Iceland Seafood International Hf · OMXICE:ICESEA
Iceland Seafood International Hf — Iceland Seafood International — 9M 2025 Earnings Presentation
14 slides from Iceland Seafood International Hf's earnings presentation, Nov 13, 2025
Slide 1: 9M 2025 Results
9M 2025 Results Iceland Seafood International 13.11.2025
Slide 2: Iceland Seafood International Key numbers
Iceland Seafood International IS Iceland Key numbers €443 m 10 Revenues in 2024 Businesses 10 6 Businesses 45 Oceanpath Countries we trade in Value-added factories IS Germany 72.000 MT 1.0+ m IS France Of products sold Meals sold every day IS Ibérica 765+ 5000+ Employees 2024 Customers Thorpesca Ach
Slide 3: Cod prices remain at record highs, while Salmon prices are on an upward trend
Cod prices remain at record highs, while Salmon prices are on an upward trend in line with recent years • Cod prices are historically high due • Ongoing economic and political Year taken off with lower-than-expected salmon prices to quota cuts in the Barents Sea and challenges continue to impact 12
Slide 4: Food inflation easing and on a downward trend while interest rates hold steady in key markets
Food inflation easing and on a downward trend while interest rates hold steady in key markets Eurozone 2.15% Federal Reserve 4.00% UK 4.00% Iceland 7.5% • Food inflation has decreased in all key markets. • Interest rates have decreased in the US and remained unchanged in other markets from last quar
Slide 5: Financial performance 9M 2025
9M 2025 Financial performance
Slide 6: VA S-Europe: Resilient performance in the first nine months
> VA S-Europe Resilient performance in the first nine months, with sales value and volume remaining largely stable €m's Q3 25 9M 25 9M 2025 sales 1% down vs 9M 2024 Normalized PBT of €2.9m, down Sales 42.6 152.6 • Ibérica Group sales decreased by 1% in value and by €0.4m on 9M 2024 1% in volume comp
Slide 7: VA N-Europe: Strong first nine months with solid growth in sales value and volume
> VA N-Europe Strong first nine months with solid growth in sales value and volume €m's Q3 25 9M 25 Sales are 7% up from last year Normalised PBT €1.4m ahead of Sales 14.0 42.6 • Sales in Ireland were 7% ahead of the same results in 9M 2024 period last year and 4% higher in volume. • Salmon prices l
Slide 8: Sales & distribution: Third consecutive solid quarter, with strong cod sales
> Sales & distribution Third consecutive solid quarter, with strong cod sales driving results €m's Q3 25 9M 25 Sales are 27% ahead of last year NPBT of €3.2m, up €0.9m from Sales 59.7 161.8 • Strong sales, especially out of IS Iceland, in the 2024 quarter, driven by significant demand for cod and •
Slide 9: Solid third consecutive quarter, reflecting continued strong results
Solid third consecutive quarter, reflecting continued strong results €m's Q3 25 9M 25 Group sales in 9M 2025 up 11% on • Normalised PBT of €4.1m was up Sales 113.7 347.6 9M 24 €1.6m from 9M 2024 Net margin 11.0 33.9 • Continued strong Cod demand due to lower • EBITDA has improved by €6.8m and Net pr
Slide 10: Condensed consolidated statement of financial position
Condensed consolidated statement of financial position at 30 September 2025 €m's 30.9.25 30.9.24 €m's 30.9.25 30.9.24 Fixed assets / Inv. property 37.7 33.6 Total Equity 77.6 71.4 Leased assets 1.3 1.4 Thereof minority interest 2.3 2.1 Intangible assets 56.7 56.5 Long-term borrowings 33.9 12.7 Fin.
Slide 11: Outlook
9M 2025 Results Outlook
Slide 12: The Outlook for 2025 is €7.5-9.5 million
The Outlook for 2025 is €7.5-9.5 million • Cod prices are expected to remain • All divisions are expected to perform Group results are influenced by various external factors such as: elevated due to quota reductions and in line with budget targets. However, the U.S. ban on Russian fish, which is per
Slide 13: Forward looking statements
Forward looking statements Disclaimer This presentation is furnished and intended for European market participants and should be viewed in that manner. Any potential forward looking statements contained in this presentation are reflective of management's current views on future events and performanc
Slide 14: We are Iceland Seafood
We are Iceland Seafood www.icelandseafood.com
Iceland Seafood International — 9M 2025 Earnings Presentation on 6ix