Nova Klúbburinn (NOVA) Q1 2025 earnings summary

Executive summary

• Total revenue for January–March 2025 was ISK 3,324 million, up from ISK 3,197 million year-over-year.

• EBITDA reached ISK 989 million, compared to ISK 904 million in the same period last year.

• Net profit for the quarter was ISK 167 million, up from ISK 133 million year-over-year.

• Shareholder equity at period end was ISK 9,688 million, with an equity ratio of 40.5%.

• The annual general meeting approved a dividend of ISK 0.082 per share (approx. ISK 300 million total).

Financial highlights

• Revenue increased by 4% year-over-year to ISK 3,324 million.

• EBITDA margin was 29.8%, up from 28.3% in Q1 2024.

• EBIT was ISK 407 million, up from ISK 362 million year-over-year.

• Earnings per share rose to ISK 0.047 from ISK 0.036 year-over-year.

• Cash flow from operations was ISK 779 million, up from ISK 582 million in Q1 2024.

Outlook and guidance

• The company is positioned for continued growth, supported by stable revenue streams and recent investments.

• No single customer accounted for more than 10% of revenue.