Amaroq Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

ICSE:AMRQ Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
02 Sep 25	BuyISK 9,998,826	Eldur Olafsson	Individual	95,693	ISK 104.49
02 Sep 25	BuyISK 5,023,486	Ellert Arnarson	Individual	45,000	ISK 111.63
22 Aug 25	SellISK 28,708,283	James Gilbertson	Individual	255,672	ISK 112.29
26 Jun 25	SellISK 29,729,466	James Gilbertson	Individual	220,000	ISK 135.56
09 Apr 25	BuyISK 251,045	Edward Westropp	Individual	2,049	ISK 122.52
09 Apr 25	BuyISK 1,241,616	Ellert Arnarson	Individual	10,000	ISK 124.16
09 Apr 25	BuyISK 5,040,588	Eldur Olafsson	Individual	40,000	ISK 126.01
16 Dec 24	BuyISK 173,142,475	Sigurbjorn Thorkelsson	Individual	1,165,382	ISK 148.57
16 Dec 24	BuyISK 17,314,218	Livermore Partners LLC	Company	116,538	ISK 148.57
16 Dec 24	BuyISK 86,571,089	Eldur Olafsson	Individual	582,690	ISK 148.57

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of AMRQ?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	32,031,186	7.05%
Private Companies	64,355,563	14.2%
Institutions	109,145,843	24%
General Public	248,574,061	54.7%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 24.2%.

Top Shareholders

Top 25 shareholders own 45.26% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
5.85%	J L E Properties Limited	26,572,545	ISK 4.0b	0%	no data
4.25%	EIFO	19,298,016	ISK 2.9b	0%	92.29%
3.85%	Gildi - lífeyrissjódur	17,485,000	ISK 2.7b	0%	1.9%
3.3%	Pension Fund for State Employees	14,974,016	ISK 2.3b	0%	2.11%
3.25%	Livermore Partners LLC	14,738,462	ISK 2.2b	0%	no data
3.25%	David Neuhauser	14,738,462	ISK 2.2b	0%	no data
2.91%	JLE Property Ltd	13,222,545	ISK 2.0b	-30.5%	no data
2.43%	First Pecos LLC	11,040,478	ISK 1.7b	0%	no data
2.28%	Arion banki hf.	10,333,818	ISK 1.6b	0%	50.15%
2.08%	Íslandssjóðir hf	9,440,361	ISK 1.4b	5.95%	5.1%
1.94%	Sigurbjorn Thorkelsson	8,792,538	ISK 1.3b	0%	no data
1.7%	Kvika eignastýring hf.	7,715,318	ISK 1.2b	-14.6%	100.0%
1.38%	Vatnar S.à R.L.	6,260,858	ISK 952.0m	0%	no data
1.29%	Eldur Olafsson	5,862,386	ISK 891.4m	1.66%	no data
1.07%	Íslandsbanki hf.	4,872,918	ISK 741.0m	95.9%	7.66%
0.96%	RWC Partners Limited	4,337,173	ISK 659.5m	0%	0.04%
0.95%	Franklin Resources, Inc.	4,325,000	ISK 657.7m	2.98%	no data
0.88%	Tm Tm Tryggingar Hf	4,014,035	ISK 610.4m	0%	no data
0.71%	Fossar ehf.	3,245,102	ISK 493.4m	0%	no data
0.5%	Graham Stewart	2,251,579	ISK 342.4m	0%	no data
0.35%	Premier Fund Managers Ltd.	1,594,540	ISK 242.5m	0%	0.03%
0.059%	Joan Plant	265,672	ISK 40.4m	0%	no data
0.022%	Ellert Arnarson	100,000	ISK 15.2m	81.8%	no data
0.0069%	Teucrium Investment Advisors, LLC	31,221	ISK 4.8m	23.9%	0.05%
0.0032%	Line Frederiksen	14,500	ISK 2.2m	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/12/03 09:44
End of Day Share Price	2025/12/03 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Amaroq Ltd. is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Timothy Huff	Canaccord Genuity
Gerald Khoo	CGS International
Li Low	Panmure Liberum