KNI A/S delivers a half-year profit of DKK 86.8 million before tax in the first half of the financial year 2025/26. This is a significant improvement compared to the same period last year, when the profit before tax was DKK 59 million.
Total revenue in the first half of the year amounted to DKK 1,405 million, which is a decrease of DKK 40.8 million compared to the first half of the previous year. The development covers a revenue decrease of approximately DKK 97 million in the Commodity Division, while the Energy Division has had an increase of approximately DKK 56 million.
Decline in the goods division
The decline in the goods division is primarily due to the loss of wholesale sales within tobacco, beer and water and the closure of duty-free in Kangerlussuaq. According to KNI, the energy division's progress can be attributed to the fact that it is now selling at regular sales prices. In the same period last year, previous years' profits were used for price-cutting measures.
The decisive reason for the satisfactory half-year result is higher than expected sales of fuel outside the service contract area. This applies in particular to sales to cruise ships, trawlers and other customers, which have contributed positively to earnings.
- Despite the changed framework conditions and the resulting loss of revenue, the product division has managed to adapt the business enough to create a slightly positive earnings. It has succeeded in making the necessary capacity adjustments, while product range adjustments and other strategic initiatives have not yet been implemented, writes KNI A/S in a press release.
KNI expects that the result for the second half of the financial year 2025/26 will be at a significantly lower level than the first half. The expectation is that both divisions will realize minimal profits.
