Financial Statements 2022

Operational profit in 2022 was $1.040 millions. We produced 306.267 tonnes of aluminum and aluminum alloys. Electricity usage was about 25% of all electricity produced in Iceland. Total number of employees was 632.


Revenues 1.040
Profit (Loss) 219
Investments 44
Equity Ratio 70%
Return on Equity 25.1%
Employees 632
Production (tonnes) 306.267



Gunnar Guðlaugsson is Norðurál’s Managing Director. Board members in 2020 were John DeZee, Gunnar Guðlaugsson, Michelle Harrison and Sigrún Helgadóttir.

Norðurál is an ISO 9001 Certified Company for Quality Controls. Environmental Standards and Safety Protocols are ISO 14001 and ISO 45001 Certified. The Company is an ÍST 85:2012 Equal Pay Certified Employer and an ASI Certified Environmentally and Socially Responsible Company.

Financial Statement 2022

Financial Statement 2021

Financial Statement 2020

Financial Statement 2019

Financial Statement 2018

Financial Statement 2017