Eik fasteignafélag (EIK) Q3 2025 earnings summary

Executive summary

• Operating revenue increased by 9.2% to ISK 9,296 million for the first nine months of 2025, with adjusted EBITDA up 7.8% to ISK 5,968 million.

• Net profit for the period was ISK 3,804 million, up from ISK 3,326 million year-over-year.

• The company maintains a strong financing position and completed the Festing acquisition, subject to regulatory approval.

• A new organizational structure was implemented to enhance customer service and streamline management.

Financial highlights

• Operating revenue for the first nine months was ISK 9,296 million, up 9.2% year-over-year.

• Rental income rose 8.9% to ISK 7,980 million year-over-year.

• Adjusted EBITDA grew by 7.8% to ISK 5,968 million, excluding one-time costs.

• Net profit for the period was ISK 3,804 million, up from ISK 3,326 million year-over-year.

• Total assets increased to ISK 163,349 million.

Outlook and guidance

• Full-year 2025 revenue guidance is ISK 12,360–12,610 million, with EBITDA expected between ISK 7,760–7,920 million.

• Rental income for 2025 is expected between ISK 10,650–10,870 million.

• Value occupancy rate is projected at 94–95% at year-end, excluding Festing impact.

• Leasing of 6,100 sqm delayed into 2026.

• Outlook excludes impact from Festing acquisition.