Revenue and earnings rise as Shelly Group expands its installer network, distribution channels and product portfolio
Shelly Group continued to grow in the first six months of 2026, with revenue and earnings increasing compared with the same period last year.
Revenue increased by 26.5% to EUR 68.3 million, while EBIT grew by 45.6% to EUR 17.7 million. Net profit rose by 51.4% to EUR 15.4 million. Free cash flow reached EUR 19.1 million, compared with EUR 4.2 million in the first six months of 2025. Shelly Group confirmed its full-year 2026 guidance.
The installer network grew to 8,600 members, while the Shelly Cloud user base reached 2.9 million active users. Shelly Group also signed an agreement with a new pan-European broadline distributor, expanding its sales channels and access to additional markets.
During the first half of 2026, Shelly Group expanded its portfolio with several new products. The Pro Circuit Breaker, LOQED Pure Smart Lock and Flood Sensor were launched in the second quarter, following the introduction of Shelly Plug M and BLU Presence Sensor in the first quarter. Additional products planned for the second half of 2026 include an Indoor Camera, an AI-powered Outdoor Camera, a Mini Circuit Breaker series and an affordable entry-level series of smart Thermostatic Radiator Valves.
With continued product launches, expansion of its installer network and broader international distribution, Shelly Group expects growth to remain more heavily weighted toward the second half of 2026.