Iceland · Delayed Price · Currency is ISK Heimar Earnings Call Transcripts
Fiscal Year 2026
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Revenue and EBITDA grew strongly year-over-year, supported by investments in core areas and a high occupancy rate. Guidance for the year was raised, with a positive outlook on property values and interest expenses amid challenging market sentiment.
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Q1 saw 18.1% revenue growth and a 64% rise in net profit, with strong leasing momentum and high occupancy. The outlook is at the upper end of guidance, supported by a robust tenant mix and sustainability focus.
Fiscal Year 2025
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Revenue and EBITDA grew by 9.6% and 9.3% year-over-year, respectively, with record leasing and strong performance in core areas. Equity and leverage ratios improved, and significant investments and green initiatives were executed. 2026 guidance projects continued growth.
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Rental income and EBITDA both grew 8.2% year-over-year, with net profit at ISK 2.9 billion and a 97% occupancy rate. Leverage and equity ratios improved, green financing expanded, and share buybacks continued amid challenging market conditions.