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Ísfélag (ISF) investor relations material
Ísfélag Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved profitability in Q1 2026, driven by a strong capelin season, robust trawler catches, and high product prices.
Revenue for Q1 2026 was USD 73.3m, up from USD 37.3m in Q1 2025.
Net profit for Q1 2026 reached USD 22.8m, compared to a loss of USD 3.6m in Q1 2025.
The company remains financially strong, with equity ratio at 66.7% as of March 31, 2026.
High product prices and substantial inventory levels at period end, with sales progressing well.
Financial highlights
EBITDA for Q1 2026 was USD 31.7m (43.2% margin), up from USD 7.3m (19.7%) year-over-year.
Operating profit for Q1 2026 was USD 26.9m, compared to USD 3.1m in Q1 2025.
Gross margin for Q1 2026 was USD 29.4m, up from USD 4.7m in Q1 2025.
Earnings per share for Q1 2026 were USD 0.028, compared to a loss of USD 0.004 per share in Q1 2025.
Total assets as of March 31, 2026, were USD 880.8m.
Outlook and guidance
Product prices expected to remain high.
Freezing plants to close part of the summer due to reduced mackerel quota and international agreements, with no pelagic fishing until late August.
Uncertainty around wage agreements, inflation, and energy prices.
Need for international agreements on blue whiting and Norwegian-Icelandic herring to secure Iceland's interests.
The company is well positioned for future investments and opportunities due to its strong financial position.
- Revenue and profit rose sharply in 2025, but quota and regulatory risks persist.ISF
Q4 202525 Mar 2026 - Profit dropped over 58% as weak pelagic catches and rising costs pressured results.ISF
Q4 202426 Dec 2025 - Revenue up 25% to $150.4m, net profit down, investments and regulatory risks ahead.ISF
Q3 202529 Nov 2025 - Net loss despite higher revenue, with major investments, refinancing, and ongoing risks.ISF
Q2 202529 Aug 2025 - Revenue and profit fell, but investments and operational changes support future growth.ISF
Q3 202413 Jun 2025 - Revenue and profit fell in H1 2024, but financial strength and investments remain robust.ISF
Q2 202413 Jun 2025 - Q1 2025 loss deepened on flat revenue, low catch, and higher costs despite major refinancing.ISF
Q1 20255 Jun 2025
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