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]