Arctic Import Reports Strong Performance in Annual Accounts
The Greenlandic-Danish company Arctic Import is demonstrating solid progress, as reflected in its latest annual accounts, which were unveiled during the company’s general meeting on Friday.
The financial report for 2025 reveals a profit of DKK 15.9 million, an increase from DKK 13.9 million in 2024. Meanwhile, the balance sheet highlights an equity figure of DKK 50 million as of December 31, 2025. Managing Director Thomas Hjort expressed satisfaction with these results, particularly in light of the ongoing political unrest and shifting economic landscape in the region. He was quick to attribute much of the success to the dedication of the company’s employees.
“Arctic Import owes its achievements to our talented workforce,” Hjort stated. “Many of our team members have been with us for years, and in the current climate in Greenland, it is essential that we as a company prioritize well-being and safety in the workplace.”
Founded in Greenland nearly 50 years ago, Arctic Import has committed to remaining in the region for the next half-century, regardless of future uncertainties. “We have a responsibility to our customers and employees, and we intend to honor that promise,” Hjort added.
A Year of Turbulence
Echoing Hjort’s sentiments, Finance Director Rikke Larsen noted that 2025 was a tumultuous year for both Greenland and the company’s stakeholders. “We emerge from this year with results we can be proud of. The steadfast support from our employees, customers, and business partners has been the bedrock of our operations,” she remarked.
The firm plans to reinvest its profits back into Greenland, particularly in a new headquarters located in Qeqertanut, Nuuk. Expected to open in late 2026, this facility will enhance Arctic Import’s local presence and operational efficiency. “The new headquarters will boost our storage capacity, create additional local jobs and apprenticeships, and improve logistics throughout Greenland,” explained Hjort. “This development aims to provide even better service to our customers and to support the burgeoning tourism sector.”
Photo: PR photo Kristoffer Loft
Adjustments in the Faroe Islands
Arctic Import’s reach extends across the North Atlantic, with personnel in Nuuk, Reykjavik, and Aalborg. However, the company made the decision to scale back operations in the Faroe Islands last year, selling its subsidiary after 25 years of presence.
“It was a challenging choice, but ultimately the right one. We will maintain a presence in the Faroe Islands, but our focus will shift from consumer goods and home furnishings to supplying food to larger retail clients,” said Hjort.
Despite this change, Arctic Import’s wholesale operations in Iceland thrived in 2025. “By optimizing costs and refining our organizational structure, we’ve bolstered earnings overall. Continuous digitization efforts have also streamlined processes, enhancing productivity and ensuring more stability in costs,” concluded Hjort.
In summary, as Arctic Import navigates a landscape marked by uncertainty, it’s clear that the company remains committed to both its roots in Greenland and its vision for sustainable growth.