Ölgerðin Egill Skallagrímsson (OLGERD) Q3 2025 earnings summary

Executive summary

• Operations remained strong in the first nine months, with stable sales after a period of significant growth, despite external challenges.

• EBITDA for the period was ISK 3,872 million, down ISK 608 million year-over-year, mainly due to higher wage and marketing costs.

• Net profit was ISK 1,980 million, a decrease of ISK 902 million; adjusted for one-time income last year, profit fell by 21%.

• New shares were issued to meet exercised stock options, and a dividend of ISK 1,419 million was paid.

Financial highlights

• Revenue for the period was ISK 35,286 million, nearly flat year-over-year.

• EBITDA fell 14% to ISK 3,872 million; EBIT dropped 18% to ISK 3,035 million.

• Net profit for the period was ISK 1,980 million, down 31% from the previous year.

• Total assets increased to ISK 33,559 million, and equity rose to ISK 15,771 million.

• Net interest-bearing debt, including lease liabilities, was ISK 9,017 million, up ISK 3,262 million since the start of the year.

Outlook and guidance

• Focus for Collab export narrowed to Denmark and northern Germany, based on market research and success in Denmark.

• New distribution center and water bottling plant planned at Hólmsheiði to improve efficiency and support future growth.