Iceland Post benefits by just under 200 million

Iceland Post’s turnover increased by 531 million between years and the company turned down ISK 7.64 billion last year. The company also made a profit of ISK 187 million last year.

The company’s equity is ISK 3.82 billion and EBITDA, the results for depreciation, financial items and taxes, amounted to ISK 823 million last year.

This is stated in a notification from Iceland Post, but the company’s annual report was issued at its Annual General Meeting today. This is the fifth year in a row that Iceland Post’s operating performance is positive.

« The results of the report show that despite various challenges, optimization and increased turnover have been effective, » the announcement states.

It also states that the company’s full -time equivalent positions have decreased between years. They were 460 at the end of 2024 and 472 the year before.

The competitive environment has changed rapidly

It is also stated that Iceland Post was fully funded by universal service in 2024. Payment was received from the state partially in early January 2025 and a surplus in mid -March 2025.

« Continued investment in the automation of the Post Systems has resulted in faster processing of foreign registered shipments. The speed is such that about 95% of such shipments into the capital area return within 24 hours and over 90% in the countryside within two days, » the announcement states.

According to Þórhildur Ólöf Helgudóttir, CEO of the Post, the Competition Environment of the Post has changed rapidly. However, the role of the company was unchanged:

« Connecting people, businesses and communities by sharing products, data and information to customers all over the country and around the world, » said Thorhildur.