Core Insights - The company reported strong growth in revenue and EBITDA for the first nine months of 2025, with operating revenue reaching ISK 9,296 million, a 9.2% increase year-on-year [4][5] - The company has updated its outlook for 2025, expecting operating revenues between ISK 12,360 and 12,610 million, with rental income estimated between ISK 10,650 and 10,870 million [13][14] Financial Performance - Operating revenue for the first nine months was ISK 9,296 million, with rental income contributing ISK 7,980 million, reflecting a real growth of 5.1% year-on-year [4] - EBITDA for the period was ISK 5,968 million, marking a 7.8% increase compared to the previous year [5] - Profit before income tax was ISK 4,755 million, and total profit for the period was ISK 3,804 million [5] - The Net Operating Income (NOI) ratio was 72.6%, slightly down from 73.4% in the same period of 2024 [6] Balance Sheet Overview - Total assets amounted to ISK 163,349 million, with investment properties valued at ISK 152,811 million [7] - The company's equity was ISK 53,071 million, resulting in an equity ratio of 32.5% [7] - Total liabilities were ISK 110,278 million, with interest-bearing liabilities at ISK 88,360 million [8] - The loan-to-value ratio was 55.7% at the end of the period [9] Real Estate Portfolio - The company signed a purchase agreement for all shares in Festing hf., which includes properties totaling approximately 43,000 square meters [10] - The occupancy rate improved to 95.6%, an increase of 2.0 percentage points from the beginning of the year [11] - The company signed lease agreements for nearly 30,500 square meters during the first nine months [12] Updated Outlook - The company expects a 2025 occupancy rate between 94-95% and anticipates annual rental income to increase by ISK 470 - 510 million once the target occupancy is achieved [15][16] - The updated outlook does not include income or expenses from Festing hf.'s properties for 2025 [14] Organizational Changes - A new organizational structure was announced to enhance customer service and streamline communication, reducing the executive management team from seven to four members [17]

Core Insights - The company Alma íbúðafélag hf. reported strong financial performance for the first half of 2025, with total revenues of 2.871 billion ISK, including rental income of 2.590 billion ISK and other operational income of 280 million ISK. EBITDA increased by 147 million ISK compared to the same period last year, reaching 2.127 billion ISK, while net profit for the period was 769 million ISK [1][4]. Financial Performance - Total assets of the group as of June 30, 2025, amounted to 114.482 billion ISK, with investment properties valued at 79.661 billion ISK and listed shares at 4.627 billion ISK. Equity at the end of June 2025 was 37.627 billion ISK [2]. - The group’s investment in Eik fasteignafélag hf. was recorded at 10.857 billion ISK, following a takeover bid completed on October 18, 2024, where Alma acquired a 20% stake [3]. Operational Highlights - The company experienced strong demand for rental housing, supported by a solid liquidity position and a stable customer base. The brand has established a strong presence in the Icelandic housing market [4]. - During the reporting period, the company sold 25 apartments and purchased one, maintaining a portfolio of 1,003 apartments and 64,000 square meters of commercial space. New apartments are expected to be delivered later in the year [5]. - The company is working on simplifying operations through mergers and the sale of inactive subsidiaries, aiming to reduce the number of subsidiaries from twelve to six in the coming months. This initiative focuses on increasing efficiency and establishing a robust future position while prioritizing sustainability [6].

Core Viewpoint - The interim consolidated financial statements for Eik fasteignafélag hf. for the first half of 2025 show strong growth in revenue and EBITDA, aligning with the company's operational plans [4][5]. Operations of the Period - The company's operating revenue reached ISK 5,998 million, marking an 8.5% increase from the same period in 2024, with rental income contributing ISK 5,219 million, reflecting a real growth of 4.3% year-on-year [4]. - Operating profit before valuation changes, sales gain, depreciation, and amortization was ISK 3,693 million, up from ISK 3,519 million in the previous year, while adjusted EBITDA for the first half of 2025 was ISK 3,783 million, a 7.5% increase year-on-year [5]. - The total profit for the group in the first six months of 2025 was ISK 3,379 million [5]. Financial Position - Total assets amounted to ISK 162,348 million, with investment properties valued at ISK 151,523 million and total equity at ISK 52,647 million, resulting in an equity ratio of 32.4% [7]. - The company approved a dividend distribution of ISK 3,393.4 million for the financial year 2024, with payments scheduled in two installments [7]. - Interest-bearing debt stood at ISK 88,057 million, with a loan-to-value ratio of 56.1% [9]. Company Portfolio - The company signed a purchase agreement for all shares in Festing hf., with the transaction expected to complete in Q4 2025, subject to Competition Authority approval [10][15]. - The company sold the property at Rauðarárstígur 27 for a sales gain of approximately ISK 42 million [11]. Economic Occupancy Rate - The economic occupancy rate improved to 94.8%, an increase of 1.2 percentage points since the beginning of the year [12]. Updated Outlook - The company expects annual operating revenue for 2025 to be between ISK 12,270 million and ISK 12,650 million, with rental income estimated between ISK 10,590 million and ISK 10,910 million [14]. - EBITDA for 2025 is projected to be between ISK 7,735 million and ISK 7,975 million [14]. - The occupancy rate is anticipated to be between 94% and 95% by the end of 2025, with leasing of development square meters progressing slower than expected [17].