Eik fasteignafélag (EIK) investor relations material

Executive summary

• Revenue for the first half of 2026 grew 19.2% year-over-year to ISK 7,150 million, with rental income up 21.3% to ISK 6,330 million.

• EBITDA rose 24% year-over-year to ISK 4,578 million, at the upper end of guidance.

• Net profit for the period was ISK 3,794 million, up from ISK 3,379 million in the prior year.

• Positive fair value change in investment properties of ISK 6,285 million and gain on property sales of ISK 115 million.

• Net cash from operating activities increased to ISK 2,516 million from ISK 1,943 million year-over-year.

Financial highlights

• Total assets reached ISK 196,105 million, with investment properties at ISK 182,251 million.

• Equity stood at ISK 54,828 million, with an equity ratio of 28.0%.

• Loan-to-value ratio was 59.6% at period end.

• Cash and cash equivalents increased to ISK 5,854 million.

• Dividends totaling ISK 3,732.7 million for 2025 were approved, with half paid in April and the remainder due in October 2026.

Outlook and guidance

• Updated 2026 EBITDA guidance is ISK 9,330–9,610 million, reflecting portfolio changes and share option costs.