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 Insights - The company reported a strong performance in Q1 2025, with sales of goods and services reaching ISK 37,786 million, a year-on-year increase of 17.3% [4] - Profit for the quarter amounted to ISK 279 million, reflecting a 35.2% increase from the previous year [4] - The EBITDA guidance for the year 2025 remains unchanged at ISK 14,400 – 14,800 million [4] Financial Performance - Sales of goods and services increased by 17.3% year-on-year, with a 3.0% increase when excluding the impact of Lyfja [4] - The profit margin improved to 24.4%, up by 2.6 percentage points from Q1 2024 [4] - Operating expenses rose by 28.9% year-on-year, while the number of full-time equivalents increased by 281 [4] Strategic Developments - The company plans to open a new store in Reykjanesbær and close a smaller store in the same area [4] - An acquisition of property in Hafnarfjörður was made to secure key locations for future development [4] - New fuel pumps will be opened at Fiskislóð, with closures at Ægissíða as part of an agreement with the City of Reykjavík [4] Market Outlook - The company anticipates a good outlook for the summer season, which is critical for its operations [6] - Despite uncertainties in global markets due to tariff increases and policy changes, management believes the impact on operations will be minimal [6] - The company emphasizes strong foundations and technical infrastructure, indicating confidence in navigating market challenges [6]