Results for the first nine months

Core Insights - Landsvirkjun's operations remained solid in Q3, with improved reservoir conditions and no expected curtailment of electricity deliveries this winter [1] - Revenue from electricity sales increased by 7% year-on-year, driven by an 8% rise in aluminium prices linked to contracts [2] - Profit from core operations decreased by 14% year-on-year, impacted by a fine from the Competition Authority and higher electricity transmission costs [2] Financial Performance - The financial position is strong, with net debt decreasing by USD 39 million since the start of the year and an equity ratio of 63.1% [3][6] - Return on equity for the first nine months of the year rose to 7.8%, up from 6.9% in the same period of 2024 [3] - Profit from core operations in Q3 was USD 56 million, with cash from operations at USD 46 million [6] Operational Challenges - A significant breakdown at customer Norðurál's aluminium smelter in October did not affect Q3 results, but its financial implications for Landsvirkjun are under assessment [4]