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🇮🇸 Iceland /Economy & Trade

Faxaflóahafnir Reports Record Revenues and Profits in 2025

From Morgunblaðið · () Icelandic

Translated from Icelandic, summarized and contextualized by DistantNews.

At a glance

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  • Faxaflóahafnir, operating major Icelandic ports, reported record revenues and profits in 2025.
  • Operating revenues increased by 8% to 6,978 million ISK, and EBITDA rose nearly 12% to 2,486 million ISK.
  • Both figures surpassed projections and represent the highest since the company's establishment in 2004.

Faxaflóahafnir, the operator of Iceland's most significant ports, has announced a record-breaking year for 2025, with both operating revenues and profits exceeding previous highs.

The company reported that operating revenues grew by 8% compared to the previous year, reaching 6,978 million Icelandic króna (ISK) in 2025, up from 6,463 million ISK in 2024. Furthermore, earnings before interest, taxes, depreciation, and amortization (EBITDA) saw a substantial increase of nearly 12%, rising from 2,222 million ISK in 2024 to 2,486 million ISK in 2025.

According to Faxaflóahafnir's newly released annual report, both revenue and EBITDA figures surpassed the company's initial projections. These results mark the highest financial performance since the company's inception in 2004. Faxaflóahafnir manages extensive port facilities in Reykjavík, Grundartangi, Akranes, and Borgarnes.

The report highlights the strong performance across its managed ports, contributing to the overall financial success. The company's strategic operations and the increasing activity at these key locations have driven this record-breaking year.

DistantNews Editorial

Originally published by Morgunblaðið in Icelandic. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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