Síminn (SIMINN) investor relations material

Executive summary

• Revenue increased 1.5% year-over-year to ISK 7,062 million in Q3, with EBIT up 18.5% and net profit rising 39% to ISK 622 million; net profit for the first nine months of 2025 was ISK 971 million, up from ISK 864 million year-over-year.

• Cash flow from operations before interest and taxes grew 23% YoY, reaching nearly ISK 1.8 billion.

• Total sales for the first nine months reached ISK 21,431 million, compared to ISK 20,401 million in 2024.

• New loan agreement secured favorable terms to support continued growth, and a new group structure is being prepared.

• The company operates in telecommunications, fintech, and media, with six operating segments.

Financial highlights

• Q3 2025 revenue was ISK 7,062 million, up ISK 106 million YoY; EBIT margin improved to 16.8% from 14.5%.

• Net profit for Q3 was ISK 622 million, up from ISK 449 million YoY; EPS increased 44.4% to ISK 0.26.

• EBITDA for Q3 was ISK 1,848 million, down 3.5% YoY, with an EBITDA margin of 26.2%.

• For the first nine months, total revenue reached ISK 21,431 million, up 5.1% YoY; adjusted EBIT for 9M was ISK 2,606 million, up 35% YoY.

• EBITDA for the nine months was ISK 5,044 million, slightly down from ISK 5,076 million YoY; operating profit was ISK 2,145 million, up from ISK 1,931 million; gross profit increased to ISK 7,908 million from ISK 7,025 million YoY.

Outlook and guidance

• EBITDA and EBIT guidance was lowered by ISK 400 million in February due to a Supreme Court ruling, but otherwise remains unchanged; updated 2025 guidance: EBITDA ISK 6.6–7.0 billion, EBIT ISK 3.2–3.6 billion (excluding amortization from acquisitions), investments ISK 2.8–3.1 billion.

• HBO partnership increases CAPEX but does not alter investment guidance.