Nordurthing 6th month annual report

Core Insights - The half-year financial report for Norðurþing for the year 2025 indicates a challenging financial environment, primarily due to inflation and significant increases in pension liabilities, which have adversely affected the results [2][3]. Financial Performance - The operating loss for segment A during the period amounted to 231.5 million krónur, compared to a loss of 94.3 million krónur in the same period last year, while the budget anticipated an operating surplus of 78.1 million krónur [2]. - The change in pension liabilities for segment A was 307 million krónur, up from 122 million krónur last year, significantly impacting the operational results for the period [3]. - The consolidated operating loss was 271.9 million krónur, compared to a loss of 131.5 million krónur in the same period last year, with the budget expecting a profit of 110.4 million krónur [3]. Cash Flow and Assets - Cash flow from operations for segment A was 206.6 million krónur, while the total cash flow from operations for the consolidated entity was 280.1 million krónur, representing approximately 8.8% of revenues [3]. - As of the end of the period, cash on hand for segment A was 962 million krónur, and the total cash for the consolidated entity was 1.448 billion krónur [4]. - Total assets for the consolidated entity at the end of the period amounted to 12.115 billion krónur, with equity totaling 3.937 billion krónur [4].