Umicore stock follows H1 EBITDA growth of 33 percent

Umicore stock stood at EUR 21.70 on Euronext Brussels on September 22, 2026, 19.57 percent below its 52-week high of EUR 26.98. The company reported H1 2026 revenue of EUR 1.9 billion, up 7 percent year over year, while adjusted EBITDA rose 33 percent to EUR 577 million, according to Yahoo Finance.

EBITDA growth outpaces revenue

The H1 figures show a clear operating improvement. Adjusted EBITDA increased from the prior-year period by 33 percent, more than four times the 7 percent increase in revenue.

That difference lifted adjusted EBITDA margin to 30.2 percent, compared with 24 percent a year earlier. For investors, margin expansion is the more important signal because it shows that profit growth outpaced the top line during the first half of 2026.

Guidance moves above EUR 1 billion

Management upgraded adjusted EBITDA guidance for fiscal year 2026 to slightly more than EUR 1 billion. The previous outlook, issued in April 2026, called for group EBITDA to approach EUR 1 billion, with the updated view depending on stable metal prices and no major deterioration in the macroeconomic environment, according to Yahoo Finance.

Umicore's investor relations page lists adjusted EBITDA of EUR 847 million for fiscal year 2025, an adjusted EBITDA margin of 24 percent, return on capital employed of 15.7 percent and a net debt to adjusted EBITDA ratio of 1.60. Those historical figures provide a useful baseline for measuring the scale of the 2026 improvement, per the Umicore investor relations page.

Stock remains below yearly high

At EUR 21.70 on September 22, 2026, the stock was 19.57 percent below its 52-week high of EUR 26.98 and above the 52-week low of EUR 13.29. The next earnings date listed for Umicore is October 28, 2026.