Key Highlights
- Allegro shares surged up to 5.3% following an upgraded 2026 group GMV growth forecast to 13%-15%
- Second quarter consolidated GMV expanded 14.4%, while Adjusted EBITDA climbed 11.5% compared to the prior year
- The company’s international operations in Czechia, Slovakia and Hungary posted 85% GMV growth year-over-year in Q2
- International GMV expansion accelerated to approximately 100% year-over-year during Q3’s opening 10 weeks
- Polish operations are surpassing previous top-end projections, with group GMV growth running at close to 15% year-to-date
Shares of Allegro (ALEP) rose as much as 5.3% during Thursday trading before closing approximately 3.7% higher after the Polish online marketplace operator upgraded its full-year 2026 projections.
The revised outlook calls for group GMV expansion of 13%-15% and Adjusted EBITDA growth ranging from 13%-17% for the complete year.
Confirmed second quarter figures revealed consolidated GMV climbing 14.4% with Adjusted EBITDA advancing 11.5% year-over-year. Both metrics exceeded prior forecasts.
Within Poland, revenues increased 14.4% while Adjusted EBITDA grew 11.3% compared to last year. The expansion was fueled by logistics operations, financial products, advertising revenue, and pricing initiatives.
Polish GMV growth reached 12% year-over-year during Q2, outpacing nominal retail sales growth in the nation by more than three times.
International Operations Gain Traction
Allegro elevated its full-year Polish guidance to GMV growth of 11%-13% and Adjusted EBITDA expansion of 11%-14%, revised upward from earlier projections of 9%-11% and 7%-10% respectively.
Throughout its trio of international territories, GMV expanded 85% year-over-year in the second quarter. Management attributed this to enhanced customer satisfaction and deeper marketplace participation.
These international platforms now serve more than 25% of e-commerce shoppers and feature over 40 million active listings, with 90% offering prices below competitive alternatives.
In Czechia, the company’s primary foreign territory, offerings from local merchants increased nearly one-third year-over-year during Q2.
The initial 10 weeks of the third quarter witnessed international GMV growth accelerate to roughly 100% year-over-year, driving year-to-date group GMV growth to approximately 15%.
Chief Executive Marcin Kusmierz commented that the organization’s “engine is running on all cylinders in Q3,” with Polish GMV accelerating additionally and international platforms doubling versus last year.
Service Offerings and Infrastructure Growth
Allegro Pay represented 16.4% of second quarter GMV, while loan origination climbed 35% year-over-year to 4.5 billion zlotys.
Allegro Smart! membership exceeded 9 million users. Allegro Delivery currently encompasses more than 40,000 parcel lockers and nearly 35,000 collection points, including over 11,000 Allegro One Boxes.
The organization recently established a Shenzhen office to engage directly with regional merchants and maintain platform compliance standards in China.
Allegro targets concluding 2026 with international GMV approximately 2 billion zlotys higher than 2025 levels, anticipating international operations to reach break-even by 2029.
Discussions to extend its partnership with parcel locker provider InPost through 2031 are advancing. The proposed agreement would feature reduced delivery costs, a modified price indexation mechanism, and multi-year volume commitments.
Chief Financial Officer Jon Eastick will transition next month, with Katarzyna Ostap-Tomann assuming the role.
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