Árshlutareikningur Sláturfélag Suðurlands jan-jún 2025

Core Insights - The financial performance of Sláturfélag Suðurlands for the first half of 2025 shows a profit of 694 million ISK, an increase from 613 million ISK in the same period last year [3][6][11] - Total revenues for the group reached 10.131 billion ISK, reflecting a year-on-year increase of approximately 9.4% [4][11] - The company's equity stood at 8.880 billion ISK at the end of June 2025, with an equity ratio of 60%, up from 56% the previous year [3][7][11] Financial Performance - Operating revenues for the first half of 2025 were 10.131 billion ISK, compared to 9.262 billion ISK in the same period last year, marking a 9.4% increase [4][11] - The cost of goods and packaging was 5.249 billion ISK, up from 4.779 billion ISK the previous year [5] - Operating profit before financial income and expenses was 881 million ISK, an increase from 828 million ISK in the prior year [5][11] - EBITDA for the period was 1.159 billion ISK, compared to 1.103 billion ISK in the same timeframe last year [5][11] Financial Position - The company's total assets as of June 30 were 14.696 billion ISK, with a current ratio of 2.8, up from 2.2 the previous year [7][10] - Long-term liabilities at the end of June 2025 were 1.997 billion ISK, with next year's repayments estimated at 52 million ISK [10] - Cash and cash equivalents at the end of June amounted to 2.4 billion ISK, indicating a strong liquidity position [10] Market and Operational Insights - The company has experienced strong sales in meat products, with lower inventory levels of lamb meat at the start of the slaughter season compared to the previous year [13] - The company is adapting its operations to changing market conditions, focusing on the uniqueness and quality of domestic production [13][14] - The company's position in the food industry is strong, supported by a good brand image and ongoing investments in automation and product development [14] Future Outlook - There is some uncertainty ahead that may negatively impact the group's operations in the second half of the year, particularly regarding exchange rate developments and conditions in foreign markets [12] - The company continues to seek new growth opportunities, particularly in the agricultural supply sector, benefiting from a reduction in processing facilities in the country [15]