Icelandair Group Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	195.47	150.24	199.51	224.25	204.77
Short-Term Investments	170.37	104.56	71.01	42.16	58.2
Cash & Short-Term Investments	365.84	254.8	270.52	266.41	262.96
Cash Growth	43.58%	-5.81%	1.54%	1.31%	65.00%
Accounts Receivable	83.7	81.26	59.2	71.04	50.26
Other Receivables	41.64	37.94	37.38	31.99	30.85
Receivables	125.33	119.2	96.59	103.04	81.1
Inventory	28.14	24.49	23.84	22.49	24.4
Prepaid Expenses	37.7	25.23	28.32	21.49	17.13
Restricted Cash	15.81	34.25	37.01	30.8	20.19
Other Current Assets	3.97	4.42	0.79	2.03	2.85
Total Current Assets	576.78	462.38	457.08	446.25	408.63
Property, Plant & Equipment	1,047	965.93	903.63	824.56	616.09
Long-Term Investments	37	31.74	8.4	11.9	11.59
Goodwill	22.42	22.42	22.42	22.42	22.42
Other Intangible Assets	35.39	33.96	32.96	32.78	33.19
Long-Term Deferred Tax Assets	73.51	63.79	59.73	55.59	60.65
Other Long-Term Assets	71.96	76.49	43.47	17.67	18.99
Total Assets	1,864	1,657	1,528	1,411	1,172
Accounts Payable	58.99	49.73	55.09	54.39	25.66
Accrued Expenses	8.23	17.01	10.41	10.62	6.07
Current Portion of Long-Term Debt	39.12	41.05	44.94	48.45	35.65
Current Portion of Leases	77.99	66.3	54.08	45.46	33.62
Current Unearned Revenue	391.3	351.58	317.79	303.36	259.08
Other Current Liabilities	255.07	198.92	163.52	137.6	131.54
Total Current Liabilities	830.69	724.59	645.82	599.88	491.61
Long-Term Debt	138.24	164.71	207.39	207.26	222.14
Long-Term Leases	461.57	398.8	332.17	296.69	212.04
Other Long-Term Liabilities	146.81	99.55	53.95	33.95	23.38
Total Liabilities	1,577	1,388	1,239	1,138	949.18
Common Stock	310.97	310.97	310.97	310.97	272.2
Additional Paid-In Capital	-	-	-	-	34.18
Retained Earnings	-45.71	-37.32	-17.64	-28.73	-86.82
Comprehensive Income & Other	18.78	-6.25	-6.26	-9.74	5.06
Total Common Equity	284.05	267.4	287.07	272.51	224.62
Minority Interest	2.37	1.67	1.28	0.88	-2.24
Shareholders' Equity	286.42	269.07	288.35	273.39	222.38
Total Liabilities & Equity	1,864	1,657	1,528	1,411	1,172
Total Debt	716.92	670.86	638.58	597.87	503.44
Net Cash (Debt)	-351.09	-416.06	-368.06	-331.46	-240.48
Net Cash Per Share	-0.01	-0.01	-0.01	-0.01	-0.01
Filing Date Shares Outstanding	41,120	41,120	41,120	41,120	35,958
Total Common Shares Outstanding	41,120	41,120	41,120	41,120	35,958
Working Capital	-253.92	-262.21	-188.74	-153.64	-82.98
Book Value Per Share	0.01	0.01	0.01	0.01	0.01
Tangible Book Value	226.24	211.01	231.69	217.31	169.01
Tangible Book Value Per Share	0.01	0.01	0.01	0.01	0.00
Buildings	144.94	130.21	108.1	91.66	89.02
Machinery	967.87	949.19	949.45	882.65	704.05

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.