Things are going well in the Greenlandic-Danish company Arctic Import.
This is shown in the company’s annual accounts, which were published in connection with the company’s general meeting on Friday.
Things are going well in the Greenlandic-Danish company Arctic Import.
This is shown in the company’s annual accounts, which were published in connection with the company’s general meeting on Friday.
The group’s income statement for 2025 shows a profit of DKK 15.9 million compared to a profit of DKK 13.9 million in 2024, while the group’s balance sheet shows an equity of DKK 50 million, 31 December 2025.
Managing director Thomas Hjort is also satisfied with the result and emphasizes that it has been realized in a time of political unrest and a new reality. But he is also quick to pass on the credit for the good result to the employees.
– Arctic Import is nothing without our skilled employees. Many have been with us for years, and especially in the situation Greenland is in now, it is clear that we as a company must take greater responsibility for well-being and safety in the workplace, says Thomas Hjort.
– We were founded in Greenland almost 50 years ago, and we expect to be there for the next 50 years. Regardless of what happens in Greenland, we are there. We have promised our customers and our employees that, and we keep that promise.
A violent year
Thomas Hjort is supported by Rikke Larsen, who is finance director at Arctic Import.
– We will leave 2025 with a result we can be proud of. In many ways, it was a violent year for Greenland and for our employees, customers and business partners. Their continued trust in us and trust that we are in Greenland, regardless of what the future holds, is the foundation for our business.
The profit is to be invested in Greenland, where Arctic Import continues its investments in a new headquarters at Qeqertanut in Nuuk. The new head office is expected to be inaugurated around the end of 2026 and will help strengthen the group’s local roots in Greenland and create a better framework for future growth and efficient operations, explains Thomas Hjort.
– The headquarters will increase storage capacity, create more local work and student places and strengthen the logistics chain to the rest of Greenland. All with the aim of creating an even better framework for servicing Arctic Import’s customers, while at the same time the company becomes even better equipped to support the growing tourism.
Throttles down on the Faroe Islands
Arctic Import has the entire North Atlantic as its market with employees in Nuuk, Reykjavik and Aalborg, while the Faroe Islands were throttled down last year when the Faroese subsidiary was sold after the company had been in the country for 25 years.
– It was not an easy decision, but we believe it was the right one. We will continue to be present in the Faroe Islands in the future, but where in the now sold business we focused on consumer goods, furnishings and interiors, in the future we will focus on food for larger retail customers, says Thomas Hjort.
At the same time, Arctic Imports wholesale business in Iceland continued to grow in 2025.
– Together with cost and organizational optimisations, this has strengthened overall earnings. In addition, ongoing work is being done with digitization and streamlining of processes. It has increased productivity, created greater stability in costs and contributed significantly to the year’s result, says Thomas Hjort.
