The interim financial statements of Kaldalón hf. for the first half of 2025 show substantial revenue growth, with rental income up by 24% year-on-year. Operating profit margin stands at 78% and investments amount to ISK 3.5 billion. The company raises its earnings guidance for the year. Key milestones include increased cash flow, property acquisitions, and progress in environmental certification.

Key financial highlights for H1 2025 include operating revenues of ISK 2.638 million, a 96% weighted occupancy rate, and a profit before tax of ISK 1.753 million. Total assets at mid-year amounted to just under ISK 81 billion. The company updates its outlook for the 2025 financial year, projecting operating revenues of ISK 5,500–5,670 million and operating profit of ISK 4,270–4,430 million.

CEO Jón Þór Gunnarsson highlights strong operations and growth in the first half of the year, with investments in real estate properties and ongoing projects. Kaldalón has signed purchase agreements for new properties in Reykjavík, which are expected to increase annual revenues by ISK 203 million. The company remains well-positioned in the real estate market.

Purchase agreements have been signed for new properties in Reykjavík, expected to increase Kaldalón’s annual operating profit by ISK 171 million. The total purchase price is ISK 2,335 million, with completion anticipated in Q3 2025. The condensed interim financial statements for 2025 have been prepared according to IFRS, including the report of the Board of Directors and CEO.

An investor presentation will be held on August 22nd to discuss the company’s operations, interim results, and outlook. The presentation material will be available on Kaldalón’s website. For further information, contact CEO Jón Þór Gunnarsson at [email protected] or visit the company’s website.

Read more at GlobeNewswire: Interim Financial Statements for the First