Bacău and Constanța to two new logistics centers.
(English version by Catalina Apostoiu)