Ljósleiðarinn strengthens infrastructure and fortifies operations

The Board of Ljósleiðarinn ehf. approved the company's annual financial statements for 2024 at its meeting today. The results show that operating revenues increased to approximately ISK 5.67 billion, and operating profit (EBITDA) rose year-on-year, reflecting greater internal strengthening and growing demand for powerful fiber-optic connections. Equity at the end of the year amounted to ISK 14.55 billion, providing an equity ratio of 36.2%. “The year 2024 was a milestone for Ljósleiðarinn...

Reykjavík, 04/03/2025 (informazione.news - comunicati stampa - economia)

The Board of Ljósleiðarinn ehf. approved the company's annual financial statements for 2024 at its meeting today. The results show that operating revenues increased to approximately ISK 5.67 billion, and operating profit (EBITDA) rose year-on-year, reflecting greater internal strengthening and growing demand for powerful fiber-optic connections. Equity at the end of the year amounted to ISK 14.55 billion, providing an equity ratio of 36.2%.

Increased internal strength despite a loss

The net loss for the year was ISK 731 million, compared to ISK 570 million the previous year. Despite this increase—mainly attributable to extensive development and higher financing costs—EBITDA rose year-on-year, amounting to ISK 3.0 billion (2023: ISK 2.7 billion). Cash flow from operations also increased, reflecting the company's solid operational foundation and improved cash flow.

New financing increases flexibility

As recently announced, Ljósleiðarinn has secured favorable loan financing from the Nordic Investment Bank, totaling ISK 4 billion over seven years. Such a refinancing arrangement strengthens Ljósleiðarinn's capital structure and helps reduce financing costs.

More connections and continually improving service

In 2024, special emphasis was placed on maintenance and upgrades to the core network, including merging infrastructure from Sýn. Additionally, more and more municipalities and neighborhoods joined Ljósleiðarinn's network. Demand for high-speed internet connections, both for households and businesses, has never been higher, and Ljósleiðarinn continues to focus on improving its telecommunications systems with increased capacity and an enhanced user experience.

Einar adds that there has been significant investor interest in the company, but at this point, there are no plans to sell shares.

Bright Outlook

The positive trend in operating profit, cash flow, and the number of connections gives Ljósleiðarinn considerable scope to expand services and continue to grow. Part of this journey involves strengthening telecommunications security across the country and emphasizing robust collaboration with municipalities and telecom companies.

For further information, please contact:

Attachment