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Skel fjárfestingafélag (SKEL) investor relations material
Skel fjárfestingafélag Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Unlisted investments performed in line with expectations and prior forecasts for the first nine months of 2025.
Drangar, formed from the merger of Orkan, Lyfjaval, and Samkaup, began operations in Q3 and showed strong sales and operational improvements.
Listed equity holdings generated ISK 0.4 billion profit in Q3, with main holdings in Skagi and Kaldalón.
Financial highlights
Drangar reported Q3 gross profit of ISK 6,023 million and EBITDA of ISK 1,962 million.
INNO's EBITDAAL rose 40% year-over-year to €14 million, with revenue up €2 million (+0.7%) and operating profit up €5 million (+250%).
Styrkás achieved 9-month gross profit of ISK 7,619 million and EBITDA of ISK 2,145 million, with service revenue up 28% year-over-year.
Gallon exceeded budget with EBIT up 4% year-over-year for the first nine months.
Outlook and guidance
Drangar's share offering is expected to conclude in December, with plans to list on a regulated market before end of 2027.
Styrkás plans to list its equity on the stock exchange before year-end 2027.
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