Slides
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31 October 2025 Ásta S. Fjeldsted Magnús Kr. Ingason Presentation of Q3 2025 results
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2 • Quarterly highlights Q3 results 2025 • Q3 results 2025 Position and outlook • Position and outlook Spotlight – Lyfja • Spotlight – Lyfja
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Consolidated highlights Q3 2025 Key points: • The quarter's operations performed well, and results exceeded management’s expectations. • Quarterly product sales increased by 6.4%, and the gross margin on product sales rose by 11.3%. • Quarterly EBITDA increased by 12.2% year-on-year. • Strong cash flow. Net cash from operating activities ISK 6.7 bn. • Q3 2025 results confirm the continued momentum of Festi’s subsidiaries in their markets. ISK 35.1 bn. ISK 37.3 bn. ISK 44.3 bn. ISK 47.1 bn. ISK 0 bn. ISK 10 bn. ISK 20 bn. ISK 30 bn. ISK 40 bn. ISK 50 bn. Q3 2022 Q3 2023 Q3 2024 Q3 2025 Sale of goods and services ISK 47.1 bn. +6.4% YoY 20.1% 23.0% 24.5% 25.6% 0% 5% 10% 15% 20% 25% 30% Q3 2022 Q3 2023 Q3 2024 Q3 2025 Margin from sale 25.6% +1.1 p.p. YoY 46.8% 42.9% 44.6% 43.3% 0% 10% 20% 30% 40% 50% Q3 2022 Q3 2023 Q3 2024 Q3 2025 Salaries/Margin from sale 43.3% -1.3 p.p. YoY ISK 3.1 bn. ISK 3.9 bn. ISK 4.7 bn. ISK 5.3 bn. ISK 0.0 bn. ISK 0.8 bn. ISK 1.5 bn. ISK 2.3 bn. ISK 3.0 bn. ISK 3.8 bn. ISK 4.5 bn. ISK 5.3 bn. ISK 6.0 bn. Q3 2022 Q3 2023 Q3 2024 Q3 2025 EBITDA ISK 5.3 bn. +12.2% YoY 43.4% 45.5% 43.8% 44.1% 0% 10% 20% 30% 40% 50% Q3 2022 Q3 2023 Q3 2024 Q3 2025 EBITDA/Margin from sale 44.1% +0.3 p.p. YoY ISK 1.3 bn. ISK 3.4 bn. ISK 4.6 bn. ISK 6.7 bn. ISK 0.0 bn. ISK 1.0 bn. ISK 2.0 bn. ISK 3.0 bn. ISK 4.0 bn. ISK 5.0 bn. ISK 6.0 bn. ISK 7.0 bn. Q3 2022 Q3 2023 Q3 2024 Q3 2025 Cash from operating activities ISK 6.7 bn. +43.5% YoY
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Number of customer transactions Items sold Liters sold +2.4% Q3 2024 Q3 2025 +7.9% Q3 2024 Q3 2025 +5.2% Q3 2024 Q3 2025 Number of customers and sales increases in Q3 YoY 4 2024 2025 +13.5% Q3 2024 Q3 2025 Digital solution transactions
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Domestic card turnover Foreign card turnover Increase in both domestic and foreign card turnover +14.1% Q3 2024 Q3 2025 +5.1% Q3 2024 Q3 2025 5 2024 2025
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Sale of share in Malik, buyback program and cold storage facility 6 6 • In mid-October, the company's 24% share in Malik Supply A/S, Denmark was sold for approximately ISK 1.1bn. • Capital gain of ISK 0.2bn. will therefore be entered among financial items in Q4 2025. Festi's 24% Share in Malik Supply Sold for ISK 1.1bn Share buyback program completed • Purchases under the share buyback program that began on June 30 have now been completed. Festi purchased 2,500,000 of its own shares for ISK 754,454,984 and now holds 2,746,226 shares or 0.88% of the company's share capital. Cold Storage Facility will open in Bakkinn Q1 2026 • Bakkinn will be expanding its operations by taking a new refrigeration warehouse into use within its current premises, in Q1 2026. • The facility will house Krónan's fresh produce currently with third party, resulting in better utilisation of warehouses, increased efficiency, synergy and quality.
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ELKO: Highlights of Q3 2025 7 Digital Consultant with Generative AI Continued E-commerce Growth • ELKO now offers a new financing option: ELKO Smart Payments for customers on elko.is • Options are: • 30-day payment deferral with no fees. • Interest-free loans from 2 to 12 months. • Consumer loans for 13 to 36 months. • ELKO will soon introduce a digital advisor on elko.is. • The advisor utilises artificial intelligence and ELKO's product information to provide recommendations to customers. • Filters and generates product lists based on analysis of needs and can assist with device setup. Ongoing Market Growth • Velta ELKO increased by 8% YoY . • Last year, Lindir had reduced service due to construction. • ELKO's market share grew by 4.9% according to Meniga data, while the consumer electronics market shrunk by -4.6%. • Share of online sales continue to increase, reaching 25.4% in Q3 compared to 25.0% in the same quarter last year. • New features were activated during the period, with continued development planned. New! ELKO Smart Payments
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Krónan: Highlights of Q3 2025 8 • The turnover of online store increased by over 30% YoY. • Increased focus on B2B with a new advanced solution with features specifically designed to meet the needs of companies, municipalities and institutions. Growth in Online Sales Successful opening of new store on Fitjabraut • Krónan Fitjabraut opened in a new location and has been very well received by customers. • The store is 2,400 square meters making it the largest grocery store in the area. • Krónan will open a 1,500 square meter store in Höfn in Hornafjörður next year. • This will be Krónan's 27th physical store and the 10th located outside of the capital area. Krónan will open a new store in Höfn • Number of transactions in physical stores increased by 6.4% • Number of transactions in online sales increased by 22% • Number of units sold increased by 8.4% YoY More Transactions and Units Sold
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N1: Highlights of Q3 2025 9 • Increased implementation of self-service solutions at service stations. • Construction of a new multi- energy and service station in Akranes underway. • Updates to the external appearance of service stations began this summer and will continue in the new year. Updates at Service Stations “My station” – Now Including Fast Charging • Fast charging is now included in “My Station” – a service where customers can choose one N1 station where they will always get the lowest price. • Positive feedback from the market and new customers constantly signing up. • Significant user increase in the last few months – constantly on top lists of Apple/Android. • Filling the tank via the app has been well received with 40% of users using the app solution in October. • Users can now record the mileage of electric cars directly in the N1 app. Increased App Usage
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• Lyfja’s NPS score up by 28 points between quarters, but in line with last year. • Lyfja Reyðarfjörður has been transformed in line with Lyfja's direction and journey. • Transformation of Neskaupstaður and Egilsstaðir into updated appearance underway. Continued Focus on Customer Satisfaction Lyfja: Highlights of Q3 2025 • First pharmacy robot taken into use at Lyfja Smáratorg. • Goal is to increase efficiency and strengthen customer service. Pharmacy Robot at Smáratorg New Service in the Lyfja App! • September was the largest ever month in terms of turnover. • Digital psychological services now available in the app where users can get a free status assessment immediately, or a remote conversation with professional psychologists within two weeks. 10 • Eye health in focus returned 22% increase in related product sales. • Targetting growing target groups with counseling for weight management drugs and pharmaceutical advice in Polish, Ukrainian and Spanish. • Lyfja started selling Blue Lagoon products, the first outlet outside of Blue Lagoon's own stores. Priorities Yielding Results
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• Quarterly highlights Q3 results 2025 • Q3 results 2025 Position and outlook • Position and outlook Spotlight – Lyfja • Spotlight – Lyfja
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At Festi's annual general meeting in August 2023, when the acquisition of Lyfja was submitted for approval, Festi expected an annual synergy effect of ISK 200-400mio. The reality after the first year is ISK 250mio. Opportunities yet to be fully exploited are expected to increase amount of synergy to ISK 600mio annually. 12 Lyfja‘s synergy starting to show in figures 150 250 50 25 25 60 350 100 105 65 Administrative services Purchasing Property utilisation Cross-sales Digital solutions 20Distribution channels Annual synergy 150 150 130 90 600 Realised synergy Unrealised synergy opportunityAnnual synergy of operating factors, ISK million
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Affiliates ebk ehf. Bakkinn operates two warehouses, in Skarfagarðar and Klettagarðar, specialising in warehousing, packaging, branding, dispensing and distribution of products for customers. ELKO is the largest electronics store in Iceland with stores in five locations along with one of the largest online stores in the country. N1 operates 29 service stations og 68 fuel dispension sites around Iceland, as well as automotive services and stores. Krónan is a low-cost retailer with 26 stores, in addition to an online Smart Store. Lyfja operates 44 pharmacies and branches across the country as well as an online store and app. Yrkir is responsible for managing the Group‘s real estate as well as the development of properties and plots. Almost 100k sq m of commercial housing. Individual companies in the spotlight in financial presentations – Karen Ósk, MD of Lyfja presents today 13
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45 LOCATIONS AROUND ICELAND
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ALDURSSAMSETNING ÍSLENDINGA 2017 2027 2037 2047 2057 2066 55 ára og eldri 54 ára og yngri 51%50%48%46%39%39% VIÐ LIFUM LENGUR ... EN VIÐ LIFUM VERR 55 ár 83 ár 1922 2022 LÍFIÐ Slæm eða meðalgóð heilsa McKinsey Hagstofan • Vikulega deyja 15 Íslendingar af völdum hegðunartengdra áhættuþátta • 45% Íslendinga, 18 ára og eldri, telja mataræði sitt hollt • 55% Íslendinga, 18 ára og eldri, sofa oftast eða alltaf nóg
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2022 17
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2022 18 Heilsuhúsið þitt LYF EN LÍKA VELLÍÐAN FYRIR LÍKAMA OG HUGA HEILDRÆNAR LAUSNIR ÞAR SEM ÞÚ ÞARFT ÞÆR ÞINN FERÐAFÉLAGI Í ÁTT AÐ BETRI HEILSU
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7.12.2021 19
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AT WHICH PHARMACY DO YOU MOST OFTEN SHOP? Gallup tracking 38% 39% 42% 43% 45% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 2020 2021 2022 2023 2024 Lyfja Samkeppni 1 Samkeppni 2 Samkeppni 3
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VIRÐISSKAPANDI VÖXTUR Viðskiptavina og starfsfólks Eignarhald og dótturfélag Lyfju, staðsetningar Styrkja stöðu á markaði og þróa nýrar tekjustoðir FYRSTA VAL MEIRA EN APÓTEK STERKAR STOÐIR - 2.000.000 4.000.000 6.000.000 8.000.000 10.000.000 12.000.000 14.000.000 16.000.000 18.000.000 20.000.000 2021 2022 2023 2024 VELTA
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TEAM LYFJA
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• Quarterly highlights Q3 results 2025 • Q3 results 2025 Position and outlook • Position and outlook Spotlight – Lyfja • Spotlight – Lyfja
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Amounts are in ISK million Q3 2025 Q3 2024 Change % Chg. Sale of goods and services 47,093 44,257 2,836 6.4% Margin from sale of goods and services 12,057 10,829 1,228 11.3% Lease revenue and operating income 545 588 (43) -7.3% Salaries and personnel expenses (5,225) (4,826) (399) 8.3% Other operating expenses (2,057) (1,850) (207) 11.2% EBITDA 5,319 4,741 579 12.2% Profit for the period 2,651 2,232 419 18.8% Other comprehensive income (54) 23 (77) -337.2% Total comprehensive income 2,597 2,255 342 15.1% Key Figures EBITDA/Margin from sales 44.1% 43.8% +0.3 p.p. 0.8% Salaries/Margin from sales 43.3% 44.6% -1.2 p.p. -2.8% Earnings per share 8.52 7.30 1.22 16.8% Sale of goods and services increased by ISK 2.8 billion or 6.4% YoY but 9,1% without effect of change in USD and fuel global market price YoY . Margin from sale was ISK 12.1 bn., an increase of ISK 1.2 bn. or 11.3% YoY . Margin percentage is 25.6% and up 1.1 p.p. from Q3 previous year but 0.5 p.p. without change in USD and fuel global market price YoY . Salaries and personnel expenses was ISK 5.2 bn., an increase of ISK 0.4 bn. or 8.3% YoY . Number of full-time employees 1,756; an increase of 26 or 1.5% YoY . Other operating expenses increase by ISK 0.2 bn. or 11.2% YoY . EBITDA was ISK 5.3 bn. in Q3 2025, an increase of ISK 0.6 bn. or 12.2% YoY . Profit for the period was ISK 2.7 bn. an increase of ISK 0.4 bn. YoY. Group Operations in Q3 2025 26 39.5% 34.5% 36.8% 36.3% >35% 0% 10% 20% 30% 40% 50% Q3 2022 Q3 2023 Q3 2024 Q3 2025* Target 15.1% 9.3% 11.9% 13.2% >11% 0% 2% 4% 6% 8% 10% 12% 14% 16% Q3 2022 Q3 2023 Q3 2024 Q3 2025* Target EBITDA/margin (12m) Return on equity (12m) *Adjusted for ISK 750 million administrative fine in Q4 2024
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ISK 7.1 bn ISK 8.6 bn ISK 10.8 bn ISK 12.1 bn20.1% 23.0% 24.5% 25.6% Q3 2022 Q3 2023 Q3 2024 Q3 2025 Margin - ISK Margin - % Sales margin in Q3 2025 Turnover increased in every sector except fuel and electricity YoY . Total margin from sales amounted to ISK 12.1 bn. and increased by 11.3% from last year. Profit margin in Q3 was 25.6% increased by 0.3 p.p. from Q2 2025, and up 1.1 p.p. YoY . Margin increases in every sector except groceries and medicine prescription and OTC. Sales margin in ISK in groceries and convenience goods increased 9.6% YoY , Fuel and electricity increased 17.0%, electronic equipment increased 14,6%, Medicine, prescription and OTC by 2.5% and other goods and services increased 9.3% from last year. 27 Grocery and convinience goods ISK 1.5 bn ISK 2.4 bn ISK 2.6 bn ISK 3.1 bn 11.0% 19.5% 21.0% 24.8% Fuel and electricity Electronic equipment Medicine, prescription and over the counter Other goods and services ISK 3.6 bn ISK 4.3 bn ISK 5.1 bn ISK 5.6 bn 23.7% 23.2% 24.3% 24.1% ISK 1.1 bn ISK 1.1 bn ISK 1.2 bn ISK 1.4 bn 25.6% 25.7% 25.6% 27.3% ISK 0.9 bn ISK 1.0 bn 28.0% 25.9% ISK 0.9 bn ISK 0.8 bn ISK 0.9 bn ISK 1.0 bn 39.8% 33.1% 36.0% 38.7% Q3 2022 Q3 2023 Q3 2024 Q3 2025 Sales margin
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Salaries and other personel expenses Q3 2024 4,826 Change in full-time position equivalents 68 Contractual wage increases 230 Change in personell expenses -29 Share options -8 Other changes 138 Salaries and other personel expenses Q3 2025 5,225 +399 m. 4,826 m. 5,225 m. - 750 1,500 2,250 3,000 3,750 4,500 5,250 6,000 Q3 2024 Q3 2025 Salaries and other personel expenses YoY comparison +26 1,730 1,756 - 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 Q3 2024 Q3 2025 Full time equivalents YoY comparison Salaries and other personnel expenses in Q3 2025 Salaries and other personnel expenses were ISK 5.2 bn. and increased by ISK 0.4 bn or 8.3% YoY . Full-time equivalents increased by 26 YoY or 1.4%. Great focus on increasing automation with technical solutions and efficiency in operations. Average cost per FTE increases by 7.7%YoY . Contractual wage increases by ISK 230 million. (4.8% increase 1. Jan 25). YoY increase was 6.8%without effects of increases in full time equivalents. 28
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Equality award Jafnvægisvogin 2025 ISK million Q3 2025 Q3 2024 Change % Total revenue 5,221 4,853 367 7.6% Total cost (4,656) (4,389) (266) 6.1% EBITDA 565 464 101 21.8% EBITDA-ratio 10.8% 9.6% +1.3 p.p. 13.2% EBIT 385 306 79 26.0% EBIT-ratio 7.4% 6.3% +1.1 p.p. 17.1% Profit (loss) 283 211 72 34.2% Electronics stores Strongest in Iceland 2025 ELKO – Highlights Q3 2025 • Revenue was ISK 5.2 bn., increase of ISK 367 million or 7.6% YoY. • Margin levels increase by 1.1 p.p from last quarter and 1.7 p.p between years. • EBITDA was ISK 565 million, an increase of 101 million or 21.8% YoY. • Profit was ISK 283 million, an increase of 72 million or 34.2% YoY. 6 29
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27 8 yrs ISK million Q3 2025 Q3 2024 Change % Total revenue 21,059 18,822 2,238 11.9% Total cost (19,242) (17,193) (2,049) 11.9% EBITDA 1,817 1,629 188 11.6% EBITDA-ratio 8.6% 8.7% -0.0 p.p. -0.3% EBIT 1,198 1,032 166 16.0% EBIT-ratio 5.7% 5.5% +0.2 p.p. 3.7% Profit (loss) 905 765 140 18.3% Grocery stores Sustainability ace for the second time Happiest customers in the grocery market Krónan – Highlights Q3 2025 • Revenue was ISK 21.2 bn., an increase of ISK 2.2 bn. or 11.9% YoY. • Same number of stores, a new bigger store in Reykjanes and new locations for online store YoY. • Margin level increases by 0.1 p.p. from previous quarter and is similar YoY • EBITDA was ISK 1.8 bn., an increase of ISK 188 million or 11.6% YoY. • Profit was ISK 905 million, an increase of ISK 140 million or 18.3% YoY. 30
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Equality award Jafnvægisvogin 2025 Pharmacies and outlets Strongest in Iceland 2025 Lyfja – Highlights Q3 2025 • Revenue was ISK 5.1 bn., increase of ISK 0.1 bn. or 2.6% YoY. • Margin level decreases by 1.3 p.p. YoY and by 0.7 p.p from last quarter. • One-time expense of ISK 35 million realized in the quarter • EBITDA was ISK 464 million, a decrease of ISK 9 million or 2.0% YoY. • Amortisation of premium of ISK 74 million due to the acquisition of Lyfja is not included in comparison figures. • Profit was ISK 127 million, a decrease of ISK 58 million YoY. 44 ISK million Q3 2025 Q3 2024 Change % Total revenue 5,056 4,930 126 2.6% Total cost (4,592) (4,457) (135) 3.0% EBITDA 464 473 (9) -2.0% EBITDA-ratio 9.2% 9.6% -0.4 p.p. -4.4% EBIT 185 284 (99) -34.9% EBIT-ratio 3.7% 5.8% -2.1 p.p. -36.6% Profit (loss) 127 185 (58) -31.2% 31
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12 16 ISK million Q3 2025 Q3 2024 Change % Total revenue 16,935 16,841 94 0.6% Total cost (14,409) (14,768) 359 -2.4% EBITDA 2,526 2,073 453 21.9% EBITDA-ratio 14.9% 12.3% +2.6 p.p. 21.2% EBIT 1,739 1,332 407 30.6% EBIT-ratio 10.3% 7.9% +2.4 p.p. 29.8% Profit (loss) 1,289 875 414 47.3%94 Fuel dispenser locations Tire and oil service stations EV charging locations N1 – Highlights Q3 2025 • Revenue was ISK 16.9 bn., an increase of ISK 0.1 bn. YoY. • Sales of fuel and electricity decreased by ISK 0.2 bn. or 1.2% YoY. Sales in litres were 75.4 million, a 5.2% increase in volume from last year. • Margin level increases by 3.3 p.p. YoY. Adjusted for effects of global fuel prices and FX the increase amounts to 1.4 p.p. between years. • EBITDA was ISK 2.5 bn., an increase of ISK 453 million or 21.9% YoY. • Profit was ISK 1.3 bn., an increase of ISK 414 million between years. 32
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99% ISK million Q3 2025 Q3 2024 Change % Total revenue 1,133 1,086 47 4.3% Total cost (239) (207) (32) 15.7% EBITDA 894 879 15 1.7% EBITDA-ratio 78.9% 81.0% -2.1 p.p. -2.6% EBIT 333 380 (47) -12.3% EBIT-ratio 29.4% 35.0% -5.6 p.p. -15.9% Profit (loss) (44) (48) 4 -9.1%84 Properties owned by Group Properties rented out Own use of properties Yrkir - Highlights Q3 2025 • Revenue was ISK 1.1 bn., increase of ISK 47 mn. or 4.3% YoY. • Net operating income (NOI) of properties was ISK 952 million, compared to ISK 938 million in Q3 2024, increase of 1.5%. • Utilisation ratio was 99%, increase by 1 p.p. due to the purchase of Hvaleyrarbraut 3 and Dalakofinn. • EBITDA was ISK 894 million, an increase of 1.7% YoY • The decrease in fair value was ISK 28 million, which is a ISK 36 million decrease between years. • Loss in the quarter was ISK 44 million, a decrease of ISK 4 million YoY. 90% 33
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Statement of Financial Position 30.9.2025 Financial position increase ISK 2.8 bn. from year-end Investments amount to ISK 4.3 bn. Decrease in trade-receivables ISK 1.4 bn. Decrease in interest-bearing debt ISK 4.3 bn. Increase in other short-term liabilitie ISK 3.1 bn. 34 Amounts are in ISK million 30.9.2025 31.12.2024 Change % Operating assets 42,383 41,217 1,165 2.8% Intangible assets 26,042 26,564 (522) -2.0% Other non-current assets 21,093 20,512 582 2.8% Non-current assets 89,517 88,293 1,225 1.4% Inventories 14,347 14,118 229 1.6% Trade- and short-term receivables 6,961 8,349 (1,388) -16.6% Cash and cash equivalents 6,811 4,075 2,736 67.1% Current assets 28,118 26,542 1,577 5.9% Total assets 117,636 114,835 2,801 2.4% Equity 46,097 43,493 2,603 6.0% Payable to credit institutions 26,175 29,340 (3,165) -10.8% Lease liabilities 10,315 10,001 313 3.1% Deferred tax liabilities 8,716 7,764 952 12.3% Non-current liabilities 45,205 47,105 (1,900) -4.0% Payable to credit institutions 2,124 3,227 (1,103) -34.2% Lease liabilites 1,450 1,388 62 4.5% Trade- and short-term liabilities 22,760 19,621 3,138 16.0% Current liabilities 26,334 24,236 2,098 8.7% Total equity and liabilities 117,636 114,835 2,801 2.4% 36.1% 36.1% 35.7% 39.2% 30-35% 0% 10% 20% 30% 40% 50% Q3 2022 Q3 2023 Q3 2024 Q3 2025 Target 3.5 3.3 3.1 2.2 <3,5 - 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 Q3 2022 Q3 2023 Q3 2024 Q3 2025 Target Equity ratio Net interest bearing debt/EBITDA (12m)
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Consolidated Statement of Cash Flow Q3 2025 Strong cash flow Cash flow from operating activities ISK 6.7 bn. Investments ISK 1.2 bn. Share buybacks ISK 0.6 bn. Repayment of interest-bearing-debt ISK 3.2 bn. Cash at the end of the period ISK 6.8 bn. 35 ISK millions Q3 2025 Q3 2024 Change % Cash at the beginning of the period 5,142 3,395 1,747 51.5% EBITDA 5,319 4,741 579 12.2% Changes in oparating items 2,201 746 1,455 195.0% Interest and taxes (856) (843) (13) 1.5% Cash flows from operating activities 6,664 4,643 2,021 43.5% Investments (1,192) (1,244) 53 -4.2% Other investing activities 25 (4,014) 4,039 100.6% Investing activities (1,166) (5,259) 4,092 -77.8% Transactions with shareholders (649) 0 (649) 0.0% 0 3,981 (3,981) -100.0% Repayment of interest-bearing-debt (3,186) (670) (2,517) 375.8% Financing activities (3,835) 3,312 (7,147) -215.8% FX difference on cash 6 (27) 33 124.3% Cash at the end of the period 6,811 6,064 747 12.3% 67.2% 50.1% 26.3% 51.0% >50% 0% 20% 40% 60% 80% 2022 2023 2024 9M 2025* Target Transactions with shareholders/profit *Buyback of own shares completed in October 2025
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• Quarterly highlights Q3 results 2025 • Q3 results 2025 Position and outlook • Position and outlook Spotlight – Lyfja • Spotlight – Lyfja
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Shareholders (10 largest) % Lífeyrissjóður verzlunarmanna 14.6 Lífeyrissj.starfsm.rík. A-deild 10.3 Gildi - lífeyrissjóður 9.5 Brú Lífeyrissjóður starfs sveit 8.7 Stapi lífeyrissjóður 5.5 Almenni lífeyrissjóðurinn 4.7 Birta lífeyrissjóður 4.0 Frjálsi lífeyrissjóðurinn 3.2 Söfnunarsjóður lífeyrisréttinda 2.9 Festa - lífeyrissjóður 2.1 +11.4% 10.38 11.31 12.32 13.06 14.36 13.13 13.27 14.65 16.00 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2023 2024 2025 125 kr 145 kr 165 kr 185 kr 205 kr 225 kr 245 kr 265 kr 285 kr 305 kr 325 kr 0 m. 2,000 m. 4,000 m. 6,000 m. 8,000 m. 10,000 m. 12,000 m. 14,000 m. 30.9.2023 31.12.2023 31.3.2024 30.6.2024 30.9.2024 31.12.2024 31.3.2025 30.6.2025 30.9.2025 Total volume (L. axis) Closing price (R. axis) Market related information 37 Share price development on Nasdaq OMX Basic earnings per share rolling 12 months (ISK per share) Market information 30.9.2025 31.12.2024 Change Issued shares 310 m. 311 m. -0.3% Price at the end of the period ISK 302 ISK 284 6.3% Market cap ISK 93,678 M ISK 88,396 M 6.0% Turnover 12m ISK 59,454 M ISK 36,098 M 64.7% Number of shareholders 1,672 1,219 37.2% Basic earnings per share (12M) 16.00 13.13 21.9%
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Outlook for 2025 Position and outlook: Continued good business results from all companies in the Group. Business outlook remains generally positive despite various uncertainties in macro economic developments. Focus is on upgrading and overhauling key business units within the Group and on digital development, The synergies from Lyfja’s entry into the Group are already beginning to materialize. Festi financial position is strong and our vision and goals are quite clear. Festi‘s EBITDA guidance and CAPEX forecast for the year EBITDA guidance for 2025 is raised by ISK 400 million to ISK 15.600 – 16.000 million. CAPEX forecast for 2025 is unchanged and is ISK 5.800 – 6.200 million. Assumptions for guidance Inflation projected to average around 4% through year-end. The impact of ongoing conflicts on product supply expected to be minimal. A slight YoY increase in tourist arrivals anticipated in the second half. Central bank interest rates assumed to remain unchanged until end of year. The strong ISK weakens the country’s competitive position, with uncertainty regarding its broader economic impact 38
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Thank you
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Disclaimers All information in this presentation is based on sources which Festi hf. considers reliable at the time of publication, but it cannot be guaranteed that the information is infallible. All information in this presentation is owned by Festi hf. It is not permitted to copy, change or distribute in any way information from this presentation, in part or entirety. This presentation is only intended for information purposes and is not part of, or a basis for, any decisions made by the recipient. Recipients should not interpret information in this presentation as a promise or as instructions. Festi hf. is not obliged to provide recipients of this presentation with further information about the company or to make changes or corrections to the presentation if information upon which it is based changes. The company’s future outlook is dependent on a number of risks and uncertainties which may have the effect that the actual result in the future is considerably different to the scenario described in this presentation. This includes factors such as exchange rates, the global price of fuel, the availability of funding, new legislation coming into effect and the impact of regulators, etc. Festi hf. wishes to point out that recipients of the presentation should not rely on statements contained within in the future since they are only applicable on the date of publication of the presentation. All statements concerning the company’s future prospects are entirely valid with respect to this disclaimer. By receiving this presentation, the recipient agrees that they are bound by the above provisos and limitations.