R 
110
-0.90%
Close of 6 Nov 2026, in ISK
At a glance
Figures in ISK, from our data supplier.
Revenue
ISK 18.21bn
FY2016FY2025
Net income
ISK 11.08bn
FY2016FY2025
Free cash flow
ISK 7.75bn
FY2016FY2025
Shareholders' equity
ISK 79.10bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ISK 18.21bn | ISK 16.44bn | ISK 15.11bn | ISK 13.48bn | ISK 11.85bn | ISK 10.69bn | ISK 11.72bn | ISK 11.42bn | ISK 10.78bn | ISK 10.04bn |
| Gross profit | ISK 13.24bn | ISK 12.01bn | ISK 10.98bn | ISK 9.89bn | ISK 8.43bn | ISK 7.38bn | ISK 8.31bn | ISK 8.23bn | ISK 7.90bn | ISK 7.47bn |
| Operating income | ISK 23.73bn | ISK 10.97bn | ISK 10.15bn | ISK 9.16bn | ISK 7.74bn | ISK 6.75bn | ISK 7.67bn | ISK 7.61bn | ISK 7.30bn | ISK 6.92bn |
| Net income | ISK 11.08bn | ISK 15.27bn | ISK 7.50bn | ISK 673.0m | ISK 7.58bn | ISK 1.95bn | ISK 3.32bn | ISK 110.0m | ISK 5.67bn | ISK 2.42bn |
| Diluted earnings per share | 16.18 | 21.78 | 10.39 | 0.86 | 9.74 | 2.50 | 4.27 | 0.14 | 7.28 | 3.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ISK 256.06bn | ISK 231.37bn | ISK 193.38bn | ISK 174.88bn | ISK 171.12bn | ISK 156.49bn | ISK 151.64bn | ISK 143.70bn | ISK 140.56bn | ISK 134.03bn |
| Total liabilities | ISK 176.96bn | ISK 158.94bn | ISK 133.11bn | ISK 118.78bn | ISK 112.41bn | ISK 103.66bn | ISK 104.00bn | ISK 96.78bn | ISK 91.27bn | ISK 87.88bn |
| Debt | ISK 132.10bn | ISK 123.03bn | ISK 98.38bn | ISK 88.03bn | ISK 84.94bn | ISK 80.13bn | ISK 85.30bn | ISK 84.32bn | ISK 77.49bn | ISK 76.22bn |
| Shareholders' equity | ISK 79.10bn | ISK 72.43bn | ISK 60.27bn | ISK 56.10bn | ISK 58.72bn | ISK 52.83bn | ISK 47.64bn | ISK 46.91bn | ISK 49.28bn | ISK 46.16bn |
| Shares outstanding | 685m | 701m | 722m | 778m | 778m | 778m | 778m | 778m | 778m | 778m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ISK 7.75bn | ISK 7.04bn | ISK 7.02bn | ISK 6.36bn | ISK 4.48bn | ISK 2.80bn | ISK 4.46bn | ISK 4.06bn | ISK 4.69bn | ISK 4.40bn |
| Free cash flow | ISK 7.75bn | ISK 7.04bn | ISK 7.02bn | ISK 6.36bn | ISK 4.48bn | ISK 2.80bn | ISK 4.46bn | ISK 4.06bn | ISK 4.69bn | ISK 4.40bn |
| Dividends paid | −ISK 2.57bn | −ISK 1.46bn | −ISK 1.40bn | −ISK 1.32bn | −ISK 778.0m | −ISK 1.09bn | −ISK 1.12bn | −ISK 1.06bn | −ISK 1.04bn | −ISK 1.04bn |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ISK 4.81bn | ISK 4.81bn | ISK 4.63bn | ISK 4.47bn | ISK 4.30bn | ISK 4.32bn | ISK 4.18bn | ISK 4.02bn |
| Gross profit | ISK 3.49bn | ISK 3.63bn | ISK 3.39bn | ISK 3.16bn | ISK 3.06bn | ISK 3.20bn | ISK 3.04bn | ISK 2.93bn |
| Operating income | ISK 3.13bn | — | — | ISK 2.87bn | ISK 2.72bn | ISK 2.93bn | ISK 2.80bn | ISK 2.70bn |
| Net income | ISK 858.0m | ISK 5.32bn | ISK 2.99bn | ISK 1.68bn | ISK 1.09bn | ISK 4.89bn | ISK 1.12bn | ISK 6.72bn |
| Diluted earnings per share | 1.25 | 7.76 | 4.35 | 2.42 | 1.58 | 6.98 | 1.60 | 9.58 |
| Cash from operations | ISK 1.94bn | ISK 1.95bn | ISK 2.08bn | ISK 2.42bn | ISK 1.30bn | ISK 1.65bn | ISK 1.25bn | ISK 2.18bn |
| Total assets | ISK 261.06bn | ISK 256.06bn | ISK 248.77bn | ISK 238.74bn | ISK 235.89bn | ISK 231.37bn | ISK 217.99bn | ISK 212.44bn |
| Debt | ISK 136.11bn | ISK 132.10bn | ISK 137.10bn | ISK 130.26bn | ISK 125.63bn | ISK 123.03bn | ISK 116.46bn | ISK 112.11bn |
| Shareholders' equity | ISK 76.92bn | ISK 79.10bn | ISK 74.19bn | ISK 71.71bn | ISK 73.07bn | ISK 72.43bn | ISK 67.50bn | ISK 66.38bn |
Financial ratios
Data as of 10 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 72.7% | 73.0% | 72.7% | 73.4% | 71.2% | 69.1% |
| Operating margin | 130.2% | 66.7% | 67.2% | 68.0% | 65.4% | 63.2% |
| Net margin | 60.8% | 92.8% | 49.7% | 5.0% | 64.0% | 18.2% |
| Return on equity | 14.0% | 21.1% | 12.5% | 1.2% | 12.9% | 3.7% |
| Return on assets | 4.3% | 6.6% | 3.9% | 0.4% | 4.4% | 1.2% |
| Revenue growth | 10.8% | 8.8% | 12.1% | 13.8% | 10.9% | -8.9% |
| Earnings growth | -27.4% | 103.4% | 1015.0% | -91.1% | 289.5% | -41.4% |
| Current ratio | 0.24x | 0.56x | 0.27x | 0.18x | 0.37x | 0.62x |
| Debt to equity | 1.67x | 1.70x | 1.63x | 1.57x | 1.45x | 1.52x |
| Equity ratio | 30.9% | 31.3% | 31.2% | 32.1% | 34.3% | 33.8% |
| Interest coverage | 2.44x | 1.17x | 0.92x | 3.14x | 2.78x | 1.08x |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.6% | 11.3% | 7.4% |
| Operating income | 37.3% | 28.6% | 14.1% |
| Net income | 154.4% | 41.6% | 4.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 72.8% | 72.9% | 72.2% | 72.6% |
| Operating margin | 100.1% | 85.4% | 79.9% | 75.3% |
| Net margin | 76.0% | 54.6% | 51.4% | 45.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.0 | 5.4 | 8.1 | 103.5 | 8.7 | 28.3 | 17.1 | — | 11.8 | 30.1 |
| Price to sales | 4.8 | 5.0 | 4.0 | 5.2 | 5.6 | 5.2 | 4.8 | 5.0 | 6.2 | 7.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 16 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 3.90 | 3.70 | 2.05 | 1.89 | 1.73 | 1.00 | 1.65 | 1.62 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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