Festi (FESTI) Q3 2025 earnings summary

Executive summary

• Q3 2025 operations exceeded management expectations, with strong performance across subsidiaries and continued momentum in core markets.

• Profit for the nine months ended 30 September 2025 was ISK 4,349 million, up from ISK 3,387 million year-over-year.

• Sale of goods and services rose 6.4% year-over-year to ISK 47.1 bn, with margin from sales up 1.1 p.p. to 25.6%.

• EBITDA increased 12.2% YoY to ISK 5.3 bn in Q3, and profit for the period rose 18.8% to ISK 2.7 bn.

• All business segments increased both sales and margin contribution compared to the same quarter last year.

Financial highlights

• Sale of goods and services for the nine months was ISK 128,458 million, up from ISK 112,517 million year-over-year.

• EBITDA for the period was ISK 11,746 million, compared to ISK 9,554 million last year.

• EBIT reached ISK 7,366 million, up from ISK 6,335 million year-over-year.

• Basic earnings per share for the period were ISK 13.97, up from ISK 11.13.

• Cash at period end: ISK 6.8 bn; Net interest-bearing debt/EBITDA (12m): 3.1x.

Outlook and guidance

• Business outlook remains positive, with continued strong results expected from all subsidiaries.

• EBITDA guidance for 2025 raised by ISK 400 million to ISK 15,600–16,000 million; CAPEX forecast unchanged at ISK 5,800–6,200 million.

• Inflation expected to average 4% through year-end; minimal supply chain impact from global conflicts.

• Slight YoY increase in tourist arrivals anticipated; central bank rates assumed stable.