Festi: Financial results for Q1 2026

About this update from Festi Hf.

Festi’s operations in line with expectations – Q1 profit amounted to ISK 218 million Main results in Q1 2026 Ásta S. Fjeldsted, CEO: “Operations performed well during the quarter and were in line with management’s expectations. Total revenues increased by 6.0% YoY, while sales volumes increased across most product categories; the number of transactions increased by 1.4%, the number of items sold increased by 5.8%, and the number of fuel litres sold increased by 18.5%, primarily driven by sales to high-volume customers. Transaction growth through digital channels remains strong, with the number of transactions increasing by 13.3% YoY. As elsewhere in the economy, wage costs and input prices have increased, but targeted measures have largely offset these effects. Salaries and employee-related expenses increased by 3.5% overall, excluding the effects of changes in full-time equivalents. Our focus is on maintaining competitiveness while ensuring sustainable operations over the longer term. Investments in digital solutions and data-driven decision-making continue to deliver increased efficiency. The use of artificial intelligence and automation in key areas of the operations has already had a positive impact, although there remain many opportunities for further development. Profit for the first quarter amounted to ISK 218 million, a decrease of ISK 61 million YoY. The equity ratio was 38.7% at the end of the quarter, a decrease of 3.5% from year-end 2025, while dividends paid to shareholders on 9 April amounted to ISK 2.2 billion. The company’s liquidity position is good and its balance sheet remains strong,” says Ásta S. Fjeldsted, CEO of Festi. Main news from the company’s operations “The outlook for 2026 is good, despite uncertainty in economic developments, rising inflation forecasts and ongoing tensions in the Middle East. The closure of the Strait of Hormuz has had wide-ranging effects on global market prices for oil and other inputs based on fossil fuels. The effects on tourism and other domestic industries remain unclear, but the summer months ahead are typically the busiest period in the Group’s operations. We will continue to seek ways to counter increases in product prices – and thereby inflation – through improved operations and lower unit prices. Our priorities this year remain strong operational performance across our companies and investment in their future. We continue to be guided by our purpose of improving everyday life and creating value in harmony with society,” says Ásta S. Fjeldsted. Attachments

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