K 
23.2
0.00%
Close of 6 Nov 2026, in ISK
At a glance
Figures in ISK, from our data supplier.
Revenue
ISK 5.59bn
FY2017FY2025
Net income
ISK 2.84bn
FY2017FY2025
Free cash flow
ISK 2.71bn
FY2017FY2025
Shareholders' equity
ISK 28.10bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ISK 5.59bn | ISK 4.51bn | ISK 3.22bn | ISK 1.72bn | ISK 232.9m | — | — | — | — |
| Gross profit | ISK 4.77bn | ISK 3.90bn | ISK 2.82bn | ISK 1.49bn | ISK 202.8m | — | — | — | — |
| Operating income | ISK 4.39bn | ISK 3.55bn | ISK 2.49bn | ISK 1.31bn | ISK 23.4m | −ISK 117.5m | −ISK 160.6m | −ISK 87.1m | −ISK 17.2m |
| Net income | ISK 2.84bn | ISK 3.23bn | ISK 3.16bn | ISK 1.97bn | ISK 1.15bn | ISK 370.5m | ISK 204.5m | ISK 388.4m | ISK 23.9m |
| Diluted earnings per share | 2.61 | 2.98 | 2.84 | 1.77 | 2.11 | 1.02 | 0.06 | 0.11 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | ISK 86.39bn | ISK 75.82bn | ISK 60.67bn | ISK 45.48bn | ISK 21.73bn | ISK 6.09bn | ISK 5.56bn | ISK 3.74bn | ISK 1.95bn |
| Cash and short-term investments | — | — | — | — | — | ISK 82.4m | ISK 120.0m | ISK 21.5m | ISK 4.3m |
| Total liabilities | ISK 58.28bn | ISK 49.88bn | ISK 37.46bn | ISK 24.77bn | ISK 13.38bn | ISK 1.45bn | ISK 1.37bn | ISK 485.8m | ISK 70.5m |
| Debt | ISK 43.63bn | ISK 37.75bn | ISK 22.66bn | ISK 18.77bn | ISK 8.73bn | ISK 1.37bn | ISK 1.20bn | ISK 310.6m | ISK 60.0m |
| Shareholders' equity | ISK 28.10bn | ISK 25.94bn | ISK 23.21bn | ISK 20.14bn | ISK 8.17bn | ISK 4.65bn | ISK 4.19bn | ISK 3.26bn | ISK 1.88bn |
| Shares outstanding | 1,086m | 1,086m | 1,113m | 1,113m | 546m | 364m | 3,575m | 3,642m | 3,642m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ISK 2.71bn | ISK 2.13bn | ISK 838.0m | ISK 386.0m | −ISK 77.9m | −ISK 222.1m | −ISK 125.5m | −ISK 50.0m | −ISK 6.6m |
| Capital spending | — | — | — | — | — | — | −ISK 685.0m | −ISK 110.8m | — |
| Free cash flow | ISK 2.71bn | ISK 2.13bn | ISK 838.0m | ISK 386.0m | −ISK 77.9m | −ISK 222.1m | −ISK 810.5m | −ISK 160.8m | −ISK 6.6m |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ISK 2.96bn | ISK 2.64bn | ISK 2.39bn | ISK 2.12bn | ISK 1.79bn | ISK 1.43bn | ISK 1.14bn | ISK 586.0m |
| Gross profit | ISK 2.54bn | ISK 2.25bn | ISK 2.10bn | ISK 1.83bn | ISK 1.59bn | ISK 1.24bn | ISK 1.03bn | ISK 459.3m |
| Operating income | ISK 2.33bn | ISK 2.06bn | ISK 1.87bn | ISK 1.45bn | ISK 1.44bn | ISK 1.16bn | ISK 960.8m | ISK 397.6m |
| Net income | ISK 1.43bn | ISK 1.40bn | ISK 1.32bn | ISK 1.91bn | ISK 1.52bn | ISK 1.64bn | ISK 656.2m | ISK 1.31bn |
| Diluted earnings per share | 1.32 | 1.22 | 1.20 | 1.60 | 1.23 | 1.47 | 0.74 | 1.78 |
| Cash from operations | ISK 2.02bn | ISK 695.0m | ISK 1.50bn | ISK 627.0m | ISK 485.0m | ISK 352.0m | ISK 283.0m | ISK 103.0m |
| Capital spending | — | — | −ISK 1.0m | — | — | — | — | — |
| Free cash flow | — | — | ISK 1.50bn | — | — | — | — | — |
| Total assets | ISK 86.39bn | ISK 80.92bn | ISK 75.82bn | ISK 66.86bn | ISK 60.67bn | ISK 52.53bn | ISK 45.48bn | ISK 31.60bn |
| Cash and short-term investments | — | — | — | — | ISK 1.83bn | ISK 1.66bn | ISK 2.28bn | ISK 642.7m |
| Debt | ISK 43.63bn | ISK 40.63bn | ISK 37.75bn | ISK 30.48bn | ISK 23.08bn | ISK 24.07bn | ISK 19.20bn | ISK 13.60bn |
| Shareholders' equity | ISK 28.10bn | ISK 27.34bn | ISK 25.79bn | ISK 25.24bn | ISK 23.21bn | ISK 21.78bn | ISK 20.14bn | ISK 13.05bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 48.1% | — | — |
| Operating income | 49.8% | — | — |
| Net income | 13.0% | 50.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 85.8% | 86.3% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 10.4 | 9.1 | 6.2 | 9.2 | 9.5 | 11.8 | 173.1 |
| Price to sales | 5.3 | 6.5 | 6.1 | 10.5 | 46.9 | — | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Mar 2026.
| FY2026 | |
|---|---|
| Paid in the year | 0.94 |
- 10-to-1 reverse split · 7 Nov 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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