Síminn (SIMINN) Q4 2025 earnings summary

Executive summary

• Delivered strong performance in 2025 and Q4 despite market turbulence, with operational stability and early signs of positive momentum in Q4.

• Proactive commercial response to the loss of Premier League rights and continued focus on operational efficiency and cost discipline.

• Announced proposed acquisitions of three companies in Q4, aiming to unlock synergies and enhance group performance.

• Strategic group restructuring with telecom and media operations moving to a new subsidiary.

• Full-year 2025 revenue rose 3.4% to ISK 28,767m, with notable growth in advertising and fintech-related income.

Financial highlights

• Total revenue for 2025 was ISK 28,767m, up 3.4% year-over-year; Q4 revenue was ISK 7,336m, down 1.3% year-over-year.

• Adjusted EBITDA for 2025 was ISK 7,421m, up 3.8% year-over-year; adjusted EBIT was ISK 3,598m, up 25% year-over-year.

• Q4 2025 EBIT increased by ISK 48m year-over-year to ISK 992m; EBIT margin was 13.5%.

• Net profit for 2025 was ISK 1,591m, up 15.2% year-over-year; EPS increased by 22.2% to 0.66.

• Advertising revenue grew by ISK 505m, mainly from Billboard acquisition; fintech-related income and other operations grew by ISK 536m.

Outlook and guidance

• Stable growth expected in telecommunications and television for 2026, with a focus on profitable fintech growth and positive advertising outlook.

• 2026 guidance: EBITDA ISK 6.8–7.2bn, EBIT ISK 3.2–3.6bn (excluding acquisition amortization), investments ISK 3.4–3.7bn.

• Investments projected to rise, mainly due to higher TV content and broadcasting rights.

• Outlook does not include impact from pending acquisitions, which are subject to regulatory approval.

• Operations are expected to remain stable in 2026.