Iceland Seafood Q1 Profit More Than Doubles as Sales Rise 22%

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Iceland Seafood International reported sharply higher first-quarter profitability for 2026, with net profit more than doubling as sales climbed across all three business divisions.

The company posted Q1 sales of €146 million, up 22.4% year-over-year (YOY), while net profit increased to €2.1 million from €1 million YOY. EBITDA rose to €5.7 million, with 12-month EBITDA reaching €22.8 million.

Sales growth was led by the company’s S&D division, where revenue jumped 41% to €72.2 million...

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