Slide 1: Presentation of Q2 2026 Results
Presentation of Q2 2026 Results 29 July 2026 Ásta S. Fjeldsted Magnús Kr. Ingason
Slide 2: Q2 2026 Highlights, Financial Results, Outlook
• Q2 2026 Highlights Q2 2026 Financial Results • Q2 2026 Financial Results Outlook • Outlook
Slide 3: Consolidated Highlights for Q2 2026
Consolidated Highlights for Q2 2026 Key Operating Results - Performance remained resilient although results were below expectations • Group performance was solid despite margin from Sale of goods and services Margin from sale Salaries/Margin from sale fuel sales falling short of ISK 46.3 bn. 24.9% 5
Slide 4: Increase in Sales – Fewer Transactions, Larger Baskets
Increase in Sales – Fewer Transactions, Larger Baskets -0.2% +10.7% +3.7% -4.3% Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Transactions Digital transactions Units sold Fuel litres 4
Slide 5: Card Turnover - Domestic Growth, Foreign Decline
Card Turnover - Domestic Growth, Foreign Decline - Fewer tourist arrivals and reduced fuel levies explain the decline in foreign turnover +5.0% -11.0% Q2 2025 Q2 2026 Q2 2025 Q2 2026 Domestic card turnover Foreign card turnover 5
Slide 6: ELKO: Q2 2026 Highlights
ELKO: Q2 2026 Highlights ELKO Maintains Opening of Refursbishment of Market Position ELKO Smáralind ELKO Grandi • ELKO's growth continued while • ELKO opened its sixth store in • ELKO Grandi will undergo the consumer electronics market Smáralind in June. refurbishment this autumn. declined 4.1% year
Slide 7: Krónan: Q2 2026 Highlights
Krónan: Q2 2026 Highlights Strong Momentum in Strong Momentum in Opening of Krónan Store Activity Store Activity Lindir • In-store transactions increased • Sales increased 52% year-on-year. • Krónan Lindir reopened following 2.6% year-on-year, unadjusted for refurbishment on June 11 and has the 9-we
Slide 8: Lyfja: Q2 2026 Highlights
Lyfja: Q2 2026 Highlights Digital Channels Lyfja Strengthens Its Focus on Skincare Strong Momentum Continue to Grow Market Position Delivers Results at Lyfja Heyrn • Online sales increased by • Brand awareness reached • Increased focus on skincare • Margin level at Lyfja Heyrn 15% year-on-year. 98%
Slide 9: N1: Q2 2026 Highlights
N1: Q2 2026 Highlights Solid Underlying Challenging New Station New Tyre Hotel and Performance External Conditions at Geysir Service Centre • Units sold declined 1.6% • Sharp increases in global • New service station • New full-service facility for year-on-year, while service fuel prices significant
Slide 10: Q2 2026 Financial Results
• Q2 2026 Highlights Q2 2026 Financial Results • Q2 2026 Financial Results Outlook • Outlook
Slide 11: Group Operations in Q2 2026
Group Operations in Q2 2026 Amounts are in ISK million Q2 2026 Q2 2025 Change % Change • Sales of goods and services increased by ISK Sale of goods and services 46,347 43,579 2,768 6.4% 2.8 billion, or 6.4% year-on-year. Excluding the Margin from sale of goods and services 11,522 11,008 514 4.7% imp
Slide 12: Margin From Sales in Q2 2026
Margin From Sales in Q2 2026 Grocery and convinience goods ISK 5.2 bn ISK 5.6 bn ISK 4.5 bn ISK 4.0 bn Sales margin 23.8% 25.3% 24.9% 22.7% 23.0% 23.5% 23.6% 23.9% ISK 11.0 bn ISK 11.5 bn Fuel and electricity ISK 8.6 bn ISK 2.3 bn ISK 2.2 bn ISK 7.8 bn ISK 1.9 bn ISK 1.6 bn 16.2% 18.9% 22.4% 20.0% Q
Slide 13: Salaries and other personnel expenses in Q2 2026
Salaries and other personnel expenses in Q2 2026 Salaries and other personel expenses Q2 2025 5,585 Salaries and other Full time equivalents Change in full-time position equivalents 192 personel expenses year-on-year comparison year-on-year comparison Contractual wage increases 191 Other changes 33
Slide 14: ELKO – Q2 2026 Operating Results
ELKO – Q2 2026 Operating Results 6 2 yrs Electronics stores Equality award Happiest customers in Jafnvægisvogin 2025 the electronics market • Revenue amounted to ISK 5.0 billion, an increase of ISK 51 million, or 1.0% year-on-year. ISK million Q2 2026 Q2 2025 Change % Total revenue 5,003 4,952 51 1.
Slide 15: Krónan – Q2 2026 Operating Results
Krónan – Q2 2026 Operating Results 26 9 yrs Grocery stores Sustainability ace two Happiest customers • Revenue amounted to ISK 21.7 billion, an increase of times running in the grocery market ISK 1.6 billion, or 8.1% year-on-year. • Store count remained unchanged year-on-year, while a ISK million Q2
Slide 16: Lyfja – Q2 2026 Operating Results
Lyfja – Q2 2026 Operating Results 42 Pharmacies and outlets Equality award Strongest in Jafnvægisvogin 2025 Iceland 2025 • Revenue amounted to ISK 5.3 billion, an increase of ISK 328 million, or 6.6% year-on-year.. ISK million Q2 2026 Q2 2025 Change % Total revenue 5,290 4,961 328 6.6% • Margin leve
Slide 17: N1 – Q2 2026 Operating Results
N1 – Q2 2026 Operating Results 94 11 16 Fuel dispenser Tire and oil EV charging • Revenue amounted to ISK 15.5 billion, an increase of locations service stations locations ISK 1.0 billion year-on-year. • Sales of fuel and electricity increased by ISK 0.9 billion, ISK million Q2 2026 Q2 2025 Change %
Slide 18: Yrkir – Q2 2026 Operating Results
Yrkir – Q2 2026 Operating Results 84 99% 90% Properties owned Properties rented out Own use of properties by Group • Revenue amounted to ISK 1.2 billion, an increase of ISK 92 million, or 8.2% year-on-year. • Net operating income (NOI) amounted to ISK 1,016 ISK million Q2 2026 Q2 2025 Change % milli
Slide 19: Balance Sheet as of 30.06.2026
Balance Sheet as of 30.06.2026 Balance sheet expanded by ISK 0.6 billion over H1-26. • Capex amounted to ISK 3.2 billion during the period. Amounts are in ISK million 30.6.2026 31.12.2025 Change % • Higher global fuel prices increased working capital Operating assets 44,385 43,655 730 1.7% requireme
Slide 20: Cash Flow Statement for Q2 2026
Cash Flow Statement for Q2 2026 Cash flow remained affected by one-off items • Higher fuel prices and reduction in VAT rate on fuel increased working capital tied up in inventories and trade ISK millions Q2 2026 Q2 2025 Change % receivables by ISK 3.5 billion. Cash at the beginning of the period 4,2
Slide 21: Outlook
• Q2 2026 Highlights Q2 2026 Financial Results • Q2 2026 Financial Results Outlook • Outlook
Slide 22: Outlook for 2026
Outlook for 2026 Key Assumptions • Continued tensions in the Discussion Middle East have created significant uncertainty. Outlook for the business remains positive despite continued economic and geopolitical • Fuel prices have increased uncertainty. significantly due to concerns Krónan continues to
Slide 23: Market Information
Market Information Shareholders (10 largest) % Market information 30.6.2026 31.12.2025 Change Lífeyrissjóður verzlunarmanna 16.0 Issued shares 309 m. 309 m. -0.1% Lífeyrissj.starfsm.rík. A-deild 10.4 Price at the end of the period ISK 311 ISK 324 -4.0% Gildi - lífeyrissjóður 9.5 Market cap ISK 96,05
Slide 24: Thank you
• Thank you
Slide 25: Disclaimers
Disclaimers All information in this presentation is based on sources which Festi hf. considers reliable at the time of publication, but it cannot be guaranteed that the information is infallible. All information in this presentation is owned by Festi hf. It is not permitted to copy, change or distri