Syn revenue rises 2.8% to ISK 5.56 billion in Q2 FY26; adjusted EBITDAaL climbs 39% to ISK 995 million
Reuters2026/08/26 17:39- Syn posted Q2 revenue of ISK 5.56 billion, up 2.8% year on year; media revenue climbed 12.3%.
- Adjusted EBITDA (EBITDAaL) rose 39% to ISK 995 million, as total operating costs fell 2.3%.
- Operating cash flow increased to ISK 871 million from Q2 2025’s ISK 481 million; capex totaled ISK 691 million.
- Talks with Ása on selling its web and radio media ended in August without a signed deal; assets remain in-house.
- CEO Herdís Dröfn Fjeldsted said H1 adjusted EBITDA rose 42% to ISK 1.84 billion; net interest-bearing debt fell by over ISK 1 billion since year-end.
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.
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