Half year results

Core Insights - The company has experienced a significant turnaround in reservoir levels, leading to a return to stable electricity generation, attributed to warm and wet summer weather conditions [1] - Operating revenues for the first half of the year increased by 8%, with profit from core operations also rising by just under 8%, totaling USD 154.5 million [2][5] - The financial position remains robust, with an equity ratio of 62.6% and a year-on-year increase in return on equity to 8% from 7.3% [2][5] Demand and Expansion - Demand for the company's renewable energy continues to exceed supply, prompting one of the largest construction periods in its history [3] - Construction has begun on the Vaðalda wind farm, with expansion work on the Sigalda hydropower station and preparatory work for the Hvammur hydropower station expected to follow [3] - The additional generation capacity from these projects is anticipated to support societal growth and improve living standards in the coming years [3]