Icelandair Group Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	367.06	195.47	150.24	199.51	224.25	204.77
Short-Term Investments	157.24	170.37	104.56	71.01	42.16	58.2
Cash & Short-Term Investments	524.29	365.84	254.8	270.52	266.41	262.96
Cash Growth	25.57%	43.58%	-5.81%	1.54%	1.31%	65.00%
Accounts Receivable	272.3	83.7	81.26	59.2	71.04	50.26
Other Receivables	-	41.64	37.94	37.38	31.99	30.85
Receivables	272.3	125.33	119.2	96.59	103.04	81.1
Inventory	30.66	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	71.93	3.97	4.42	0.79	2.03	2.85
Total Current Assets	899.17	576.78	462.38	457.08	446.25	408.63
Property, Plant & Equipment	1,118	1,047	965.93	903.63	824.56	616.09
Long-Term Investments	37.23	37	31.74	8.4	11.9	11.59
Goodwill	-	22.42	22.42	22.42	22.42	22.42
Other Intangible Assets	57.73	35.39	33.96	32.96	32.78	33.19
Long-Term Deferred Tax Assets	70.39	73.51	63.79	59.73	55.59	60.65
Other Long-Term Assets	71.05	71.96	76.49	43.47	17.67	18.99
Total Assets	2,254	1,864	1,657	1,528	1,411	1,172
Accounts Payable	394.83	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	33.8	39.12	41.05	44.94	48.45	35.65
Current Portion of Leases	80.34	77.99	66.3	54.08	45.46	33.62
Current Unearned Revenue	616.07	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	1,125	830.69	724.59	645.82	599.88	491.61
Long-Term Debt	133.25	138.24	164.71	207.39	207.26	222.14
Long-Term Leases	536.39	461.57	398.8	332.17	296.69	212.04
Other Long-Term Liabilities	155.91	146.81	99.55	53.95	33.95	23.38
Total Liabilities	1,951	1,577	1,388	1,239	1,138	949.18
Common Stock	310.97	310.97	310.97	310.97	310.97	272.2
Additional Paid-In Capital	-	-	-	-	-	34.18
Retained Earnings	-90.82	-45.71	-37.32	-17.64	-28.73	-86.82
Comprehensive Income & Other	80.82	18.78	-6.25	-6.26	-9.74	5.06
Total Common Equity	300.97	284.05	267.4	287.07	272.51	224.62
Minority Interest	2.43	2.37	1.67	1.28	0.88	-2.24
Shareholders' Equity	303.4	286.42	269.07	288.35	273.39	222.38
Total Liabilities & Equity	2,254	1,864	1,657	1,528	1,411	1,172
Total Debt	783.78	716.92	670.86	638.58	597.87	503.44
Net Cash (Debt)	-259.49	-351.09	-416.06	-368.06	-331.46	-240.48
Net Cash Per Share	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01
Filing Date Shares Outstanding	41,297	41,120	41,120	41,120	41,120	35,958
Total Common Shares Outstanding	41,297	41,120	41,120	41,120	41,120	35,958
Working Capital	-225.87	-253.92	-262.21	-188.74	-153.64	-82.98
Book Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01
Tangible Book Value	243.24	226.24	211.01	231.69	217.31	169.01
Tangible Book Value Per Share	0.01	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

Source: S&P Global Market Intelligence. Standard template. Financial Sources.