Nova Klúbburinn (NOVA) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was ISK 3,231 million, down from ISK 3,324 million year-over-year due to changes in business structure after the sale of the 4G/5G network.

• EBITDA for the quarter was ISK 649 million, a decrease from ISK 989 million in Q1 2025, reflecting increased operating costs post-network sale.

• Net profit for the period was ISK 109 million, compared to ISK 167 million in the same quarter last year.

• The company completed the sale of its 4G/5G network to Sendafélagið ehf., impacting comparability with prior periods.

• Operations are in line with the revised business model and support the full-year EBITDA guidance.

Financial highlights

• Revenue: ISK 3,231 million (Q1 2025: ISK 3,324 million).

• EBITDA: ISK 649 million (Q1 2025: ISK 989 million).

• Net profit: ISK 109 million (Q1 2025: ISK 167 million).

• Equity at period end: ISK 9,628 million; equity ratio 41.1% (year-end 2025: 40.8%).

• Cash at period end: ISK 2,169 million, up from ISK 890 million at year-end 2025.

Outlook and guidance

• Full-year EBITDA guidance remains unchanged, with Q1 results supporting the forecast range.

• The company expects continued impact from the new operating structure following the network sale.