REG-Hagar hf: Financial results for Q2 2026/27
Key Highlights
- ➤Q2 sales ISK 54,683 million, up 5.5% year-on-year
- ➤Q2 EBITDA ISK 5,666 million, representing 10.4% of sales
- ➤FY 2026/27 EBITDA guidance raised ISK 800 million to ISK 19,600-20,100 million
- ➤SMS revenue rose 8.7% and EBITDA increased 13% year-on-year in Q2
- ➤Two share buyback programs repurchased ISK 1,000 million during Q2
Expert Statements
Finnur Oddsson, CEO of Hagar hf.
“Hagar's operations performed well during the summer months, and results for the first half of the 2026/27 financial year exceeded management's expectations.”
Finnur Oddsson, CEO of Hagar hf.
“First-half results exceeded expectations, and management has therefore raised its EBITDA guidance for the financial year by ISK 800 million to ISK 19,600 - 20,100 million.”
Finnur Oddsson, CEO of Hagar hf.
“We expect operations to remain strong, and the upward revision to our earnings guidance reflects our confidence that Hagar is well positioned to deliver increased value to both customers and shareholders in the coming periods.”
Strong results and management’s guidance raised - lower prices for customers
The interim financial statements of Hagar hf. for the second quarter of the 2026/27 financial year were approved by the company’s Board of Directors and CEO at a board meeting held on 15 October 2026. The statements cover the period from 1 March to 31 August 2026. The interim financial statements include the consolidated accounts of the company and its subsidiaries and have been prepared in accordance with International Financial Reporting Standards (IFRS). The statements have been reviewed by the company’s auditors, PricewaterhouseCoopers ehf.
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