Icelandair Group hf. (ICE:ICEAIR)

Icelandair Group Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	369.8	195.47	150.24	199.51	224.25	204.77
Short-Term Investments	88.48	170.37	104.56	71.01	42.16	58.2
Cash & Short-Term Investments	458.28	365.84	254.8	270.52	266.41	262.96
Cash Growth	11.56%	43.58%	-5.81%	1.54%	1.31%	65.00%
Accounts Receivable	202.77	83.7	81.26	59.2	71.04	50.26
Other Receivables	-	41.64	37.94	37.38	31.99	30.85
Receivables	202.77	125.33	119.2	96.59	103.04	81.1
Inventory	31.99	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	57.35	3.97	4.42	0.79	2.03	2.85
Total Current Assets	750.4	576.78	462.38	457.08	446.25	408.63
Property, Plant & Equipment	1,068	1,047	965.93	903.63	824.56	616.09
Long-Term Investments	38.99	37	31.74	8.4	11.9	11.59
Goodwill	-	22.42	22.42	22.42	22.42	22.42
Other Intangible Assets	58.36	35.39	33.96	32.96	32.78	33.19
Long-Term Deferred Tax Assets	61.43	73.51	63.79	59.73	55.59	60.65
Other Long-Term Assets	80.85	71.96	76.49	43.47	17.67	18.99
Total Assets	2,058	1,864	1,657	1,528	1,411	1,172

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	404.82	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	26.46	39.12	41.05	44.94	48.45	35.65
Current Portion of Leases	86.36	77.99	66.3	54.08	45.46	33.62
Current Unearned Revenue	405.88	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	923.52	830.69	724.59	645.82	599.88	491.61
Long-Term Debt	123.7	138.24	164.71	207.39	207.26	222.14
Long-Term Leases	498.15	461.57	398.8	332.17	296.69	212.04
Other Long-Term Liabilities	151.27	146.81	99.55	53.95	33.95	23.38
Total Liabilities	1,697	1,577	1,388	1,239	1,138	949.18

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	310.97	310.97	310.97	310.97	310.97	272.2
Additional Paid-In Capital	-	-	-	-	-	34.18
Retained Earnings	-26.16	-45.71	-37.32	-17.64	-28.73	-86.82
Comprehensive Income & Other	73.78	18.78	-6.25	-6.26	-9.74	5.06
Total Common Equity	358.6	284.05	267.4	287.07	272.51	224.62
Minority Interest	2.45	2.37	1.67	1.28	0.88	-2.24
Shareholders' Equity	361.05	286.42	269.07	288.35	273.39	222.38
Total Liabilities & Equity	2,058	1,864	1,657	1,528	1,411	1,172

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	734.66	716.92	670.86	638.58	597.87	503.44
Net Cash (Debt)	-276.38	-351.09	-416.06	-368.06	-331.46	-240.48
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01
Filing Date Shares Outstanding	41,120	41,120	41,120	41,120	41,120	35,958
Total Common Shares Outstanding	41,120	41,120	41,120	41,120	41,120	35,958
Working Capital	-173.12	-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	300.23	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

Data Source: S&P Global Market Intelligence Last updated: Oct 22, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 28, 2026

Data Sources Report a data error