Danish energy, telecom and TV group Norlys reported higher revenue for the first half of 2026 on Thursday, but still ended the period with a pre-tax loss of 480 million kroner.
The cooperative group published its half-year figures on August 13, 2026. Avisen Danmark, drawing on reporting from the news agency Ritzau, reports that revenue grew by almost 1 billion kroner to 9.1 billion kroner.
According to the same report, the increase came from both better settlement prices for electricity and higher demand. Chief financial officer Anne Mette Aaby Aaes said rising numbers of electric cars and trucks are clearly visible in the group’s charging business.
Charging and grid volumes up
Norlys installed close to 500 new charging points across Denmark in the first half of 2026, per the company’s own account cited by Avisen Danmark. Sales of kilowatt-hours through its EV charging network were 260 percent higher than in the same period a year earlier.
The group’s grid subsidiary N1, which serves a large share of electricity customers in Jutland, registered 7 percent higher combined consumption. Norlys is a cooperative owned by the roughly 820,000 customers in N1. In total, the group counts 3.5 million customer relationships.
Despite the revenue growth, gross profit fell slightly to just under 1.4 billion kroner. As in the previous year, the group did not manage to bring its pre-tax result into positive territory.
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Norlys attributed the 480 million kroner pre-tax loss partly to depreciation tied to two acquisitions. These were the purchase of Telia’s mobile business and of Ewii’s fiber network in the Triangle Region of southern Jutland. The company also continues to spend heavily on new charging infrastructure and on expanding its fiber network.
Aaby Aaes said cold winter weather delayed some activities early in the year. She added that the group is maintaining its high investment level and expects to invest a record amount in critical infrastructure again this year, according to Avisen Danmark.
Second consecutive loss-making year expected
Norlys closed 2025 with a pre-tax loss of 1.1 billion kroner. The company said it expects red figures on the bottom line again in 2026.
The group sells electricity, internet, telephony, TV and streaming services. Its consumer offerings place it among the larger electricity providers and internet subscription suppliers in the Danish market.
No other Danish or international outlet had published a separate report on the half-year figures at the time of writing, based on available coverage. The numbers and management comments in this article come from Norlys’ own half-year accounts as reported by Avisen Danmark and Ritzau.
