Software company Ankeri Solutions generated operating revenues of ISK 390 million last year, according to the company’s newly published annual accounts. Sales revenues amounted to ISK 284 million, representing a 30% increase from the previous year.
Ankeri, which develops cloud-based solutions for companies in the container shipping industry, serves both vessel owners and operators that charter ships for commercial use. The company has also expanded its international presence and recently opened an office in Singapore.
According to the board’s report, the company continued to invest strategically in talent, product development, and sales and marketing capabilities. Operating expenses increased by 21% year-on-year, reaching ISK 418 million. Salaries and contractor fees accounted for the largest share of costs, representing 83% of total operating expenses, while the average number of full-time employees increased by three during the year.
The majority of expenses were related to development activities, which accounted for nearly 70% of total operating costs. Development expenditure totaled ISK 281 million in 2025, of which ISK 182 million was capitalized.
The company reported negative EBITDA of just under ISK 28 million. However, after taking capitalized development costs into account, EBIT was positive at ISK 51 million. Net profit after taxes amounted to ISK 54.4 million.
Ankeri Solutions was founded in 2016, and the New Business Venture Fund Kría first invested in the company in 2018. The shareholder base remained unchanged during the year. The company’s largest shareholder is venture capital fund Frumtak III, which holds a 29% stake. CEO Kristinn A. Aspelund and Leifur A. Kristjánsson each own 24% through their respective holding companies, Aspelund ehf. and Guerrero ehf. Kría holds a 14% stake, while Brekkubyggð ehf. owns 9%.
The board of directors has proposed that no dividend be paid to shareholders and that the year’s profit be carried forward.
