Zhenro Properties 1H finance cost 1.95B yuan

Zhenro Properties 1H finance cost 1.95B yuan

Iceland Seafood International hf has reported a robust first-half performance for 2025, with significant improvements in key financial metrics. The company's normalized profit before tax (PBT) doubled year-on-year, reaching €2.3 million, compared to €1.1 million in the first half of 2024 [1].

The company's sales for the first half of 2025 totaled €233.8 million, marking a 10% increase from the same period in 2024. This growth was driven by strong demand for cod and other premium Icelandic seafood products. The net margin for the first half of 2025 was €22.9 million, up €3.9 million from the same period in 2024 [1].

The EBITDA for the first half of 2025 was €9.2 million, a significant improvement from €5 million in the first half of 2024. The 12-month EBITDA reached €20.3 million, up from €12.7 million in the first half of 2024. The company's net profit improved to €1.1 million, compared to a loss of €0.7 million in the first half of 2024 [1].

The earnings per share (EPS) for the first half of 2025 were positive €0.0357 cents per thousand shares, compared to negative €0.0238 in the first half of 2024 [1].

The company's equity ratio at the end of the second quarter of 2025 was 30.2%, compared to 28.6% at the end of the second quarter of 2024 [1].

The outlook for the remainder of the year remains positive, with the company expecting cod prices to stay high and salmon prices to remain stable. The company's primary focus is on enhancing the performance of its existing business units, optimizing its capital structure, and reassessing its overall strategy [1].

Iceland Seafood International hf will host an online meeting for investors and market participants today at 4.30 pm GMT to discuss the Q2 and 1H results. The meeting will be webcast live in Icelandic on the company's websites [1].

References:

[1] https://www.globenewswire.com/news-release/2025/08/27/3140246/0/en/Iceland-Seafood-International-hf-Strong-first-half-performance-with-Normalised-Profit-Before-Tax-doubling-year-on-year.html