Landsnet’s interim financial statement for the period January-June, 2025 was published today.
Landsnet – Half-Year Financial Report, January- June 2025
Solid performance and exciting times ahead
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.
Ragna Árnadóttir, CEO of Landsnet:
“The coming period will be challenging as we work to strengthen and develop the transmission system for the future. This interim report reflects Landsnet’s sound financial position. Revenues for the first half of the year were lower than during the same period last year, primarily due to refunds of in-feed fees resulting from a Supreme Court ruling. Nevertheless, forecasts indicate that the company’s full-year operating results will broadly align with previous years.
This year’s projects were numerous and, for the most part, on schedule. …