Trading statement for the third quarter 2025

Performance of investment assets and listed shares in Q3 2025

The performance of SKEL’s most valuable unlisted investments is in line with expectations and the forecasts previously communicated to the market. SKEL classifies its investment portfolio into two segments: consumer market (B2C) and infrastructure and business-to-business (B2B). The following section provides an overview of the financial performance of key holdings and a comparison with the previously reported forecasts for the first nine months of 2025, based on management accounts.

In the case of Drangar, results are presented for the third quarter, as the merger was completed on July 18 and consolidation was effective from the end of the first half.

For further information please see here: SKEL fjárfestingafélag hf.: Trading statement Q3 2025