AIR Global Q3 Revenue Rises 11.1% as Nine-Month Results Swing to a $74.2 Million Loss

AIR Global PLC posted third-quarter revenue of $99.8 million for the period ended Sept. 30, up 11.1% from a year earlier, while its results for the first nine months shifted from a profit to a $74.2 million loss.

Quarterly profit rose 13.8% to $7.6 million. Adjusted EBITDA, a non-IFRS measure, increased 7.7% to $30.9 million. Revenue growth reflected a 5.8% increase in shipment volume and a 5% gain from price and product mix as shipments recovered from supply disruptions in the first half.

Cost of sales increased 12.7% to $46.6 million amid higher logistics, material and factory-footprint costs. Gross margin was 53.3%, down from 54% a year earlier.

For the first nine months of 2026, revenue rose 6% to $306.7 million and Adjusted EBITDA increased 2.3% to $102.7 million. AIR Global posted a $74.2 million loss for the period, compared with a $38.7 million profit in the same period of 2025.

Items affecting the nine-month loss included $48.2 million in noncash listing expense tied to equity issued in the business combination and $47.7 million in cash costs related to the IPO.

AIR Global reiterated its 2026 outlook for revenue growth of 4% to 6% in U.S. dollars and low- to mid-single-digit growth in Adjusted EBITDA.