Sláturfélags Suðurlands (SFS) H1 2025 earnings summary

Executive summary

• Operates as a cooperative focused on slaughter, food processing, and wholesale distribution nationwide, with subsidiaries in poultry and vegetable production.

• Aims to be a leading food company in Iceland, distributing both domestic and imported products.

Financial highlights

• Revenue for 1H 2025 was ISK 10,130.6 million, up from ISK 9,262.0 million year-over-year.

• Net profit for 1H 2025 reached ISK 693.7 million, compared to ISK 613.3 million in 1H 2024.

• Earnings per share for the period were ISK 1.09, up from ISK 1.03 year-over-year.

• Total assets at June 30, 2025, amounted to ISK 14,695.8 million, up from ISK 13,870.1 million at year-end 2024.

• Equity at period end was ISK 8,880.1 million, with an equity ratio of 60%.

Outlook and guidance

• Management affirms the financial statements provide a clear view of the group’s position and development for 1H 2025.