Income Statement Sildarvinnslan Hf.

Equities

SVN

IS0000000479

Fishing & Farming

Market Closed - Nasdaq Iceland Other stock markets 12:00:00 2026-05-18 pm EDT			5-day change	1st Jan Change
110.25 ^ISK	+0.23%		-0.68%	+12.50%

Mar. 08	Sildarvinnslan Hf. announces Annual dividend, payable on March 25, 2026	CI
Mar. 05	Sildarvinnslan Hf. Reports Earnings Results for the Full Year Ended December 31, 2025	CI

03.AQn276vNL6iJO0u0MYEwgfdVuahBGTR7_YvHXhEvMwM.YEqcjuyiS577UgL5Ychd9rlj1e0TTQwkzPGSbmJIUFVJTKej5o93274Ncw

Published financial data: SILDARVINNSLAN HF.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	237M	310M	404M	325M	378M
Total Revenues	237M	310M	404M	325M	378M
Cost of Goods Sold, Total	87.76M	132M	173M	142M	150M
Gross Profit	149M	178M	231M	182M	228M
Selling General & Admin Expenses, Total	56.9M	64.83M	101M	89.08M	105M
Depreciation & Amortization - (IS)	10.98M	14.23M	21.23M	19.36M	21.84M
Other Operating Expenses	7.86M	8.63M	9.33M	9.57M	8.1M
Other Operating Expenses, Total	75.74M	87.7M	131M	118M	135M
Operating Income	73.42M	90.38M	99.75M	64.27M	93.26M
Interest Expense, Total	-3.63M	-7.27M	-20.5M	-19.77M	-14.57M
Interest And Investment Income	5.23M	7.82M	8.03M	8.05M	4.61M
Net Interest Expenses	1.6M	555K	-12.47M	-11.72M	-9.96M
Income (Loss) On Equity Invest.	3.69M	1.09M	-2.39M	-715K	-5.21M
Currency Exchange Gains (Loss)	1.1M	-866K	6.54M	3.88M	2.89M
EBT, Excl. Unusual Items	79.82M	91.17M	91.43M	55.72M	80.98M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	23.86M	2.25M	777K	380K	277K
EBT, Incl. Unusual Items	104M	93.42M	92.21M	56.1M	81.25M
Income Tax Expense	16.31M	17.81M	18.77M	11.98M	17.47M
Earnings From Continuing Operations	87.37M	75.61M	73.44M	44.12M	63.78M
Net Income to Company	87.37M	75.61M	73.44M	44.12M	63.78M
Minority Interest	-321K	-144K	-600K	-248K	-464K
Net Income - (IS)	87.05M	75.46M	72.84M	43.88M	63.32M
Net Income to Common Incl Extra Items	87.05M	75.46M	72.84M	43.88M	63.32M
Net Income to Common Excl. Extra Items	87.05M	75.46M	72.84M	43.88M	63.32M
Per Share Items
Net EPS - Basic	0.05	0.04	0.04	0.02	0.03
Basic EPS - Continuing Operations	0.05	0.04	0.04	0.02	0.03
Basic Weighted Average Shares Outstanding	1.69B	1.71B	1.85B	1.85B	1.85B
Net EPS - Diluted	0.05	0.04	0.04	0.02	0.03
Diluted EPS - Continuing Operations	0.05	0.04	0.04	0.02	0.03
Diluted Weighted Average Shares Outstanding	1.69B	1.71B	1.85B	1.85B	1.85B
Normalized Basic EPS	0.03	0.03	0.03	0.02	0.03
Normalized Diluted EPS	0.03	0.03	0.03	0.02	0.03
Dividend Per Share	0.02	0.01	0.01	0.01	0.01
Payout Ratio	0.68	35.14	34.79	53.04	27.93
Supplemental Items
EBITDA	84.41M	105M	121M	83.63M	115M
EBITA	73.42M	90.38M	99.75M	64.27M	93.54M
EBIT	73.42M	90.38M	99.75M	64.27M	93.26M
Total Revenues (As Reported)	237M	310M	405M	325M	378M
Effective Tax Rate - (Ratio)	15.73	19.07	20.36	21.35	21.5
Normalized Net Income	49.57M	56.84M	56.54M	34.58M	50.15M
Interest on Long-Term Debt	-	6.36K	76.45K	76.56K	59.27K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	79.86M	77.29M	81.65M	102M	97.32M
Short Term Investments	-	116K	-	-	-
Total Cash And Short Term Investments	79.86M	77.41M	81.65M	102M	97.32M
Accounts Receivable, Total	43.47M	39M	35.35M	40.24M	43.43M
Other Receivables	4.2M	4.88M	6.13M	4.82M	4.27M
Total Receivables	47.67M	43.87M	41.48M	45.06M	47.7M
Inventory	32.39M	58.94M	86.18M	56.62M	61.78M
Prepaid Expenses	183K	51.69K	49.97K	1.98M	99.02K
Other Current Assets, Total	1.61M	6.24M	239K	588K	173K
Total Current Assets	162M	187M	210M	206M	207M
Gross Property Plant And Equipment	355M	429M	457M	460M	475M
Accumulated Depreciation	-171M	-192M	-214M	-225M	-254M
Net Property Plant And Equipment	183M	237M	243M	235M	221M
Long-term Investments	17.71M	142M	144M	135M	162M
Other Intangibles, Total	271M	494M	502M	483M	522M
Total Assets	634M	1.06B	1.1B	1.06B	1.11B
Liabilities
Accounts Payable, Total	14.91M	22.17M	15.05M	18.5M	9.96M
Accrued Expenses, Total	6.1M	8.06M	6.93M	7.3M	8.38M
Short-term Borrowings	1.22M	39.85M	2.56M	17.88M	6.73M
Current Portion of Long-Term Debt	10.37M	68.01M	47.54M	9.32M	30.13M
Current Portion of Leases	-	199K	216K	203K	223K
Current Income Taxes Payable	11.15M	14.3M	18.03M	12.05M	19.15M
Other Current Liabilities	962K	1.89M	4.05M	2.6M	2.13M
Total Current Liabilities	44.7M	154M	94.37M	67.85M	76.7M
Long-Term Debt	114M	218M	255M	247M	192M
Long-Term Leases	-	1.52M	1.36M	1.08M	997K
Deferred Tax Liability Non Current	53.28M	101M	104M	100M	107M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	212M	475M	454M	417M	377M
Common Stock, Total	14.1M	15.12M	15.12M	15.12M	15.12M
Additional Paid In Capital	17.59M	127M	127M	127M	127M
Retained Earnings	357M	406M	440M	456M	476M
Comprehensive Income and Other	31.14M	34.95M	59.59M	42.11M	113M
Total Common Equity	420M	583M	641M	640M	731M
Minority Interest	2.66M	2.54M	3.18M	3.24M	3.96M
Total Equity	423M	585M	644M	643M	735M
Total Liabilities And Equity	634M	1.06B	1.1B	1.06B	1.11B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.7B	1.85B	1.85B	1.85B	1.85B
ECS Total Common Shares Outstanding	1.7B	1.85B	1.85B	1.85B	1.85B
Book Value / Share	0.25	0.32	0.35	0.35	0.4
Tangible Book Value	149M	88.61M	139M	157M	209M
Tangible Book Value Per Share	0.09	0.05	0.08	0.08	0.11
Total Debt	125M	327M	306M	276M	230M
Net Debt	45.39M	250M	225M	174M	133M
Minority Interest, Total (Incl. Fin. Div)	2.66M	2.54M	3.18M	3.24M	3.96M
Equity Method Investments, Total	14.81M	139M	141M	133M	159M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	2.92M	6.9M	3.77M	2.74M	3.73M
Inventories - Finished Goods, Total	25.6M	48.5M	78M	48.75M	52.57M
Inventories - Others	3.86M	3.54M	4.42M	5.13M	5.48M
Machinery, Total	268M	324M	352M	355M	367M
Full Time Employees	365	390	723	603	630
Accumulated Allowance for Doubtful Accounts (Supple)	2.65M	810K	422K	587K	336K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	87.05M	75.46M	72.84M	43.88M	63.32M
Depreciation & Amortization - CF	10.98M	14.23M	21.23M	19.36M	21.57M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	271K
Depreciation & Amortization, Total	10.98M	14.23M	21.23M	19.36M	21.84M
(Gain) Loss From Sale Of Asset	-	2.24M	-	-	-277K
(Gain) Loss on Sale of Investments - (CF)	-23.64M	-	-	-	-
Other Operating Activities, Total	4.02M	-485K	3.66M	-10M	15.73M
Change In Accounts Receivable	-13M	8.86M	7.01M	-5.79M	-223K
Change In Inventories	-6.21M	-16.52M	-26.28M	28.92M	-3.61M
Change in Other Net Operating Assets	3.29M	3.26M	-3.21M	3.63M	-6.57M
Cash from Operations	62.49M	87.05M	75.25M	79.99M	90.21M
Capital Expenditure	-46.49M	-30.2M	-22.09M	-15.85M	-2.26M
Sale of Property, Plant, and Equipment	3.99M	3.01M	1.07M	1.23M	1.89M
Cash Acquisitions	-42.88M	-42.36M	-	-	-
Divestitures	-7.09M	1.67M	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	3.53M	-114M	206K	43.5K	-16.68M
Other Investing Activities, Total	-	440K	-	204K	191K
Cash from Investing	-88.95M	-181M	-20.82M	-14.37M	-16.86M
Short Term Debt Issued, Total	-	30.53M	-	16.08M	-
Long-Term Debt Issued, Total	113M	98.51M	86.33M	-	145M
Total Debt Issued	113M	129M	86.33M	16.08M	145M
Short Term Debt Repaid, Total	-26.7M	-	-37.88M	-	-12.9M
Long-Term Debt Repaid, Total	-74.79M	-10.02M	-73.72M	-37.78M	-194M
Total Debt Repaid	-101M	-10.02M	-112M	-37.78M	-207M
Issuance of Common Stock	6.1M	-	-	-	-
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-596K	-26.52M	-25.34M	-23.27M	-17.69M
Common & Preferred Stock Dividends Paid	-596K	-26.52M	-25.34M	-23.27M	-17.69M
Other Financing Activities, Total	-132K	-63.56K	-37.84K	-117K	-
Cash from Financing	16.42M	92.44M	-50.65M	-45.09M	-79.27M
Foreign Exchange Rate Adjustments	-224K	-691K	573K	-391K	1.46M
Net Change in Cash	-10.26M	-2.57M	4.36M	20.13M	-4.47M
Supplemental Items
Cash Interest Paid	3.19M	5.53M	22.84M	20.92M	15.33M
Cash Income Tax Paid (Refund)	9.03M	11.15M	13.61M	18.01M	11.38M
Levered Free Cash Flow	242K	22.04M	27.57M	51.42M	62.44M
Unlevered Free Cash Flow	2.51M	26.59M	40.38M	63.77M	71.54M
Change In Net Working Capital	7.88M	13.94M	21.1M	-20.09M	6.32M
Net Debt Issued / Repaid	11.05M	119M	-25.27M	-21.71M	-61.59M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	7.62	6.67	5.78	3.73	5.37
Return on Total Capital	8.69	7.74	6.69	4.31	6.19
Return On Equity %	21.6	15	11.94	6.88	9.26
Return on Common Equity	21.71	15.05	11.9	6.87	9.24
Margin Analysis
Gross Profit Margin %	62.96	57.43	57.2	56.13	60.4
SG&A Margin	24.01	20.91	24.94	27.43	27.81
EBITDA Margin %	35.63	33.74	29.95	25.75	30.44
EBITA Margin %	30.99	29.15	24.7	19.79	24.74
EBIT Margin %	30.99	29.15	24.7	19.79	24.67
Income From Continuing Operations Margin %	36.88	24.38	18.18	13.59	16.87
Net Income Margin %	36.74	24.34	18.03	13.51	16.75
Net Avail. For Common Margin %	36.74	24.34	18.03	13.51	16.75
Normalized Net Income Margin	20.92	18.33	14	10.65	13.26
Levered Free Cash Flow Margin	0.1	7.11	6.83	15.83	16.51
Unlevered Free Cash Flow Margin	1.06	8.57	10	19.64	18.92
Asset Turnover
Asset Turnover	0.39	0.37	0.37	0.3	0.35
Fixed Assets Turnover	1.43	1.47	1.68	1.36	1.66
Receivables Turnover (Average Receivables)	6.15	7.52	10.87	8.59	9.04
Inventory Turnover (Average Inventory)	2.99	2.89	2.38	2	2.53
Short Term Liquidity
Current Ratio	3.62	1.21	2.22	3.04	2.7
Quick Ratio	2.85	0.79	1.3	2.16	1.89
Operating Cash Flow to Current Liabilities	1.4	0.56	0.8	1.18	1.18
Days Sales Outstanding (Average Receivables)	59.32	48.53	33.59	42.6	40.39
Days Outstanding Inventory (Average Inventory)	121.88	126.25	153.21	183.42	144.31
Average Days Payable Outstanding	44.48	42.68	33.94	54.36	33.53
Cash Conversion Cycle (Average Days)	136.72	132.1	152.85	171.65	151.17
Long Term Solvency
Total Debt/Equity	29.64	55.93	47.52	42.9	31.29
Total Debt / Total Capital	22.86	35.87	32.21	30.02	23.83
LT Debt/Equity	26.9	37.47	39.71	38.64	26.24
Long-Term Debt / Total Capital	20.75	24.03	26.92	27.04	19.99
Total Liabilities / Total Assets	33.37	44.78	41.35	39.31	33.89
EBIT / Interest Expense	20.24	12.43	4.87	3.25	6.4
EBITDA / Interest Expense	23.27	14.39	5.9	4.23	7.9
(EBITDA - Capex) / Interest Expense	10.45	10.24	4.82	3.43	7.75
Total Debt / EBITDA	1.48	3.13	2.53	3.3	2
Net Debt / EBITDA	0.54	2.39	1.86	2.08	1.15
Total Debt / (EBITDA - Capex)	3.3	4.4	3.1	4.07	2.04
Net Debt / (EBITDA - Capex)	1.2	3.36	2.27	2.57	1.17
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	32.39	30.88	30.26	-19.6	16.43
Gross Profit, 1 Yr. Growth %	39.09	19.39	29.75	-21.11	25.28
EBITDA, 1 Yr. Growth %	43.78	23.94	15.64	-30.88	37.64
EBITA, 1 Yr. Growth %	50.94	23.1	10.36	-35.57	44.93
EBIT, 1 Yr. Growth %	50.94	23.1	10.36	-35.57	45.11
Earnings From Cont. Operations, 1 Yr. Growth %	122.52	-13.46	-2.87	-39.92	44.56
Net Income, 1 Yr. Growth %	125.55	-13.31	-3.48	-39.76	44.32
Normalized Net Income, 1 Yr. Growth %	58.38	14.67	-0.51	-38.85	45.03
Diluted EPS Before Extra, 1 Yr. Growth %	124.2	-14.2	-10.48	-39.76	44.32
Accounts Receivable, 1 Yr. Growth %	29.58	-10.29	-9.34	13.82	7.93
Inventory, 1 Yr. Growth %	23.51	81.97	46.22	-34.3	9.12
Net Property, Plant and Equip., 1 Yr. Growth %	23.12	29.48	2.2	-3.01	-6.3
Total Assets, 1 Yr. Growth %	11.23	67.12	3.69	-3.13	4.9
Tangible Book Value, 1 Yr. Growth %	-4.19	-40.34	56.83	11.95	33.27
Common Equity, 1 Yr. Growth %	9.89	38.79	10.05	0.41	14.22
Cash From Operations, 1 Yr. Growth %	-1.24	39.31	-13.56	6.3	12.78
Capital Expenditures, 1 Yr. Growth %	183.17	-35.04	-26.85	-28.26	-85.71
Levered Free Cash Flow, 1 Yr. Growth %	-99.25	9K	25.74	86.49	21.43
Unlevered Free Cash Flow, 1 Yr. Growth %	-92.56	959.36	52.55	57.92	12.19
Dividend Per Share, 1 Yr. Growth %	-	-15.06	-3	-27.65	44.95
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	12.14	31.64	30.57	2.34	-3.25
Gross Profit, 2 Yr. CAGR %	16.14	28.87	24.46	1.17	-0.58
EBITDA, 2 Yr. CAGR %	17.31	33.49	19.72	-10.59	-2.46
EBITA, 2 Yr. CAGR %	18.98	36.31	16.56	-15.67	-3.16
EBIT, 2 Yr. CAGR %	18.98	36.31	16.56	-15.67	-3.31
Earnings From Cont. Operations, 2 Yr. CAGR %	40.45	38.77	-8.32	-23.61	-6.8
Net Income, 2 Yr. CAGR %	40.97	39.83	-8.53	-23.75	-6.76
Normalized Net Income, 2 Yr. CAGR %	22.23	34.77	6.81	-22	-5.83
Diluted EPS Before Extra, 2 Yr. CAGR %	40.55	38.7	-12.36	-26.56	-6.76
Accounts Receivable, 2 Yr. CAGR %	7.76	7.82	-9.81	1.58	10.84
Inventory, 2 Yr. CAGR %	3.16	49.92	63.12	-1.99	-15.33
Net Property, Plant and Equip., 2 Yr. CAGR %	10.43	26.26	15.03	-0.44	-4.67
Total Assets, 2 Yr. CAGR %	8.88	36.34	31.64	-0.01	0.81
Tangible Book Value, 2 Yr. CAGR %	6.9	-24.39	-3.27	32.99	22.15
Common Equity, 2 Yr. CAGR %	8.26	23.49	23.59	4.79	7.09
Cash From Operations, 2 Yr. CAGR %	14.46	17.29	9.74	-4.14	9.49
Capital Expenditures, 2 Yr. CAGR %	35.49	35.63	-31.07	-27.56	-67.98
Levered Free Cash Flow, 2 Yr. CAGR %	-84.43	-17.4	967.13	53.13	50.49
Unlevered Free Cash Flow, 2 Yr. CAGR %	-55.09	-11.21	301.13	55.21	33.1
Dividend Per Share, 2 Yr. CAGR %	-	-	-9.23	-16.23	2.41
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.67	18.07	31.17	11.08	6.83
Gross Profit, 3 Yr. CAGR %	38.74	17.21	29.16	6.91	8.64
EBITDA, 3 Yr. CAGR %	14.75	19.48	27.26	-0.31	3.24
EBITA, 3 Yr. CAGR %	17.92	20.34	27.04	-4.34	1.15
EBIT, 3 Yr. CAGR %	17.92	20.34	27.04	-4.34	1.05
Earnings From Cont. Operations, 3 Yr. CAGR %	38.31	19.51	23.21	-20.36	-5.51
Net Income, 3 Yr. CAGR %	38.75	19.88	23.58	-20.42	-5.68
Normalized Net Income, 3 Yr. CAGR %	25.82	19.66	21.8	-11.31	-4.09
Diluted EPS Before Extra, 3 Yr. CAGR %	38.48	19.23	19.86	-22.65	-8.02
Accounts Receivable, 3 Yr. CAGR %	11.74	1.37	1.77	-2.54	3.66
Inventory, 3 Yr. CAGR %	-3.82	24.64	48.68	20.46	1.58
Net Property, Plant and Equip., 3 Yr. CAGR %	9.94	16.44	17.67	8.67	-2.43
Total Assets, 3 Yr. CAGR %	7.44	25.6	24.45	18.66	1.6
Tangible Book Value, 3 Yr. CAGR %	12.78	-11.98	-3.58	1.81	33.08
Common Equity, 3 Yr. CAGR %	8.47	17.6	18.84	15.08	7.84
Cash From Operations, 3 Yr. CAGR %	19.22	22.21	5.95	8.58	1.2
Capital Expenditures, 3 Yr. CAGR %	59.75	6.05	10.4	-30.14	-57.83
Levered Free Cash Flow, 3 Yr. CAGR %	-76.36	30.2	-5.14	496.62	41.74
Unlevered Free Cash Flow, 3 Yr. CAGR %	-50.58	28.8	6.19	193.99	39.29
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-15.84	0.57
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5.01	12.52	15	11.5	16.14
Gross Profit, 5 Yr. CAGR %	21.74	33.58	32.84	10.51	16.32
EBITDA, 5 Yr. CAGR %	8.89	20.09	16.71	6.4	14.42
EBITA, 5 Yr. CAGR %	9.4	23.42	17.37	4.38	13.97
EBIT, 5 Yr. CAGR %	9.4	23.42	17.37	4.38	13.9
Earnings From Cont. Operations, 5 Yr. CAGR %	15.96	22.62	17.33	-0.08	10.19
Net Income, 5 Yr. CAGR %	15.98	22.77	17.45	0.03	10.41
Normalized Net Income, 5 Yr. CAGR %	8.23	24.16	17.84	0.83	9.89
Diluted EPS Before Extra, 5 Yr. CAGR %	-55.58	22.38	15.33	-1.78	8.41
Accounts Receivable, 5 Yr. CAGR %	8.9	15.03	2.56	1.46	5.3
Inventory, 5 Yr. CAGR %	2.8	7.78	18.81	13.22	18.69
Net Property, Plant and Equip., 5 Yr. CAGR %	5.39	10.75	11.95	9.37	8.16
Total Assets, 5 Yr. CAGR %	6.12	16.5	16.53	14.65	14.29
Tangible Book Value, 5 Yr. CAGR %	12.44	1.54	6.06	3.81	6.14
Common Equity, 5 Yr. CAGR %	7.59	13.4	14.28	12.3	13.85
Cash From Operations, 5 Yr. CAGR %	11.3	17.44	15.34	10.9	7.35
Capital Expenditures, 5 Yr. CAGR %	28.15	19.39	14.14	-8.95	-32.71
Levered Free Cash Flow, 5 Yr. CAGR %	-	10.99	8.5	38.78	14.09
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	10.52	14.2	38.65	16.23