Core Insights - The company experienced increased stability in Q4 2025 following a period of market disruption, leading to year-on-year growth in operating profit despite customer churn and additional costs [3][4] - The financial results for 2025 were within the published guidance range, with EBITDA at the upper end, reflecting disciplined operations and strong sales momentum [4] Financial Performance - Q4 2025 revenue was ISK 7,336 million, a decrease of 1.3% compared to ISK 7,431 million in Q4 2024 [8] - EBITDA for Q4 2025 was ISK 1,916 million, down by 7.5% from the previous year, with an EBITDA margin of 26.1% [8] - EBIT increased to ISK 992 million in Q4 2025, up 5.1% from ISK 944 million in Q4 2024 [8] - Profit for Q4 2025 was ISK 620 million, compared to ISK 517 million in the same quarter of 2024, with earnings per share rising to ISK 0.26 [8] Business Developments - The company expanded its fintech operations, with corporate cards issued reaching 1,800, marking a 20% growth from Q3 to Q4 [6] - Advertising revenue in Q4 2025 was ISK 798 million, a decrease of 2.8% year-on-year, but November 2025 marked the highest month of total advertising sales in the company's history [7][8] - The company announced acquisitions of Greiðslumiðlun Íslands, Opin Kerfi, and Öryggismiðstöð Íslands, aiming to unlock synergies and enhance growth [9] Strategic Initiatives - The company is implementing a revised structure, transferring telecommunications and media operations into a new subsidiary named Ásar, focusing on disciplined growth and robust digital services [11] - The company celebrated its 120th anniversary, emphasizing its long-standing commitment to building secure telecommunications infrastructure [10]

Core Insights - The quarter showed solid operations and progress in services and product offerings, with significant revenue growth and controlled operating costs leading to increased earnings compared to the previous year [2][6]. Financial Performance - Revenues in Q2 2025 reached ISK 7,196 million, a 4.7% increase from ISK 6,871 million in Q2 2024 [7] - Mobile, data transmission, and television services revenue grew by 2.5% year-on-year [7] - Advertising revenues rose to ISK 604 million, up 12.9% from ISK 535 million in the same period last year [7] - EBITDA for Q2 2025 was ISK 1,924 million, an 11.5% increase from ISK 1,726 million in Q2 2024 [7] - The EBITDA margin improved to 26.7% from 25.1% in the prior year [7] - EBIT increased to ISK 931 million, a 46.4% rise from ISK 636 million in Q2 2024 [7] - Net profit in Q2 2025 was ISK 537 million, a 120.1% increase from ISK 244 million in Q2 2024 [7] - Earnings per share rose to ISK 0.22, up 144.4% from ISK 0.09 in Q2 2024 [7] - Net interest-bearing debt was ISK 19.1 billion at the end of Q2 2025, compared to ISK 17.2 billion at year-end 2024 [7] - The equity ratio was 40.3% at the end of Q2 2025, with total equity of ISK 16.9 billion [7] Business Developments - Síminn signed agreements for HBO Max and Hayu streaming services, leading to a 20% increase in viewings for Síminn Premium TV between June and July [3] - Síminn provided English Premier League broadcasts across its distribution network, ensuring continued access to sports content [4] - Síminn's fintech activities saw strong growth, with active users of Noona reaching 84 thousand, a 26% increase year-on-year [5] Future Outlook - The outlook for operations is positive, with strong core business performance and ongoing development of new revenue streams in telecoms, media, and fintech [6] - Síminn's strong infrastructure supports expansion into new areas [6] Leadership Transition - The report marks the last under CFO Óskar Hauksson, who has been with the company since 2005, highlighting his contributions to Síminn's financial management [8]