Skel buys back 0.64 percent of Skel stock

The program covered 11,994,539 treasury shares for ISK 202.1 million by September 7, 2026. Skel stock had ISK 39,430 million equity on June 30, 2026.

Skel bought back 0.64 percent of its issued share capital, with 11,994,539 treasury shares acquired for ISK 202.1 million by September 7, 2026, according to MarketScreener. The program was authorized at the annual general meeting on March 5, 2026, and remained active within its approved limits.

Buyback reaches 0.64 percent

The buyback gives Skel a direct way to return capital while the investment company reshapes its portfolio. The September 7 announcement listed purchases made from August 31 through September 4, including 1,410,273 shares bought for ISK 23.97 million during that reporting week.

Skel's portfolio includes fuel and energy infrastructure, retail, pharmacies, construction equipment and other investments. The company describes itself as an active investor focused on long-term value creation and is listed on Nasdaq Iceland, according to Skel.

Half-year loss narrows

Skel reported a loss of ISK 384 million for the first half of 2026, compared with a loss of ISK 559 million in the first half of 2025. Income from investment activities increased to ISK 466 million from ISK 311 million over the same periods, according to the company's interim financial statements published by Keldan.

The balance sheet remained substantial but smaller than at year-end 2025. Assets stood at ISK 50,841 million on June 30, 2026, versus ISK 57,895 million on December 31, 2025, while equity was ISK 39,430 million versus ISK 42,064 million.

Nasdaq Iceland value

Skel's latest structured quote was ISK 16.60 on Nasdaq Iceland on October 5, 2026, with a 52-week range of ISK 14.60 to ISK 17.60 and market capitalization of ISK 31.2 billion. The interim report put net asset value at ISK 21.00 per share and the equity ratio at 77.5 percent on June 30, 2026. Those figures frame the buyback as a balance-sheet decision as well as a market transaction.

Skel at a glance

• Company: Skel fjárfestingafélag hf.
• Ticker: SKEL
• Primary exchange: Nasdaq Iceland
• Primary exchange price: ISK 16.60 as of October 5, 2026
• Market capitalization: ISK 31.2 billion as of October 5, 2026
• 52-week range: ISK 14.60-17.60 as of October 5, 2026
• Sector / Industry: Consumer Cyclical / Specialty Retail