H 
120
-1.64%
Close of 6 Nov 2026, in ISK
At a glance
Figures in ISK, from our data supplier.
Revenue
ISK 197.04bn
FY2017FY2026
Net income
ISK 7.39bn
FY2017FY2026
Free cash flow
ISK 7.37bn
FY2017FY2026
Shareholders' equity
ISK 42.81bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ISK 197.04bn | ISK 180.34bn | ISK 173.27bn | ISK 161.99bn | ISK 135.76bn | ISK 119.58bn | ISK 116.36bn | ISK 84.18bn | ISK 73.89bn | ISK 80.52bn |
| Gross profit | ISK 49.12bn | ISK 41.10bn | ISK 35.99bn | ISK 30.99bn | ISK 28.44bn | ISK 26.52bn | ISK 25.81bn | ISK 20.01bn | ISK 18.32bn | ISK 19.99bn |
| Operating income | ISK 12.60bn | ISK 8.69bn | ISK 7.64bn | ISK 6.20bn | ISK 5.54bn | ISK 4.20bn | ISK 4.68bn | ISK 3.24bn | ISK 3.08bn | ISK 4.96bn |
| Net income | ISK 7.39bn | ISK 7.03bn | ISK 5.04bn | ISK 4.95bn | ISK 3.99bn | ISK 2.52bn | ISK 3.05bn | ISK 2.32bn | ISK 2.39bn | ISK 4.04bn |
| Diluted earnings per share | 6.79 | 6.40 | 4.65 | 4.16 | 3.50 | 2.16 | 2.57 | 1.91 | 2.17 | 3.50 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ISK 115.25bn | ISK 105.04bn | ISK 78.17bn | ISK 72.01bn | ISK 65.19bn | ISK 61.65bn | ISK 62.71bn | ISK 50.85bn | ISK 29.38bn | ISK 30.11bn |
| Total liabilities | ISK 72.47bn | ISK 66.55bn | ISK 49.22bn | ISK 44.08bn | ISK 38.47bn | ISK 36.46bn | ISK 38.12bn | ISK 26.57bn | ISK 11.43bn | ISK 12.70bn |
| Debt | ISK 14.35bn | ISK 17.14bn | ISK 11.29bn | ISK 11.83bn | ISK 11.72bn | ISK 9.37bn | ISK 12.18bn | ISK 13.03bn | ISK 2.99bn | ISK 3.75bn |
| Shareholders' equity | ISK 42.81bn | ISK 38.52bn | ISK 28.95bn | ISK 27.93bn | ISK 26.73bn | ISK 25.19bn | ISK 24.59bn | ISK 24.28bn | ISK 17.96bn | ISK 17.41bn |
| Shares outstanding | 1,088m | 1,098m | 1,084m | 1,190m | 1,139m | 1,165m | 1,189m | 1,213m | 1,103m | 1,153m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ISK 13.04bn | ISK 11.11bn | ISK 8.69bn | ISK 9.14bn | ISK 7.41bn | ISK 6.63bn | ISK 9.83bn | ISK 2.88bn | ISK 2.94bn | ISK 5.82bn |
| Capital spending | −ISK 5.67bn | −ISK 4.65bn | −ISK 4.66bn | −ISK 2.21bn | −ISK 1.65bn | −ISK 2.04bn | −ISK 2.14bn | −ISK 1.20bn | −ISK 2.37bn | −ISK 1.23bn |
| Free cash flow | ISK 7.37bn | ISK 6.46bn | ISK 4.03bn | ISK 6.93bn | ISK 5.76bn | ISK 4.59bn | ISK 7.69bn | ISK 1.68bn | ISK 571.0m | ISK 4.60bn |
| Dividends paid | −ISK 2.50bn | −ISK 2.52bn | −ISK 2.48bn | −ISK 2.27bn | −ISK 1.47bn | −ISK 1.47bn | −ISK 1.16bn | −ISK 1.13bn | −ISK 1.13bn | −ISK 1.99bn |
Latest quarters
By quarter end
| Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | Aug 2024 | May 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ISK 48.04bn | ISK 49.07bn | ISK 51.82bn | ISK 48.12bn | ISK 46.04bn | ISK 43.66bn | ISK 46.58bn | ISK 44.07bn |
| Gross profit | ISK 12.30bn | ISK 12.34bn | ISK 12.87bn | ISK 11.62bn | ISK 11.51bn | ISK 9.88bn | ISK 10.17bn | ISK 9.54bn |
| Operating income | ISK 1.37bn | ISK 2.95bn | ISK 3.94bn | ISK 2.59bn | ISK 1.71bn | ISK 2.37bn | ISK 2.78bn | ISK 1.83bn |
| Net income | ISK 1.98bn | ISK 1.69bn | ISK 2.56bn | ISK 1.16bn | ISK 3.07bn | ISK 1.39bn | ISK 1.72bn | ISK 850.0m |
| Diluted earnings per share | 1.82 | 1.55 | 1.93 | 1.06 | 2.79 | 1.28 | 1.59 | 0.78 |
| Cash from operations | ISK 618.0m | ISK 3.24bn | ISK 3.78bn | ISK 5.40bn | ISK 2.86bn | ISK 2.69bn | ISK 1.67bn | ISK 3.89bn |
| Capital spending | −ISK 1.61bn | −ISK 1.65bn | −ISK 1.13bn | −ISK 1.29bn | −ISK 2.66bn | −ISK 1.00bn | −ISK 605.0m | −ISK 677.0m |
| Free cash flow | −ISK 989.0m | ISK 1.59bn | ISK 2.65bn | ISK 4.11bn | ISK 200.0m | ISK 1.69bn | ISK 1.06bn | ISK 3.21bn |
| Total assets | ISK 115.25bn | ISK 118.79bn | ISK 108.22bn | ISK 108.22bn | ISK 105.04bn | ISK 83.89bn | ISK 80.97bn | ISK 81.54bn |
| Cash and short-term investments | — | — | ISK 4.90bn | — | — | — | — | — |
| Debt | ISK 14.35bn | ISK 14.57bn | ISK 32.49bn | ISK 17.14bn | ISK 17.14bn | ISK 13.76bn | ISK 11.31bn | ISK 11.33bn |
| Shareholders' equity | ISK 42.81bn | ISK 41.41bn | ISK 39.33bn | ISK 39.70bn | ISK 38.52bn | ISK 29.67bn | ISK 28.28bn | ISK 29.04bn |
Financial ratios
Data as of 8 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 24.9% | 22.8% | 20.8% | 19.1% | 20.9% | 22.2% |
| Operating margin | 6.4% | 4.8% | 4.4% | 3.8% | 4.1% | 3.5% |
| Net margin | 3.8% | 3.9% | 2.9% | 3.1% | 2.9% | 2.1% |
| Return on equity | 17.3% | 18.2% | 17.4% | 17.7% | 14.9% | 10.0% |
| Return on assets | 6.4% | 6.7% | 6.5% | 6.9% | 6.1% | 4.1% |
| Revenue growth | 9.3% | 4.1% | 7.0% | 19.3% | 13.5% | 2.8% |
| Earnings growth | 5.1% | 39.4% | 1.9% | 24.0% | 58.2% | -17.4% |
| Current ratio | 0.75x | 0.78x | 0.82x | 0.94x | 1.15x | 0.77x |
| Debt to equity | 0.34x | 0.44x | 0.39x | 0.42x | 0.44x | 0.37x |
| Equity ratio | 37.1% | 36.7% | 37.0% | 38.8% | 41.0% | 40.9% |
| Interest coverage | 3.23x | 2.65x | 2.70x | 2.99x | 3.75x | 2.88x |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.7% | 10.5% | 9.7% |
| Operating income | 26.7% | 24.6% | 9.8% |
| Net income | 14.3% | 24.0% | 7.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 23.9% | 22.1% | 21.9% | 22.5% |
| Operating margin | 5.6% | 4.9% | 4.6% | 4.7% |
| Net margin | 3.8% | 3.4% | 3.2% | 3.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.5 | 18.3 | 22.8 | 19.2 | 20.8 | 31.2 | 23.4 | 22.9 | 21.5 | 10.2 |
| Price to sales | 0.7 | 0.7 | 0.7 | 0.6 | 0.6 | 0.7 | 0.6 | 0.6 | 0.7 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 22 May 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 3.03 | 2.28 | 2.33 | 2.24 | 2.00 | 1.27 | 0.955 | 1.024 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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