Slide 1: Eimskip Q2 2026 Results
Eimskip Q2 2026 Results 25 August 2026
Slide 2: Q2 2026 highlights
Q2 2026 The estimated annual impact of executed initiatives amounts to EUR 13m, whereof EUR 3.2m was Logistics and agency with a strong results, supported by improved performance in trucking highlights realized in Q2, contributing EUR 2.7m to EBITDA. Year to date, initiatives have delivered a total
Slide 3: Service segments
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Slide 4: The only Pan-Arctic ocean carrier
The only Pan-Arctic ocean carrier Strong connections to international markets via global network
Slide 5: Liner segment
Liner segment Strong IS volume offsetting 3,000 teus weaker industrial cargo exports from Iceland Volume development by quarter Change by trade lines Liner results teus ‘000 teus ‘000 EURm - 2.4% 0.5 0.3 54.9 0.1 0.6 53.6 Q2 26 Q2 25 YoY % Q1 26 QoQ % -0.4 -0.8 -0.9 0.0 -0.5 Revenue 117.4 107.0 9.7%
Slide 6: Purple line – Container system
Purple line – Container system Direct and reliable weekly connection supporting growing transport of fresh seafood and salmon 7
Slide 7: Current Orange line – Reefer system
Current Orange line – Reefer system Dynamic weekly service connecting Norway to the Continent and the Container system 8
Slide 8: Orange line from early September – Reefer system
Orange line from early September – Reefer system Dynamic weekly service connecting Norway to the Continent and the Container system 9
Slide 9: Geopolitics continue to shape the external environment
Geopolitics continue to shape the external environment Global freight rates increased due to surge in bunker prices and disruption in cargo flow Bunker price development YTD Drewry World Container Index development YTD USD/ton USD/40ft container 1,600 5,000 1,400 4,500 1,200 4,000 3,500 1,000 3,000
Slide 10: Global freight forwarding network
Global freight forwarding network DONE Specialized in temperature controlled commodities operating in 30 locations in 20 countries
Slide 11: Forwarding segment
Forwarding segment Good volume growth across most markets at elevated rate levels improving results Volume development by quarter Volume bridge and split by geography Forwarding results teus ‘000 teus ‘000 EURm + 5.5% 40.5 41.1 39.7 37.6 37.3 0.7 0.6 -0.2 0.9 39.7 37.6 11.9 10.5 Q2 26 Q2 25 YoY % Q1
Slide 12: Forwarding volume split 1H 2026
Forwarding volume split 1H 2026 Other trades 11% Europe - Intra - N-America Europe Europe - Asia - Asia N-America 4% 4% 18% 8% Asia - Europe 23% Europe - Africa Intra - Asia 12% 13% Intra - Africa 2% Asia - Africa 5% 13
Slide 13: Logistics and agency services
Logistics and agency services DONE Providing holistic door-to- door solutions leveraging local expertise and strong infrastructure
Slide 14: Logistics and agency segment
Logistics and agency segment Good results driven by high activity in trucking and terminal operations Percentage split of revenue Logistics and agency results EURm 4% 2% 2% 3% 3% 3% 7% 22% 22% 22% 21% 22% High activity in trucking and terminals in 22% Q2 26 Q2 25 YoY % Q1 26 QoQ % Iceland, while sof
Slide 15: Logistics volume development
Trucking Warehouses Tons ‘000 Pallets ‘000 Logistics 250 200 181 184 volume 168 150 147 627 137 574 591 593 598 100 94 96 84 development Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q2 2025 Q3 2025 Q4 2025 67 Q1 2026 73 Q2 2026 50 0 Pallets out Average # of pallets Terminals Cold storages Lifts ‘000 Pall
Slide 16: Financial results
Financial results BEIMSKIP
Slide 17: Income statement Q2 2026
Income statement Q2 2026 Improved results of core operations supported by planned efforts and healthy volumes Q2 Q2 Change % Revenue increased by 11.4%, mainly driven by higher global freight rates and increase in EURm 2026 2025 bunker surcharges. Revenue 225.4 202.3 23.1 11.4% Expenses 204.1 181.1
Slide 18: Revenue analysis
Revenue analysis Sharp increase in bunker charges and higher freight rates coupled with good volume drive revenue growth Total revenue development Geographical split of revenue Total revenue increased by EUR 23.1m or 11.4% YoY. EURm + 11.4% Liner revenue increased by 10.3% or EUR 9.9m while volume d
Slide 19: Revenue bridge by business activity
Revenue bridge by business activity EURm 13.6 1.5 0.0 Revenue 9.3 0.7 -0.4 -0.1 -1.3 -0.1 bridge 202.3 225.4 Q2 2025 Cont. Reefer Forwarding Trucking WH & CS Terminal Agency Logistics Other Q2 2026 Liner Liner Other 20
Slide 20: Expense analysis
Expense analysis Surge in bunker prices driving 3rd party and bunker expenses mitigated by planned efforts Total expenses development Expense bridge EURm EURm + 12.7% Expenses increased by EUR 23m or 12.7% YoY. The consequences of the heightened geopolitical tension and conflict in the Middle East i
Slide 21: Expense bridge by business activity
Expense bridge by business activity EURm 0.3 Expense 12.1 0.5 0.1 0.4 10.5 1.4 -1.2 -1.0 bridge 181.1 204.1 Q2 2025 Cont. Reefer Forwarding Trucking WH & CS Terminal Agency Logistics Other Q2 2026 Liner Liner Other 22
Slide 22: EBITDA
EBITDA Good result in a challenging operational environment. Forwarding and Logistic segments contributing to improved result. EBITDA development by quarter EBITDA bridge by business activity EURm EURm + 0.5% 1.1 1.0 1.5 -0.1 -0.6 -0.3 -0.5 -1.2 -0.7 21.2 21.3 21.2 20.4 21.3 12.7 9.3 Q2 Q3 Q4 Q1 Q2
Slide 23: Cash flow and leverage
Cash flow and leverage Solid cash flow from operations following improved results in the quarter Cash flow from operations development by quarter EURm Cash flow bridge 15.1 13.7 EURm 0.7 5.2 2.9 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 1.5 21.3 0.1 (9.2) (4.5) Net interest-bearing debt and leverage r
Slide 24: Maintenance capex in line with plan
Maintenance capex New investment capex EURm EURm 29-32 15-18 13.9 14.9 Maintenance 6M 2025 6M 2026 2026 Plan 3.9 6M 2025 4.6 6M 2026 2026 Plan capex in line Maintenance capex amounting to EUR 14.9m YTD. New investment capex amounting to EUR 4.6m YTD. with plan Most significant cost items include ves
Slide 25: Business stories
Laga milliglæru Business stories
Slide 26: Strategic framework: Vision, Values, Mission
Strategic framework Connect Vision communities, deliver prosperity Teamwork Values Innovative Reliability Respect Mission Our solutions, your success Strategic Pillars Customer-centric services Operational efficiency Empower our people Innovate & Automate
Slide 27: Building the Digital Liner Business
Building the Digital Customer-centric services Liner Business Operational efficiency Focus on digital solutions Empower our people Our continued investment in digital solutions puts the customer first, enhancing service levels, increasing visibility Innovate & Automate and simplifying interactions a
Slide 28: Investment in new reefer containers strengthens visibility and cargo safety
Investment in new reefer containers strengthens visibility and cargo safety Reefer containers constitute By the end of 2026, Eimskip will operate close By the end of 2028, over 80% of approximately 26% of the overall to 2,000 telemetrically connected reefer the reefer container fleet will be contain
Slide 29: Eimskip Denmark Trainee Education Program
Eimskip Denmark Trainee Education Program Building a strong pipeline of future logistics talent Eimskip Denmark’s two-year Trainee Program combines formal education with practical experience across key areas of the business, creating a strong pipeline of future logistics and shipping professionals.
Slide 30: Outlook
Laga milliglæru Outlook
Slide 31: Q3 Outlook
Q3 Outlook A new direct and reliable weekly service from Faroes to Forwarding volumes are estimated to remain in line with Rotterdam commenced in August supporting exports of both Q2 and last year, as equipment shortages in Europe fresh seafood, particularly salmon. However lower volumes and limited
Slide 32: Thank you
Thank you Thank you
Slide 33: Appendix
Vala, Skipta út mynd Appendix
Slide 34: This is Eimskip
This is Eimskip Since 1914 Eimskip has been a trusted partner in global logistics with a network spanning 20 countries, 56 offices and 1,700 employees. To ensure reliable door-to-door solutions for our customers, our services include container and reefer vessel operations in the North- Atlantic, ter
Slide 35: Our solutions, your success
Our solutions, your success Liner services Forwarding services Logistics and agency Liner services includes container- and reefer liner Forwarding services represents sale and services of Logistics and agency services represents trucking services in the North-Atlantic. This includes import transport
Slide 36: Income statement by segments Q2 2026
Income statement by segments Q2 2026 compared to Q2 2025 Liner Forwarding Logistics and agency Elimination Total EURm Q2 2026 Q2 2025 YoY % Q2 2026 Q2 2025 YoY % Q2 2026 Q2 2025 YoY % Q2 2026 Q2 2025 Q2 2026 Q2 2025 YoY % Revenue 117.4 107.0 9.7% 87.4 71.7 22.0% 74.6 69.1 8.0% -54.1 -45.4 225.4 202.
Slide 37: Income statement by segments 6M 2026
Income statement by segments 6M 2026 compared to 6M 2025 Liner Forwarding Logistics and agency Elimination Total EURm 6M 2026 6M 2025 YoY % 6M 2026 6M 2025 YoY % 6M 2026 6M 2025 YoY % 6M 2026 6M 2025 6M 2026 6M 2025 YoY % Revenue 221.0 211.0 4.7% 154.1 149.2 3.3% 142.0 133.9 6.0% -100.0 -90.6 417.1
Slide 38: Container liner analysis
Container liner analysis Lower bunker consumption per sailed mile and stable utilization LTM bunker consumption development LTM sailed miles development Vessel utilization Metric ton (‘000) Thousand Miles (‘000) 85% 84% 82% 83% 81% 763 763 751 741 734 65% 71.4 71.0 68.9 67.4 66.5 62% 61% 60% 60% Q2
Slide 39: Drewry World Container Index
Drewry World Container Index USD/40ft container 12,000 10,000 8,000 6,000 4,000 2,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3.... 2021 2022 2023 2024 2025 2026 World Index RTM-NY NY-RTM Source: Drewry WCI – 1 January 2021 to 13 August 2026 40
Slide 40: Balance sheet and cash flow
Balance sheet and cash flow EURm 30.06.2026 31.12.2025 Change Q2 2026 Q2 2025 Change EURm Non-current assets 492.1 466.0 26.1 EBITDA 21.3 21.2 0.1 Fixed assets 304.1 298.4 5.7 Working Capital changes and other adjustments 1.5 5.4 -3.9 Right-of-use assets 118.5 105.6 12.9 Paid taxes 0.1 -2.8 2.9 Othe
Slide 41: Key figures by quarter
Key figures Operating results Q2 2026 Q1 2026 FY 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2025 FY 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2024 by quarter Revenue Expenses Salaries and related expense 225.4 204.1 42.6 191.7 182.5 40.9 807.5 737.8 163.2 198.5 185.7 41.0 205.4 185.0 39.3 202.3 181.1 42.2 201.3 186.0 40
Slide 42: Eimskip
E/JEIMSKIP
Slide 43: Disclaimer
Disclaimer Information contained in this presentation is based on sources activities are forward-looking statements which reflect the that Eimskipafélag Íslands hf. (“Eimskip“ or the ”Company“) Company’s current analysis of existing trends, information and considers reliable at each time. Its accura