Skel stock is unchanged at ISK 16.80 while H1 loss narrows

Skel stock was last at ISK 16.80 on Nasdaq Iceland on October 7, 2026 at 3:29 p.m. GMT, unchanged from the prior close. The price remains inside a 52-week range of ISK 14.60 to ISK 17.60, giving investors a direct measure of the stock's current position.

H1 loss narrows to ISK 384 million

Skel's latest reported figures cover the six months ended June 30, 2026. According to Keldan in the interim statements approved on August 13, 2026, the company posted a loss of ISK 384 million, compared with a loss of ISK 559 million in the same period of 2025.

The loss therefore narrowed by 31.3 percent year over year. The report also showed loss per share of ISK 0.20, versus ISK 0.30 in the first half of 2025, while diluted loss per share improved from ISK 0.28 to ISK 0.19.

Equity and portfolio value shape the picture

Skel's assets totaled ISK 50,841 million on June 30, 2026, down from ISK 57,895 million at December 31, 2025. Equity stood at ISK 39,430 million, compared with ISK 42,064 million at the end of 2025, and the equity ratio was 77.5 percent.

The investment company reported ISK 466 million of income from investment activities in the first half of 2026, up from ISK 311 million a year earlier. Its net asset value of equity was ISK 21.0 per share, above the October 7 stock price of ISK 16.80, although the two figures represent different valuation dates and measures.

Portfolio changes included the sale of SKEL's 100 percent holding in Gallon to Styrkás for an agreed enterprise value of ISK 2,885 million. SKEL also sold 50 apartments in Stefnisvogur for ISK 4.3 billion during the first half.

Buyback leaves a capital allocation marker

According to Nasdaq Iceland, SKEL had purchased 11,994,539 treasury shares by September 4, 2026, representing 0.64 percent of issued share capital. The purchases totaled ISK 202,139,672 under the buyback program approved by shareholders.

For investors, the contrast is clear: the H1 loss narrowed by 31.3 percent, but equity also declined by ISK 2,634 million from year-end. That combination keeps portfolio valuations, capital returns and the next reported update central to the stock's assessment.

Stock stays at ISK 16.80

Skel stock was unchanged at ISK 16.80 on Nasdaq Iceland on October 7, 2026. Market capitalization was ISK 31.6 billion on that date, with trading volume of 14,662 shares.