Celsius (CELH) investor relations material

Executive summary

• Q2 2026 revenue reached $817.9M, up 11% year-over-year, driven by Alani Nu and Rockstar integration, while CELSIUS brand sales declined 11.7% due to SKU optimization and trade investments.

• Alani Nu generated $364.4M in Q2 sales (up 21% YoY), with strong demand and expanded distribution; Rockstar contributed $66.5M.

• Portfolio now includes two billion-dollar brands, representing about 20% U.S. RTD energy market share.

• Completed integration of Rockstar Energy and Alani Nu, advancing SKU optimization and retail execution.

• Portfolio contributed about 30% of the zero-sugar U.S. energy category's $640M growth in Q2.

Financial highlights

• Q2 2026 revenue: $817.9M (+11% YoY); H1 2026 revenue: $1.6B (+50% YoY).

• Q2 gross margin: 48.1% (down 340 bps YoY); Q2 adjusted EBITDA: $184.2M (22.5% margin, down 12% YoY); H1 adjusted EBITDA: $379.6M (+36% YoY).

• Q2 net income: $55.3M (down 45% YoY); net income attributable to common stockholders: $36.4M; diluted EPS: $0.14 (down 58% YoY); adjusted diluted EPS: $0.36 (down 23% YoY).

• Q2 SG&A expenses: $237.6M (29% of revenue, down from 32.2% YoY); adjusted SG&A: 28.6% of revenue.

• Cash and cash equivalents at June 30, 2026: $631.2M; net working capital: $832.3M.

Outlook and guidance

• Management expects margin expansion in the remainder of 2026 as integration and optimization initiatives mature, with international revenue targeted to exceed 15% of total revenue by 2031.

• Focus remains on assortment productivity, execution, and sustainable growth for the CELSIUS brand.

• Sufficient liquidity is anticipated for at least the next twelve months, supported by strong cash flows and available credit.

• Recent refinancing of term loan facility is expected to reduce borrowing costs and enhance financial flexibility.