E 
14.1
0.00%
Close of 6 Nov 2026, in ISK
At a glance
Figures in ISK, from our data supplier.
Revenue
ISK 11.74bn
FY2016FY2025
Net income
ISK 5.49bn
FY2016FY2025
Free cash flow
ISK 4.92bn
FY2016FY2025
Shareholders' equity
ISK 54.76bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ISK 11.74bn | ISK 10.71bn | ISK 10.49bn | ISK 17.92bn | ISK 8.08bn | ISK 7.72bn | ISK 8.05bn | ISK 7.57bn | ISK 7.17bn | ISK 6.35bn |
| Gross profit | ISK 7.15bn | ISK 6.63bn | ISK 6.57bn | ISK 14.54bn | ISK 5.17bn | ISK 5.36bn | ISK 5.46bn | ISK 5.14bn | ISK 4.95bn | ISK 4.49bn |
| Operating income | ISK 7.81bn | ISK 7.24bn | ISK 7.14bn | ISK 16.64bn | ISK 5.62bn | ISK 5.16bn | ISK 4.92bn | ISK 4.66bn | ISK 4.85bn | ISK 4.03bn |
| Net income | ISK 5.49bn | ISK 6.48bn | ISK 5.85bn | ISK 8.00bn | ISK 4.93bn | ISK 846.0m | ISK 2.97bn | ISK 2.52bn | ISK 3.70bn | ISK 3.65bn |
| Diluted earnings per share | 1.62 | 1.91 | 1.71 | 2.34 | 1.44 | 0.25 | 0.87 | 0.73 | 1.07 | 2.43 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ISK 182.36bn | ISK 156.25bn | ISK 141.63bn | ISK 128.65bn | ISK 114.93bn | ISK 106.05bn | ISK 102.59bn | ISK 96.72bn | ISK 91.10bn | ISK 79.56bn |
| Total liabilities | ISK 127.60bn | ISK 103.59bn | ISK 92.61bn | ISK 84.91bn | ISK 77.44bn | ISK 72.85bn | ISK 70.04bn | ISK 65.83bn | ISK 61.86bn | ISK 53.19bn |
| Debt | ISK 94.39bn | ISK 78.98bn | ISK 67.18bn | ISK 64.29bn | ISK 60.06bn | ISK 60.50bn | ISK 59.78bn | ISK 56.44bn | ISK 54.83bn | ISK 47.32bn |
| Shareholders' equity | ISK 54.76bn | ISK 52.66bn | ISK 49.02bn | ISK 43.74bn | ISK 37.48bn | ISK 33.20bn | ISK 32.55bn | ISK 30.90bn | ISK 29.24bn | ISK 26.37bn |
| Shares outstanding | 3,393m | 3,393m | 3,415m | 3,415m | 3,415m | 3,415m | 3,423m | 3,456m | 3,456m | 1,498m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ISK 4.92bn | ISK 4.88bn | ISK 6.32bn | ISK 4.07bn | ISK 3.49bn | ISK 1.86bn | ISK 3.10bn | ISK 2.91bn | ISK 2.62bn | ISK 2.68bn |
| Capital spending | — | — | — | −ISK 73.0m | −ISK 100.0m | −ISK 49.0m | −ISK 326.0m | −ISK 326.0m | −ISK 326.0m | −ISK 31.0m |
| Free cash flow | ISK 4.92bn | ISK 4.88bn | ISK 6.32bn | ISK 3.99bn | ISK 3.39bn | ISK 1.81bn | ISK 2.78bn | ISK 2.58bn | ISK 2.29bn | ISK 2.65bn |
| Dividends paid | −ISK 3.39bn | −ISK 2.54bn | −ISK 2.00bn | −ISK 1.74bn | −ISK 650.0m | −ISK 650.0m | −ISK 1.02bn | −ISK 913.0m | −ISK 928.0m | −ISK 818.0m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ISK 3.09bn | ISK 3.76bn | ISK 3.30bn | ISK 2.63bn | ISK 2.59bn | ISK 3.38bn | ISK 2.52bn | ISK 2.44bn |
| Gross profit | ISK 2.02bn | ISK 2.63bn | ISK 2.17bn | — | ISK 1.68bn | ISK 2.23bn | — | — |
| Operating income | ISK 2.19bn | ISK 2.12bn | ISK 2.09bn | ISK 1.83bn | ISK 1.81bn | ISK 1.79bn | ISK 1.97bn | ISK 1.77bn |
| Net income | ISK 977.0m | ISK 1.69bn | ISK 424.0m | ISK 2.01bn | ISK 1.37bn | ISK 3.15bn | ISK 528.0m | ISK 747.0m |
| Diluted earnings per share | 0.29 | 0.50 | 0.13 | 0.59 | 0.40 | 0.93 | 0.15 | 0.22 |
| Cash from operations | ISK 1.47bn | ISK 1.17bn | — | ISK 863.0m | ISK 1.08bn | ISK 1.32bn | ISK 1.79bn | ISK 751.0m |
| Capital spending | — | — | — | — | — | — | −ISK 8.0m | — |
| Free cash flow | — | — | — | — | — | — | ISK 1.78bn | — |
| Total assets | ISK 186.14bn | ISK 182.36bn | ISK 163.35bn | ISK 162.35bn | ISK 160.89bn | ISK 156.25bn | ISK 150.15bn | ISK 147.75bn |
| Cash and short-term investments | — | — | ISK 3.71bn | — | — | — | — | — |
| Debt | ISK 85.98bn | ISK 94.39bn | ISK 79.52bn | ISK 81.90bn | ISK 81.24bn | ISK 78.98bn | ISK 80.16bn | ISK 74.97bn |
| Shareholders' equity | ISK 55.74bn | ISK 54.76bn | ISK 53.07bn | ISK 52.65bn | ISK 54.03bn | ISK 52.66bn | ISK 49.81bn | ISK 49.28bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.2% | 8.7% | 7.1% |
| Operating income | -22.3% | 8.7% | 6.3% |
| Net income | -11.8% | 45.4% | 1.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 61.4% | 68.6% | 68.1% | 68.8% |
| Operating margin | 67.0% | 76.4% | 74.4% | 71.1% |
| Net margin | 53.3% | 50.8% | 47.4% | 48.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.5 | 7.4 | 6.8 | 5.0 | 8.5 | 37.4 | 9.5 | 11.4 | 9.5 | 4.4 |
| Price to sales | 4.0 | 4.5 | 3.8 | 2.3 | 5.2 | 4.1 | 3.5 | 3.8 | 4.9 | 2.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 2 Oct 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.10 | 1.00 | 0.74 | 0.59 | 0.51 | 0.19 | 0.294 | 0.264 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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