
Impressive operating results by Efling Union
Efling 's operations were very strong in the 2025 operating year. Revenue increased by 16% year-on-year, earnings improved by 301 million ISK, and the company's financial position strengthened considerably.
The annual accounts of Efling Trade Union for 2025 were approved by the board of directors of the company today, March 12, 2026. The results of the operating year 2025 are very positive. The company is in a better position than ever before, with a strong revenue base, moderate growth in operating costs and even improved results, at the same time as targeted restructuring for the benefit of its members took place.
The total result for the year amounted to almost 1.3 billion ISK, which is comparable to the result in 2024.
Significant revenue growth
Efling total revenue amounted to just over ISK 4.2 billion in 2025, which is ISK 579 million higher than in 2024, or an increase of 15.9%. Membership fees increased by ISK 452 million and income from holiday homes and other services also increased, reflecting both the increase in the number of members and greater activity in the company's operations.
Despite challenges in domestic and international markets, including high interest rates and weak returns that impacted financial income, Efling has maintained its operations on a secure and positive basis. This underscores the prudence, responsibility and discipline in the company's operations.
Costs rose less than expected
The company's costs, including paid benefits and grants, rose to ISK 3.5 billion, an increase of 8.6%. However, the company's office operating costs decreased by just over ISK 6 million between years. This clearly shows restraint and good control over the company's operational aspects. Salary and personnel costs rose in line with increased projects and the increase in full-time equivalents, in addition to the collective agreement-based wage increases.
During the year, numerous investments and renovations were also undertaken that will strengthen the company's long-term performance and improve service to members. These include renovation of premises and advances in information technology, as well as significant renovations to holiday homes, which contribute to better utilization and increased quality of service that will benefit members in the future.
The performance is strengthening
The operating result for the year amounted to ISK 722 million, which is a significant improvement from ISK 421 million in 2024. Efling financial result amounted to ISK 563 million. Despite market fluctuations, financial results remained strong. The result shows that Efling is responding well to the changing economic environment with targeted and responsible actions.
Assets and equity continue to grow
Total assets increased by almost 1.5 billion ISK, or 8.9%, to just over 18.2 billion ISK at the end of the year. Major construction and investments in infrastructure and services are key factors in this increase.
Equity increased by ISK 1,345 million, or 8.3%, and stood at ISK 17.6 billion at year-end. This reflects Efling 's strong financial position and sustainable operating strategy.
Foresight and responsibility bring results
"The results of the year reflect how we have placed strong emphasis on responsible finances, transparency and forward-looking decision-making. We have worked systematically to improve internal processes, strengthen the company's operating base and ensure better service for members. The operation is performing well, but due to difficult conditions in the capital markets, the company's return on assets was below expectations," says Perla Ösp Ásgeirsdóttir, Managing Director Efling .
At the same time as its operations have been solid, Efling has also taken targeted actions to build infrastructure for the future, enhance services, and ensure that the company stands strong against the challenges that come with a volatile economic environment.
Efling better prepared than ever before
Financial stability, discretion and progress are now the dominant factors in the company's operations. Efling is therefore in a better position than ever before, financially, organizationally and in terms of service, and will continue on the same path with responsibility, discretion and ambition as its guiding principles.
Efling annual accounts are published here on the company's website, but a copy is also available at the Efling union's reception desk, Guðrúnartún 1, for members to view.
Here you can find the signed annual report Efling union for the year 2025.




