Key Figures

According to the income statement, Sýn's revenues from sold goods and services amounted to ISK 21,647 million, compared to ISK 21,746 million in 2023, representing a decrease of 0.5%. The net loss for the year was ISK 1,518 million, compared to a profit of ISK 2,109 million the previous year. The loss for 2024, adjusted for impairment of ISK (-1,161 million), amounted to ISK 357 million. The foreign exchange difference from the subsidiary Endor ehf. was transferred directly to equity, resulting in a total comprehensive loss of ISK 1,562 million for the year.

Sýn's total assets amounted to ISK 31,050 million at year-end, a decrease of 11% year-over-year. The decrease in total assets is explained by the impairment during the year, along with a receivable of ISK 2,000 million from Ljósleiðarinn due to the sale of core network assets at the end of 2023. The current ratio was 1.78 at the end of 2024, compared to 1.68 at year-end 2023. At the end of 2024, equity amounted to ISK 8,652 million, and the equity ratio was 27.9%. Outstanding share capital at the end of the period was ISK 2,476 million, compared to ISK 2,510 million at year-end 2023. In November 2023, a second share buyback program was initiated, which concluded in February 2024.