Iceland Seafood International hf

Iceland Seafood International hf

IICE:ICESEA
4.24
ISK
-0.02
(-0.47%)
0.40EPS
10.76P/E
12.82BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.19
0.19
0.2
0.2
0.19
0.22
0.18
0.14
0.14
0.16
0.15
0.16
0.14
0.17
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-0.01
- -
- -
- -
Free Cash Flow per Basic Share
- -
0.01
0.01
- -
- -
- -
- -
- -
- -
-0.01
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.01
0.01
0.01
0.01
0.01
0.02
0.03
0.03
0.03
0.03
0.02
0.02
0.03
0.03
Tangible Book Value per Share
- -
- -
- -
- -
0.01
0.01
0.01
0.01
0.01
0.01
- -
0.01
0.01
0.01
Basic Weighted Avg Shares
1,300
1,300
1,300
1,250
1,300
1,599
2,392
2,600
2,629
2,629
2,807
3,064
3,064
3,059
Sales/Revenue/Turnover
241
252
258
246
249
346
434
370
378
421
430
484
443
523
Operating Margin (%)
1.3
1.99
1.35
1.92
1.86
13.15
2.63
1.23
5.12
3.49
1.73
3.87
3.3
3.41
Depreciation Expense
1
1
1
1
1
1
3
3
4
7
13
4
4
4
Net Income, GAAP
-6
- -
- -
3
3
4
5
- -
9
-10
-20
7
3
8
Effective Tax Rate (%)
30.65
24.84
78.06
16.15
21.92
20.84
20.74
32.8
23.65
33.59
- -
26.22
29.35
24.11
Profit Margin (%)
-2.31
-0.15
-0.07
1.04
1.03
1.16
1.19
-0.01
2.32
-2.37
-4.7
1.46
0.6
1.58
Working Capital
-6
-7
-8
-1
- -
6
24
20
35
30
24
-13
20
22
LT Debt
3
3
2
2
1
7
10
24
42
34
41
9
37
39
Total Equity
9
8
8
15
18
59
80
75
92
81
73
76
82
85
Return on Invested Capital (%)
- -
5.95
1.07
7.5
6.68
6.14
5.99
1.76
7.26
4.78
- -
7.14
4.98
6.79
Return on Capital (%)
- -
1.53
0.43
7.04
6.35
4.99
4.15
0.61
5.36
-3.92
- -
5.95
3.96
5.56
Return on Common Equity (%)
- -
-4.68
-2.16
22.06
15.63
10.84
7.8
-0.05
10.67
-11.85
-26.93
9.77
3.45
10.57

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
92
91
81
LT Borrowings
36
35
37
LT Finance Leases
2
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,064
3,064
3,064
Market Capitalization
101
103
89

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
175
188
180
Cash, Cash Equivalents & STI
16
7
11
Accounts Receivable, Net
69
85
68
Inventories
79
82
89
Total Current Liabilities
155
167
159
Payables & Accruals
- -
- -
- -
ST Debt
92
91
81
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
38.23%
2.55%
8.08%
Free Cash Flow
-146.9%
-264.09%
31.59%
Net Income, GAAP
-2,573.79%
-4,829.35%
-62.55%
Sales/Revenue/Turnover
6.58%
3.97%
-8.49%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
114
98
102
129
484
2025
119
115
114
137
443
2026
146
127
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Ægir Páll Friðbertsson
Full Time Employees
802
Sector
Distribution services
Industry
Food distributors
Address
Köllunarklettsvegur 2 Reykjavík GR Iceland 104
IPO Date
May 25, 2016
Business
Iceland Seafood International hf. (ICESEA.IC) is an Iceland-based seafood company engaged in the processing, sale, marketing, and worldwide export of fresh, frozen, salted, dried, and value-added seafood products. Founded in 1932 and headquartered in Reykjavik, the company operates through three main segments—Value Added Southern Europe, Value Added Northern Europe, and Sales & Distribution—with processing and trading subsidiaries across Europe, North America, Asia, and South America; it sources primarily from the North Atlantic, including Iceland's pristine waters, and targets distributors, retailers, and foodservice providers globally. Its core products encompass ready meals, fresh fish, coated products, shellfish, smoked fish, landfrozen fish, light and wet salted products, frozen-at-sea fish, pelagic species such as mackerel, herring and capelin, cephalopods, and dried fish; these are marketed under brands including Icelandic Seafood, Iceland Gold, Islandia, Seastar, Dunn’s, Carr&Sons, Nolan’s, Ahumados Dominguez, Oceanpath, Elba, Banord, Las Tapas, and El Auténtico. Recent strategic developments include the 2025 acquisition by subsidiary Iceland Seafood Ibérica of two Argentine freezer trawlers (Entrena Uno and Entrena Dos) for USD 5.8 million to vertically integrate its wild shrimp supply chain and boost at-sea frozen shrimp production from its Achernar facility in Puerto Madryn; the purchase of property firm Cigalfer792 S.R.L. to cut storage costs and enhance Argentine operations; and the expansion into marketing Icelandic salmon through its distribution network amid growing domestic salmon farming. In Q3 2025, the company reported operating revenues of EUR 347.6 million for the first nine months, up 11% year-over-year, with profitability restored across divisions following 2023 challenges, alongside ongoing refinancing efforts and a focus on high-value Icelandic cod and shrimp sales.