REG-Festi hf.: Financial results for Q2 2026

Strong underlying performance despite heightened uncertainty and challenging market conditions

Q2 2026 Key Operating Results * Sales amounted to ISK 46,347 million, an increase of 6.4% year-on-year. * Margin from sales of goods and services amounted to ISK 11,522 million, an increase of 4.7% year-on-year. * Margin level was 24.9%, down 0.4 p.p. from Q2 2025, but up 0.9 p.p. excluding the effects of exchange-rate movements, changes in global fuel prices and changes to fuel-related government levies at the beginning of the year. * EBITDA amounted ISK 3,908 million, a decrease of 0.8% year-on-year. * Profit amounted to ISK 1,299 million and return on equity was 13.1%. * Cash flow from operating activities amounted to ISK 287 million, a decrease of ISK 4,918 million year-on-year, primarily due to one-off movements in operating assets and liabilities. * Net interest-bearing debt amounted to ISK 39,214 million, an increase of ISK 6,267 million from year-end 2025, primarily reflecting higher working capital requirements related to inventories and trade receivables following the rise in global fuel prices. * Equity amounted to ISK 46,789 million and the equity ratio was 40.2% at the end of Q2 2026, compared with 41.2% at year-end 2025. Festi paid a dividend of ISK 2,151 million to shareholders during the quarter. * The Company has lowered its 2026 EBITDA guidance by ISK 500 million to ISK 16,000–16,500 million due to lower-than-expected margin from fuel sales. Ásta S. Fjeldsted, CEO: