Festi Q2 FY26 profit totals ISK 1.3 billion; sales rise 6.4% to ISK 46.35 billion

Reuters2026/07/28 16:09

By:Reuters

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Festi Q2 2026 sales rose 6.4% to ISK 46.35 billion; profit totaled ISK 1.3 billion, with return on equity at 13.1%.
EBITDA slipped 0.8% to ISK 3.91 billion; margin level narrowed 0.4 percentage point to 24.9%.
Operating cash flow dropped to ISK 287 million, down ISK 4.92 billion year-on-year on one-off working-capital movements.
Net interest-bearing debt climbed to ISK 39.21 billion, up ISK 6.27 billion from year-end 2025, reflecting higher working-capital needs tied to fuel prices.
2026 EBITDA guidance cut by ISK 500 million to ISK 16-16.5 billion on lower-than-expected margin from fuel sales; fuel volumes fell 4.3% on weaker B2B.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FESTI hf. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607281208OMX_____CNEWS_EN_GNW1001254853_en) on July 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Festi Q2 FY26 profit totals ISK 1.3 billion; sales rise 6.4% to ISK 46.35 billion

You may also like

Crypto prices