Core Points - The Annual General Meeting of Festi hf. is scheduled for March 5, 2026, at 10:00 a.m. at the company's headquarters in Kópavogur [1] - The agenda and proposals published on February 10, 2026, remain unchanged, and no additional proposals were received from shareholders for the Nomination Committee [1] - The deadline for submitting candidacies for the Board of Directors has passed, and the Board will be elected unopposed at the Annual General Meeting [2] Board of Directors Candidates - The following individuals have submitted candidacies for the Board of Directors: Edda Blumenstein, Guðjón Auðunsson, Guðjón Reynisson, Hjörleifur Pálsson, and Sigurlína Ingvarsdóttir [4] - The Board of Directors will consist of five members elected for a one-year term at the Annual General Meeting [2] Meeting Information - Meeting materials and additional information regarding the Annual General Meeting can be found on the company's website [3] - For further inquiries, contact Ásta S. Fjeldsted, CEO of Festi hf. [3]

Core Viewpoint - Festi has been actively engaging in a share buyback program, increasing its ownership of own shares in accordance with regulatory frameworks [1][2]. Group 1: Share Buyback Details - In week 8 of 2026, Festi purchased a total of 195,000 own shares for 65,645,000 ISK, with individual purchases made on February 16, 17, 18, and 19, 2026 [1]. - The share prices for the purchases ranged from 333 ISK to 342 ISK per share, with the total amounts spent on each day being 24,975,000 ISK, 16,800,000 ISK, 11,970,000 ISK, and 11,900,000 ISK respectively [1]. - Prior to these purchases, Festi held 4,570,000 own shares, representing 1.46% of issued shares, and after the buyback, it now holds 4,765,000 own shares, or 1.52% of issued shares [2]. Group 2: Buyback Program Overview - The buyback program was initially announced on December 3, 2025, and aims to repurchase a total of 2,500,000 own shares, which is 0.80% of the issued shares, with a maximum purchase price cap of 825 million ISK [2]. - The execution of the buyback program complies with the Act on Public Limited Companies and relevant European regulations regarding market abuse and fraud [1].

Group 1 - In week 7 of 2026, Festi purchased a total of 135,000 own shares for a total amount of 46,145,000 ISK [1] - Prior to the recent purchases, Festi held 4,435,000 own shares, representing 1.42% of issued shares, and after the purchases, it now holds 4,570,000 own shares, or 1.46% of issued shares [2] - The buyback program was announced on December 3, 2025, and aims to repurchase a total of 2,500,000 own shares, which is 0.80% of the issued shares, with a maximum purchase price cap of 825 million ISK [2] Group 2 - The execution of the buyback program complies with relevant regulations, including the Act on Public Limited Companies No 2/1995 and the Regulation of the European Parliament and of the Council No. 596/2014 [1]

Festi hf. has today completed the sale of a new bond series, FESTI 050331, issued under the Company’s ISK 8,000,000,000 issuance programme. The bonds are index-linked with a nominal value of ISK 4,200,000,000 and were sold at a yield of 3.95%. The bond series have five-year maturity with two equal payments per year. The settlement date is scheduled for 20 February 2026. Subsequently, an application will be submitted for the bonds to be admitted to trading on the Main Market of Nasdaq Iceland. The proceeds f ...

The Board of Directors of Festi hf. hereby announces that the Annual General Meeting of the company will be held on Thursday March 5, 2025, at 10.00 at the Company’s headquarters at Dalvegur 10 – 14, Kópavogur. Enclosed is the notice of the Annual General Meeting with its’ agenda, proposals for the meeting, Remuneration Policy and the reports of the Remuneration Committee and the Nomination Committee. Further information regarding the Annual General Meeting and documents can be accessed on the Company’s web ...

Core Viewpoint - Festi has actively engaged in a share buyback program, purchasing a total of 135,000 shares for 46,440,000 ISK in week 6 of 2026, which reflects the company's commitment to enhancing shareholder value [1] Group 1: Share Buyback Details - In week 6 of 2026, Festi purchased 135,000 shares at various prices, totaling 46,440,000 ISK [1] - The specific purchases included 35,000 shares at 345 ISK on February 2 and February 3, 2026, 35,000 shares at 342 ISK on February 4, and 30,000 shares at 344 ISK on February 5 [1] - The buyback program is compliant with relevant regulations, including the Act on Public Limited Companies and the Regulation of the European Parliament on market abuse [1] Group 2: Current Shareholding Status - Prior to the recent purchases, Festi held 4,300,000 shares, representing 1.38% of issued shares, and now holds 4,435,000 shares, which is 1.42% of issued shares [2] - The total shares bought back by Festi since the program's announcement on December 3, 2025, amounts to 1,688,774 shares for a total cost of 563,293,920 ISK [2] - The buyback program aims to repurchase a total of 2,500,000 shares, with a maximum budget of 825 million ISK [2]

End of a strong year for Festi: Strong operational performance in the quarter and the results for the year significantly exceeded the company's initial guidance. Main results in Q4 2025 Sales of... Read More ...

Group 1 - Festi hf. published its Q4 2025 and 12M 2025 results after market closing on 5 February 2026 [1] - An investor presentation for the Q4 and 12M 2025 results was held on 6 February 2026 at 8:30 [1] - The results and presentation are available for review by investors [2]

Core Insights - Festi achieved strong operational performance in Q4 2025, significantly exceeding initial guidance for the year [1][2] - The company reported a year-on-year earnings increase of 35.3%, with an equity ratio of 41.2% at year-end, indicating a strong financial position [2] Financial Performance - Sales of goods and services reached ISK 44,956 million, a 7.2% increase year-on-year [5] - Profit margin was 25.4%, a slight decrease of 0.2 percentage points from Q3 2025 but an increase of 0.9 percentage points from Q4 2024 [5] - EBITDA for Q4 amounted to ISK 4,255 million, a 43.9% increase year-on-year, and profit for the quarter was ISK 1,870 million, also up by 35.3% [5] - Net cash from operating activities increased by 72.3% year-on-year to ISK 1,508 million [5] - The company's EBITDA guidance for 2026 is projected to be between ISK 16,500 million and ISK 17,000 million [12] Operational Highlights - Krónan saw a 7.5% increase in the number of transactions and a 9.2% increase in volume, with Smart Store turnover rising by 50% year-on-year [3] - N1 increased new cardholders by 17% and app usage by 40%, with new services enhancing customer satisfaction [4] - Lyfja is expanding its pharmacy operations and product range, with significant sales growth in Q4 [6] - ELKO launched a consumer loan system, exceeding expectations with over 1,500 loans disbursed in the first two months [7] Strategic Developments - Festi is focusing on optimizing operations and increasing synergies across its businesses, with plans for new store openings and service centers [11][14] - The company completed a bond issuance prospectus and successfully sold a six-month commercial bill for ISK 1,300 million [9] - Ongoing projects include the opening of new stores and service centers, as well as the introduction of new products and services [14]

Core Viewpoint - Festi has initiated a share buyback program, purchasing a total of 150,000 own shares for 51,740,000 ISK in week 5 of 2026, in compliance with relevant regulations [1][2]. Group 1: Share Buyback Details - In week 5 of 2026, Festi purchased shares on four different dates, acquiring 10,000 shares at 344 ISK, 25,000 shares at 345 ISK, 35,000 shares at 345 ISK, and 80,000 shares at 345 ISK, totaling 150,000 shares [1]. - The total expenditure for the share buyback in week 5 was 51,740,000 ISK, with the average share price being approximately 344.93 ISK [1]. Group 2: Ownership and Program Overview - Prior to the recent purchases, Festi held 4,150,000 own shares, representing 1.33% of the issued shares, and after the buyback, the total shares held increased to 4,300,000, or 1.38% of the issued shares [2]. - The buyback program, announced on December 3, 2025, aims to repurchase a total of 2,500,000 own shares, which is 0.80% of the issued shares, with a maximum purchase price cap of 825 million ISK [2].