Core Insights - The third quarter performance of Brim hf. is strong, driven by successful mackerel fishing and high seafood prices, with a return on equity of 12% over the past 12 months [2] Financial Performance - Revenue for the first nine months of 2025 reached €295 million, up from €284 million in the previous year [7] - EBITDA for the same period was €69 million, representing 23.2% of operating revenue, compared to €47 million or 16.6% the previous year [7] - Profit before tax for the first nine months was €48 million, an increase from €28 million in the same period of 2024 [8] - The net profit for the period was €40 million, up from €24 million the previous year [8] - The third quarter revenue was €111 million, slightly up from €110 million in Q3 2024, with a profit of €29 million compared to €19 million in the same quarter of the previous year [9] Operational Highlights - The company’s catch of bottom trawlers was 12,000 tons in Q3, down from 14,000 tons the previous year, with one less bottom trawler operating [3] - Mackerel catch from pelagic vessels was 18,600 tons, with strong processing performance and high market prices [4] - The total catch of blue whiting was 10,300 tons, and herring catch was 10,700 tons, including 3,100 tons of Icelandic herring [5] Strategic Developments - On September 23, the company announced a bid for the entire share capital of Lýsi hf. for 24.7 billion ISK (approximately €173 million), aiming to enhance raw material sourcing and extend its value chain in seafood [6] Balance Sheet Overview - Total assets at the end of Q3 2025 were €983 million, with fixed assets of €809 million and current assets of €173 million [10] - Equity amounted to €505 million, with an equity ratio of 51.4%, up from 49.1% at the end of 2024 [10] - Total liabilities were €478 million, decreasing by €29 million since the beginning of the year [10] Cash Flow Analysis - Cash flow from operations was €23 million for the first nine months, slightly up from €22 million in the same period of 2024 [11] - Investment activities were positive by €4 million, while financing activities were negative by €53 million [11] - Cash decreased by €28 million, totaling €24 million at the end of the period [11] Shareholder Information - The closing share price on September 30, 2025, was 62.5 ISK per share, with a market capitalization of 120 billion ISK [13]