Reykjavík Energy | Strong First-Quarter Performance

Financial Performance - Reykjavík Energy reported a profit of ISK 4.5 billion for the first three months of the year, compared to ISK 2.9 billion in the same period in 2024 [1] - Revenues increased by 7% year-on-year, while expenses declined by the same proportion [2] - Cash flow from operations rose to ISK 9.4 billion from ISK 8.0 billion in the same period last year [3] Operational Insights - Investment in fixed operational assets remained stable year-on-year at ISK 6.4 billion, primarily driven by Veitur Utilities for district heating system enhancements [3] - ON Power received a reimbursement of approximately ISK 450 million due to a correction in Landsnet's tariff schedule [2] Management Commentary - The CEO of Reykjavík Energy expressed satisfaction with the financial results, highlighting the company's growing capacity for essential investments and a decline in interest expenses [4]