Hagar Hf. · OMXICE:HAGA
Hagar Hf — Q1 2026/27 Earnings Presentation
28 slides from Hagar Hf's earnings presentation, Jul 1, 2026
Slide 1: Investor Presentation Q1 2026/27
Investor Presentation Q1 2026/27 Strong start to the year with solid performance across all business units Finnur Oddsson, CEO Guðrún Eva Gunnarsdóttir, CFO 1 July, 2026 *This presentation is translated from the Icelandic version which was published on 30 June, 2026. Should there be discrepancies be
Slide 2: Overview
Overview Operational Overview Business Updates Financial Statements Status and Outlook 2
Slide 3: Quarter at a Glance: Key Figures
Quarter at a Glance: Key Figures Q1 2026/27 (changes from Q1 2025/26) 50.8 b.ISK 5.1 b.ISK 1.9b.ISK sales EBITDA profit 5,5% 26.9% 64.5% 26.2% 16.7% 37.7% gross margin OPEX ratio equity ratio 2.0 pp 0.3 pp 0.6 pp 3
Slide 4: Operations: Key takeaways from the quarter
Operations: Key takeaways from the quarter Strong first-quarter performance, exceeding expectations - profitability improved year-on-year, driven by Olís and the impact of higher global oil prices during the quarter, as well as stronger performance from the Icelandic retail stores and warehouses
Slide 5: Operating segment #1: Focus on Salling while maintaining strong results
Operating segment #1: Focus on Salling while maintaining strong results Stores & Warehouses (Iceland) - Income Statement Q1 2026/27 (m.ISK) Q1 '26/27 Q1 '25/26 Δ %Δ Revenue from groceries, specialty products and warehouses amounted to ISK 35.7bn, increasing by Revenue 35.742 33.595 2.147 +6,4% jus
Slide 6: Bónus: Salling will lower customer prices and strengthen operations
Bónus: Salling will lower customer prices and strengthen operations Product sales amounted to ISK 25.7 billion in the first quarter, increasing by almost 7% year-on-year - higher volumes and a continued focus on efficiency drove an even stronger improvement in profitability Positive momentum in
Slide 7: Hagkaup: Operational improvements delivering results
Hagkaup: Operational improvements delivering results Q1 product sales amounted to over ISK 6.7bn and increased by just over 5% year-on-year - profitability strengthened considerably more than revenue Good progress has been made in improving labor efficiency and reducing shrinkage, supporting mar
Slide 8: Operating segment #2: Profitability strengthened due to unusual conditions in the oil market
Operating segment #2: Profitability strengthened due to unusual conditions in the oil market Olís - Income Statement Q1 2026/27 (m.ISK) Q1 revenue amounted to nearly ISK 11.6bn and increased by Q1 '26/27 Q1 '25/26 Δ %Δ just over 2% year-on-year - excluding volume sold, global Revenue 11.598 11.355
Slide 9: Operating segment #3: Operations performing well with continued development
Operating segment #3: Operations performing well with continued development Stores & Warehouses (Faroe Islands) - Income Statement Q1 2026/27 (m.ISK) Q1 '26/27 Q1 '25/26 Δ %Δ Q1 revenue amounted to over ISK 4bn and increased by just over 7% year-on-year - EBITDA Revenue 4.066 3.790 276 +7,3% amoun
Slide 10: Overview
Overview Operational Overview Business Updates Financial Statements Status and Outlook 10
Slide 11: General Overview: Selected operational highlights
General Overview: Selected operational highlights Selfoss Bónus store expanded Planned expansion in Ölfus Bónus in Selfoss expanded by Hagar plans to establish a new ~350 sqm and fully refurbished operation in Þorlákshöfn over the at the end of Q1 coming months A successful refurbishment that
Slide 12: Salling: Sales of Salling products have got off to an excellent start
Salling: Sales of Salling products have got off to an excellent start The partnership with Salling has got off to a very strong start, with a well-established and reliable product flow from Denmark Nearly 500 products are now available in Bónus and Hagkaup, with the range expected to exceed 1,00
Slide 13: Hagar Media: Hagar Media launched and generating its first revenues
Hagar Media: Hagar Media launched and generating its first revenues Hagar Media has made strong progress in recent weeks, with active sales, initial revenues and positive supplier feedback A well-attended launch event for suppliers and marketing professionals confirmed strong interest in Hagar M
Slide 14: Overview
Overview Operational Overview Business Updates Financial Statements Status and Outlook 14
Slide 15: Strong operating performance with profit up nearly 65% YoY
Strong operating performance with profit up nearly 65% YoY Income Statement Q1 2026/27 (m.ISK) Q1 '26/27 Q1 '25/26 Δ %Δ Sales in Q1 amounted to 50.8 b.ISK., rising by 5.5% YoY - strong growth across all Sales 50.785 48.115 2.670 +5,5% business units; abolition of fuel duties reduces Gross profit 1
Slide 16: Gross margin increased due to temporary conditions in the oil market
Gross margin increased due to temporary conditions in the oil market Key operational metrics (3M 2022/23 - 3M 2026/27) Strong sales growth YoY driven by Sales (m.ISK) Gross margin (%) all business segments - Olís’ revenue Sales and 48,1 50,8 24,1 26,2 sensitive to global oil prices while gross 38,
Slide 17: Temporary fluctuations in working capital reduced cash flow
Temporary fluctuations in working capital reduced cash flow Cash Flow Statement 3M 2026/27 (m.ISK) 3M 2026/27 3M 2025/26 Change Net cash from operating activity 752 Profit for the period 1.917 1.165 was 635 m.ISK in Q1, compared to 5.4 b.ISK in prior year - decline was 3.232 2.868 364 Adjustments
Slide 18: Working capital increased due to higher oil prices
Working capital increased due to higher oil prices Balance Sheet 31 May 2026 (m.ISK) Non-current assets amounted to 90.1 b.ISK, remaining broadly unchanged from 31.05. 28.02. 31.05. 28.02. 2026 2026 %Δ 2026 2026 %Δ year-end 2025/26 Property, plant and equipment 38.255 37.836 +1% Borrowings 14.281
Slide 19: Higher working capital impacted cash conversion
Higher working capital impacted cash conversion Key financial metrics (3M 2022/23 – 3M 2026/27) Return on equity was 20.5% over the Return on equity (%) Equity ratio (%) last 12 months - down due to one-off Share- 25,3 40,2 20,5 37,4 35,6 36,7 37,7 gains in the comparative period holders 17,2 18,9
Slide 20: Overview
Overview Operational Overview Business Updates Financial Statements Status and Outlook 20
Slide 21: Share price and largest shareholders
Share price and largest shareholders Price Share price 31.05.2026: 126,0 ISK/share 140 120 100 80 60 40 1.7.2020 1.1.2021 1.7.2021 1.1.2022 1.7.2022 1.1.2023 1.7.2023 1.1.2024 1.7.2024 1.1.2025 1.7.2025 1.1.2026 Date Largest shareholders, shares held at 31.05.2026 1. Gildi - lífeyrissjóður 16,3% 6.
Slide 22: Earnings per share continue to strengthen
Earnings per share continue to strengthen Accumulated basic earnings per share for the past 12 months (ISK per share) Earnings per share (EPS) have increased rapidly in 271% 28% (11%**) recent periods and now 7,49 7,75 7,46 amounting to ISK 7.46 - profit 6,75 0,91* 0,91* 6,75 6,47 in Q1 positively
Slide 23: Status and outlook
Status and outlook Operations remain strong, key operating units continue to outgrow the market and the outlook is generally positive - although external conditions remain challenging... ... challenging domestic economic conditions, including inflation, interest rates and uncertainty regarding wag
Slide 24: Questions?
SÍÐA TILBÚIN Questions? 24
Slide 25: Companies within the Hagar Group in Iceland
Companies within the Hagar Group in Iceland ASSOCIATES WITHIN THE GROUP Bónus is a chain of discount Hagkaup is a leading Olís specialises in the sale and Eldum rétt offers it’s customers stores that, from its founding, department store which service of fuel and other oil meal kits - available throu
Slide 26: Companies within the Hagar Group in Faroe Islands
Companies within the Hagar Group in Faroe Islands Bónus is a nationwide chain of Miklagarður is a hypermarket Mylnan is a combination of a SMS operates four restaurants affordable grocery stores in the offering a wide range of convenience store and a in the main shopping mall, i.e. Faroe Islands, kn
Slide 27: Disclaimer
Disclaimer On behalf of Hagar, attention is drawn to the fact that the statements and information in this presentation are based on, as appropriate, the plans and estimates of the company's directors, but not on facts that may be verified at the time of publication or by any discussion by the compan
Slide 28: .hagar
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