Energia
Landsnet's Half-Year Financial Report for the period January- June 2025 - Solid performance and exciting times ahead
Landsnet’s interim financial statement for the period January-June, 2025 was published today.
Landsnet delivered strong results in the first half of the year, aligning with expectations. The company reported a profit of USD 11.5 million for the period. The refund of in-feed fees affected this year’s results.
Profits in the first 6 months of the year 2025 amounted to 11.5 million USD compared with 21.1 million USD during the same period in 2024. Earnings before Interest and Taxes (EBIT) was 28.0 million USD compared with 34.9 million USD in the previous year.
The total assets of the company amounted to 1,250.1 million USD compared with 1,236.2 million USD at year end, 2024. Total liabilities amounted to 687.1 million USD compared with 661.2 million USD at year end, 2024.
Equity ratio was 45.5% at end of June, compared with 46.5% at year-end, 2024. Net assets amounted to 568.4 million USD compared with 574.9 million USD at year end in 2024.
Net cash availability was 48.8 million USD at end of June and net cash provided by operating activities amounted to 28.2 million USD.
The interim report can be accessed here: www.landsnet.is
More information can be provided by Guðlaug Sigurðardóttir, CFO: Tel: +354 563 9300 or Email: gudlaugs@landsnet.is
About Landsnet
Landsnet was established in 2005 and is responsible for operating Iceland’s electricity transmission system, one of the most important parts of Iceland‘s infrastructure. Our role is to operate and develop Iceland’s electricity transmission system and administer its system operations.
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