Hagar Hf. · OMXICE:HAGA

Hagar Hf — Q1 2025/26 Earnings Presentation

25 slides from Hagar Hf's earnings presentation, Jun 26, 2025

  1. Slide 1: Presentation of results Q1 2025/26

    Presentation of results Q1 2025/26 Improved profits and a strong start to the fiscal year Finnur Oddsson, CEO Guðrún Eva Gunnarsdóttir, CFO *This presentation is translated from the Icelandic version which was published on June June 26th, 2025 26th, 2025. Should there be discrepancies between the tw

  2. Slide 2: Overview

    Overview Highlights from operations Financial statements Status and prospects 2

  3. Slide 3: Quarter in a nutshell: Key figures

    Quarter in a nutshell: Key figures Q1 2025/26 (changes from Q1 2024/25*) 48.1 b.ISK 4.0 b.ISK 1.2 b.ISK sales EBITDA profit 9.2% 25.9% 37.1% 24.1% 16.4% 36.7% gross margin ratio salaries and cost ratio equity ratio 2.5%points 1.7%points 1.1%points *P/F SMS b e c a me p a rt o f the Ha g a r Gro up i

  4. Slide 4: External effects: Stable inflation, weaker USD and fuel in falling phase

    External effects: Stable inflation, weaker USD and fuel in falling phase Price Index, annual change, % 12.5  Relatively stable 10.0 8.9 inflation in the 7.6 7.7 8.0 7.9 8.0 7.7 7.5 6.7 6.6 6.8 6.0 6.2 5.8 6.3 6.0 period and ended at 5.4 5.1 4.8 4.8 4.6 5.0 4.2 3.8 4.2 3.8 3.8% - inflation lower 2.5

  5. Slide 5: Operations: What stands out in the quarter

    Operations: What stands out in the quarter  Operations in Q1 were generally good and slightly exceeded the management’s plan - revenue strengthened considerably between the years, mainly due to the impact of the SMS operation, as well as the operations of other Hagar sections being slightly better

  6. Slide 6: Segment #1: The operating year starts well with increased activity

    Segment #1: The operating year starts well with increased activity Stores and warehouses (Iceland) - Income Statement Q1 2025/26 (m.ISK) Q1 '25/26 Q1 '24/25 Δ %Δ  Income from groceries, specialty products and warehouses amounted to 33.6 b.ISK and increased by Income 33.595 31.430 2.165 +6,9% almost

  7. Slide 7: Bónus: Increased revenue and more visits

    Bónus: Increased revenue and more visits  Sales in Q1 amounted exceeded 24 b.ISK, an increase of 7.2% from the previous year - operations were successful and earnings strengthened year on year.  Activities continued to grow and the customers number increased significantly from the previous year, o

  8. Slide 8: Hagkaup: More visits and improved revenue

    Hagkaup: More visits and improved revenue  Sales in Q1 amounted to 6,4 b.ISK and grew by 9% from the previous year - revenue also strengthened considerably between the years.  Attendance significantly better than in the comparative year, but an increase in visits and the number of items sold - the

  9. Slide 9: Segment #2: Strong years start and exciting openings to come

    Segment #2: Strong years start and exciting openings to come Olís - Income Statement Q1 2025/26 (m.ISK) Q1 '25/26 Q1 '24/25 Δ %Δ  Revenue in Q1 amounted to almost 11.4 b.ISK and decreased by 13.1% - world market fuel prices lower Income 11.355 13.068 -1.713 -13,1% this year than in the comparison y

  10. Slide 10: Segment #3: Solid operations at years start with excellent revenue

    Segment #3: Solid operations at years start with excellent revenue Stores and warehouses (Faroe Islands) - Income Statement Q1 2025/26 (m.ISK) Q1 '25/26 Q1 '24/25 Δ %Δ  Revenue in Q1 amounted to 3,790 m.ISK - EBITDA for the quarter amounted to 528 m.ISK, or 13.9% of Income 3.790 0 3.790 - turnover,

  11. Slide 11: Overview

    Overview Highlights from operations Financial statements Status and prospects 11

  12. Slide 12: Operations good in the quarter and were in line with plans

    Operations good in the quarter and were in line with plans Income Statement Q1 2025/26 (m.ISK)  Sales in Q1 amounted to 48.1 b.ISK and grew by 9.2% year on year - an increase of 1.0% excluding Q1 '25/26 Q1 '24/25 Δ %Δ SMS. Sales 48.115 44.067 4.048 +9,2%  Gross margin in ISK amounted to 11.6 b.ISK

  13. Slide 13: Revenue ratios improve and gross margin strengthens

    Revenue ratios improve and gross margin strengthens Operational key factors (3M 2021/22 – 3M 2025/26)  The quarter's turnover increase was Sales (b.ISK) Gross margin (%) driven by the impact of the SMS and Sales and 48.1 24.1 38.2 41.5 44.1 21.4 19.8 19.5 21.6 good sales growth in stores and gross

  14. Slide 14: Cash increases to some extent during the period

    Cash increases to some extent during the period Cash flow statement 3M 2025/26 (m.ISK) 3M 2025/26 3M 2024/25 Change  Cash from operations amounted to 5.4 Profit for the period 1,165 850 315 b.ISK in Q1, an increase of 1.5 b.ISK from the previous year. Adjustments 2,868 2,361 507  Investing activit

  15. Slide 15: Strong economics at the end of the quarter

    Strong economics at the end of the quarter Balance Sheet May 31st, 2025 (m.ISK)  Non-current assets amounted to 81.3 31.05. 28.02. 31.05. 28.02. b.ISK and decreased slightly during Q1. 2025 2025 %Δ 2025 2025 %Δ Property, plant and equipment 36.384 35.632 +2% Borrowings 17.142 17.137 +0%  Current a

  16. Slide 16: Return on equity 25.3% at the end of the quarter

    Return on equity 25.3% at the end of the quarter Economic key factors (3M 2021/22 – 3M 2025/26)  Return on equity was 25.3% over the Return on equity (%) Equity ratio (%) past 12 months and rising slightly over Share- 25.3 41.2 the comparison period. 40.2 37.4 35.6 36.7 holders 17.2 18.9 13.9 16.2

  17. Slide 17: Overview

    Overview Highlights from operations Financial statements Status and prospects 17

  18. Slide 18: Market price and largest shareholders

    Market price and largest shareholders Market price Market price 31.05.2025: 102,0 ISK/share 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 Date Largest shareholders, shares held at end of 31.05.2025 1. Gildi - Pension fund 17.2% 6.

  19. Slide 19: Earning per share continue to strengthen

    Earning per share continue to strengthen Accumulated earnings per share last 12 months (ISK per share)  Earnings per share continue to grow and are now 5.84 ISK per share for the last 12 months, but 191% (236% with SMS**) 6.75 ISK per share if one-off 6.75 6.47 effects due to revaluation 0.91** 0.9

  20. Slide 20: Status and prospects

    Status and prospects  Operations for the year are off to a good start and the outlook is generally good - Global trade environment in turmoil with increased risk of tariffs and trade barriers - conflict in the Middle East creates uncertainty about fuel price developments - Still too excessive incre

  21. Slide 21: Questions?

    Questions? 21

  22. Slide 22: 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 retail Olís specialises in the sale and Eldum rétt offers it’s customers stores that, from its founding, company which emphasises on service of fuel and other oil food packages t

  23. Slide 23: 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

  24. Slide 24: 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

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Hagar hf. — Q1 2025/26 Earnings Presentation on 6ix