Festi Hf. · OMXICE:FESTI
Festi Hf — Q1 2026 Earnings Presentation
43 slides from Festi Hf's earnings presentation, Apr 30, 2026
Slide 1: Presentation of Q1 2026 results
Presentation of Q1 2026 results 30 April 2026 Ásta S. Fjeldsted Magnús Kr. Ingason
Slide 2: Quarterly highlights, In focus - ELKO, Q1 results 2026, Position and outlook
• Quarterly highlights In focus - ELKO • In focus - ELKO Q1 results 2026 • Q1 results 2026 Position and outlook • Position and outlook
Slide 3: Consolidated highlights Q1 2026
Consolidated highlights Q1 2026 Key points: - In line with management expectations • The quarter's operations performed well, and results Sale of goods and services Margin from sale Salaries/Margin from sale are in line with management’s ISK 40.1 bn. 24.3% 58.4% expectations. +6.0% YoY -0.1 p.p. YoY
Slide 4: Number of customers and sales increases in Q1 YoY
Number of customers and sales increases in Q1 YoY +1.4% +5.8% +18.5% +13.3% Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Number of customer transactions Digital solution transactions Items sold Liters sold 4
Slide 5: Increase in domestic and foreign card turnover
Increase in domestic and foreign card turnover 2024 2025 +10.3% +3.7% Q1 2025 Q1 2026 Q1 2025 Q1 2026 Domestic card turnover Foreign card turnover 5
Slide 6: Latest news from Festi and Bakkinn
Latest news from Festi and Bakkinn Festi bond and bill Second exercise period of Refrigerated warehouse issuance share option programme opened at Bakkinn • Sale of a new inflation-linked bond • The share option programme for all • A refrigerated warehouse for series was completed, with a permanent e
Slide 7: ELKO: Highlights of Q1 2026
ELKO: Highlights of Q1 2026 Online sales growth ELKO Smart Payments ELKO Smart and strong campaigns popular and gaining traction Assistant awarded • Share of online sales increased, • ELKO Smart Payments have • ELKO Smart Assistant received reaching 30.1% in Q1, compared been very well received in t
Slide 8: Krónan: Highlights of Q1 2026
Krónan: Highlights of Q1 2026 More Transactions Growth in Online Renovation of Krónan Krónan named Brand and Units Sold Sales Lindir of the year • Number of in-store • Online sales revenue • The refurbishment of • The Brand of the Year award transactions increased increased by 57% YoY. Krónan’s Lind
Slide 9: Lyfja: Highlights of Q1 2026
Lyfja: Highlights of Q1 2026 Lyfja app continues Lyfja acquires Borgar Jurtaapótekið off to a Lyfja.is on the right to gain traction Apótek good start track • 25% increase in digital • Lyfja has reached an • Jurtaapótekið was • 40% YoY revenue growth sales in Q1. agreement to acquire the introduced
Slide 10: N1: Highlights of Q1 2026
N1: Highlights of Q1 2026 Positive development N1 app continues to Electricity that pays New N1.is and of key metrics gain traction off summer preparations • Number of transactions • The number of active app • Margin from electricity sales • A new and redesigned website increased by 16% YoY in users
Slide 11: Quarterly highlights, In focus - ELKO, Q1 results 2026, Position and outlook
• Quarterly highlights In focus - ELKO • In focus - ELKO Q1 results 2026 • Q1 results 2026 Position and outlook • Position and outlook
Slide 12: Individual companies in the spotlight in financial presentations
Individual companies in the spotlight in financial presentations – Óttar Örn Sigurbergsson, MD of ELKO presents today Affiliates Bakkinn operates two ELKO is the largest Krónan is a low-cost Lyfja operates 44 N1 operates 29 Yrkir is responsible warehouses, in electronics store in retailer with 26 ph
Slide 13: ELKO
ELKO
Slide 14: Staðreyndir 2025
STAÐREYNDIR 2025 VERSLANIR VEFVERSLUN MANNAUÐUR VIÐSKIPTAVINIR FYRIRTÆKI 1.8 MILLJÓNIR 8 MILLJÓNIR 4,2 AFÍ5 94%ÁNÆGJA 22.000 FYRIRTÆKI HEIMSÓKNA HEIMSÓKNA STARFSÁNÆGJU Í VIÐSKIPTUM 200.000 EINSTAKIR 83% LANDSMANNA VIÐSKIPTAVINIR FYRIRTÆKI 18,5% HEIMSÆKJA AF VELTU VEFVERSLUN 1.000.000 VIÐSKIPTA YFIR
Slide 15: Þróun sölu
ÞRÓUN SÖLU söluþróun 6% 7% 21,8 ma. 7% 20,7 ma. Lykilhlutföll 8% 19,3 ma. 9% 18,1 ma. 18% 16,8 ma. 23,5%24,6% 15,3 ma. 16% 13,0 ma. 15,0% 14,9% 5% 2% 2% 14% 10,9 ma.11,2 ma. 8,5% 9,8% 10,2 ma.10,7 ma. 9,0 ma. breyting á vísitölu raftækja 5,1% 2,0% 1,2% 0,6% -1,0% -0,5% Framlegð Kostnaður EBITDA -2,6
Slide 16: Landið
LANDIÐ Norðausturland Stór Akureyrar Vestfirðir svæðið • Sala pr íbúa nokkuð jöfn um allt land Blönduós og nágrenni • Öflug dreifing á alla staði 2025 Meðaltal • Vefverslun sinnir öllum 2025 Meðaltal landsvæðum 2025 Meðaltal Austfirðir • Sama verð á flutningi á Snæfellsnesið 2025 Meðaltal þvottavél
Slide 17: Verslanir
VERSLANIR ELKOSkeifan ELKOLindir ELKOAkureyri ELKOKef Airport ELKOGrandi ELKOSmáralind Brottförog koma Október2026 Maí2026 17 17
Slide 18: ELKO Smáralind Maí 2026
ELKOSmáralind Maí2026 • Opnum nýja verslun í Smáralind maí/júní 2026 • Stærð um 200fm • Aðallega lítil raftæki, farsímar og tölvur • Sama útlit og aðrar verslanir • Við hlið nýju mathallarinnar, Garðurinn • Áður voru þar Sbarro og Bacco 18
Slide 19: Stefna
STEFNA
Slide 20: Skýr framtíðarsýn
STEFNA ELKO (2020) SKÝRFRAMTÍÐARSÝN LOFORÐ TILVIÐSKIPTAVINA OG TIL SAMSTARFSFÉLAGA AF HVERJU ERUMREKSTRI VIÐ Í 20 20
Slide 21: Skýr árangur
SKÝRÁRANGUR Í STEFNU ÁHERSLUM VERSLANIR STAFRÆN ÞRÓUN ÞJÓNUSTA SJÁLFBÆRNI VINNUSTAÐURINN LINDIR 1.SÆTI ELKJÖP 23.000 VÖRUR Í HRINGRÁS SÍÐUSTU 4 ÁR! 21
Slide 22: ELKO er að lifa stefnuna!
ELKO ER AÐ LIFA STEFNUNA! FRAMTÍÐARSÝN Í HÚS ÁNÆGÐUSTU VIÐSKIPTAVINIRNIR 22 22
Slide 23: Framtíðin
FRAMTIDIN TFT /, aww
Slide 24: Ný stefnuáherska
NÝ STEFNU ÁHERSLA LANGTÍMASAMBAND 24
Slide 25: Langtímasamband við viðskiptavini
LANGTÍMASAMBAND VIÐ VIÐSKIPTAVINI LANGTÍMASAMBAND NÝTT 5 ÁRA PLAN ERUM AÐ GERA ÆTLUM AÐ GERA Stafrænþróun ÁBYRGÐIR, VIÐGERÐIRVIÐBÓTARTRYGGING EINSTAKLINGSMIÐUÐ MÁNAÐARLEGAR ELKO OG VERKSTÆÐI ELKO SAMSKIPTI GREIÐSLUR KLÚBBURINN VIÐSKIPTAVINA - UPPLÝSINGAKERFI ELKO ELKO SNJALLGREIÐSLUR ÞJÓNUSTU SJÁLFV
Slide 26: Hvernig ætlum við að stækka
HVERNIG ÆTLUM VIÐ AÐ STÆKKA Hrein tækifæri þar semklípum við minnst af núverandi veltu fyrirtækjamarkaður fjártækni Aðrar mánaðarlegar áskriftir Stafrænþróun Epoqinnréttingar langtímaleiga 26 26
Slide 27: Takk fyrir
TAKK FYRIR
Slide 28: Quarterly highlights, In focus - ELKO, Q1 results 2026, Position and outlook
• Quarterly highlights In focus - ELKO • In focus - ELKO Q1 results 2026 • Q1 results 2026 Position and outlook • Position and outlook
Slide 29: Group Operations in Q1 2026
Group Operations in Q1 2026 Amounts are in ISK million Q1 2026 Q1 2025 Change % Chg. • Sale of goods and services increased by ISK Sale of goods and services 40,061 37,786 2,275 6.0% 2.3 billion or 6.0% YoY but 8.3% without effect of Margin from sale of goods and services 9,747 9,212 535 5.8% change
Slide 30: Sales margin in Q1 2026
Grocery and convinience goods Sales margin in Q1 2026 ISK 3.5 bn ISK 4.0 bn ISK 4.6 bn ISK 5.1 bn Sales margin 24.4% 24.3% 21.8% 22.6% 22.2% 23.3% 23.4% 21.1% ISK 9.7 bn Fuel and electricity ISK 1.8 bn ISK 9.2 bn ISK 1.6 bn ISK 1.4 bn ISK 7.0 bn ISK 1.1 bn ISK 6.2 bn 13.5% 16.7% 22.3% 21.5% Q1 2023
Slide 31: Salaries and other personnel expenses in Q1 2026
Salaries and other personnel expenses in Q1 2026 Salaries and other personel expenses Q1 2025 5,305 Salaries and other Full time equivalents personel expenses YoY comparison Change in full-time position equivalents 198 YoY comparison 2,000 Contractual wage increases 198 Change in personell expenses
Slide 32: ELKO – Highlights Q1 2026
ELKO – Highlights Q1 2026 6 Electronics stores Equality award Strongest in Jafnvægisvogin 2025 Iceland 2025 • Revenue was ISK 4.7 bn., increase of ISK 304 million or 7.0% YoY. ISK million Q1 2026 Q1 2025 Change % Total revenue 4,668 4,364 304 7.0% • Margin levels increase by 0.1 p.p from last quarte
Slide 33: Krónan – Highlights Q1 2026
Krónan – Highlights Q1 2026 27 9 yrs Grocery stores Sustainability ace two Happiest customers times running in the grocery market • Revenue was ISK 20.5 bn., an increase of ISK 2.4 bn. or 13.1% YoY. ISK million Q1 2026 Q1 2025 Change % • Same number of stores, a new bigger store in Reykjanes Total r
Slide 34: Lyfja – Highlights Q1 2026
Lyfja – Highlights Q1 2026 44 Pharmacies and outlets Equality award Strongest in Jafnvægisvogin 2025 Iceland 2025 • Revenue was ISK 5.2 bn., increase of ISK 450 million or ISK million Q1 2026 Q1 2025 Change % 9.5% YoY. Total revenue 5,185 4,735 450 9.5% • Margin level decreases by 1.4 p.p. YoY and b
Slide 35: N1 – Highlights Q1 2026
N1 – Highlights Q1 2026 94 12 16 Fuel dispenser Tire and oil EV charging • Revenue was ISK 10.8 bn., a decrease of ISK 0.7 bn. locations service stations locations YoY. • Sales of fuel and electricity decreased by ISK 0.6 bn. or ISK million Q1 2026 Q1 2025 Change % 6.8% YoY. Sales in litres increase
Slide 36: Yrkir - Highlights Q1 2026
Yrkir - Highlights Q1 2026 84 99% 90% • Revenue was ISK 1.2 bn., increase of ISK 96 mn. or 8.7% Properties owned Properties rented out Own use of properties by Group YoY. • Net operating income (NOI) of properties was ISK 994 million, compared to ISK 925 million in Q1 2025, increase ISK million Q1 2
Slide 37: Statement of Financial Position 31.03.2026
Statement of Financial Position 31.03.2026 Financial position increase ISK 0.4 bn. YoY. Amounts are in ISK million 31.3.2026 31.12.2025 Change % Operating assets 43,962 43,655 307 0.7% • Investments amount to ISK 1.4 bn. Intangible assets 25,912 26,026 (114) -0.4% • Inventories increase by ISK 2.0 b
Slide 38: Consolidated Statement of Cash Flow Q1 2026
Consolidated Statement of Cash Flow Q1 2026 Strong cash flow • Increased capital died up in inventories due to ISK millions Q1 2026 Q1 2025 Change % increased oil prices by ISK 1.3 bn. Cash at the beginning of the period 5,929 4,075 1,854 45.5% • Shorter deadline for payment of public levies by EBIT
Slide 39: Quarterly highlights, In focus - ELKO, Q1 results 2026, Position and outlook
• Quarterly highlights In focus - ELKO • In focus - ELKO Q1 results 2026 • Q1 results 2026 Position and outlook • Position and outlook
Slide 40: Market related information
Market related information Shareholders (10 largest) % Market information 31.3.2026 31.12.2025 Change Lífeyrissjóður verzlunarmanna 15.5 Issued shares 307 m. 309 m. -0.6% Lífeyrissj.starfsm.rík. A-deild 10.3 Price at the end of the period ISK 320 ISK 324 -1.2% Gildi - lífeyrissjóður 9.7 Market cap I
Slide 41: Outlook for 2026
Outlook for 2026 Assumptions for guidance • Ongoing tension in the Middle East has created Position and outlook: significant uncertainty in Positive outlook for 2026, despite continued uncertainty in economic and international international affairs. affairs. • Commodity market prices The main uncert
Slide 42: Thank you
• Thank you
Slide 43: 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