Iceland's EU referendum is on a knife-edge as rural constituencies are leaning decisively for 'No' while Reykjavík's two constituencies lean solidly 'Yes' with just one constituency left to announce results.
The latest figures show the result has swung back in favour of the 'No' vote.
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The 'Yes' campaign had taken an early lead, but as results from the rural Northwest and South constituencies came in heavily in favour of not continuing accession talks with the EU,
Overall 'No' has 52.5% and 'Yes' has 47.5% as of .30am CET.
So far, over 150,000 votes have been scrutinised according to public broadcaster RUV.
Early results had originally given the 'Yes' vote 51.2% but the South constituency final results published at 8.32am CET showed just over 60% voted 'No'.
Prime Minister Kristrún Frostadóttir, Foreign Minister Þorgerður Katrín Gunnarsdóttir and Minister of Education and Children Inga Sæland have called a press conference for 3pm CET where the party leaders will discuss the result and take questions from the media.
We are now waiting for the final figures from one constituency - the Southwest, where the second figures showed Yes on 48.5% and No on 51.5%.
All votes have now been counted in the country's other five constituencies.
The votes were divided as follows:
Reykjavík North: Yes 57.5% - No 42.5%
Reykjavík South: Yes 54.5% - No 45.5%
South constituency: Yes 39.5% - No 60.5%
Northwest constituency: Yes 37.1% - No 62.9%
Northeast constituency: Yes: 38.8% No: 61.2%
In line with the opinion polls, the 'No' is heading toward 60% in more rural regions, whereas initial results from the capital Reykjavík point to around 58% for the 'Yes'.
Results from the Northwest Constituency see the Eurosceptic camp at 60.8%, and the 'Yes' camp at 39.2%, whilst the Northeast Constituency with nearly 10,000 votes has the 'No' at 56% and the 'Yes' at 44%.
By contrast, the initial results for Reykjavík's south constituency with over 20,000 votes scrutinised have the 'Yes' at 55.9% and 'No' at 44.1%. The capital's north constituency has nearly 21,000 votes scrutinised, with the 'Yes' at 59.4% and the 'No' at 40.6%.
The partial results are consistent with expectations, as rural areas are expected to be more Eurosceptic due to concerns related to fisheries and farming, whilst the capital Reykjavík is expected to be more pro-EU.
Polling stations closed at 10:00 pm local time on Saturday for Iceland's high-stakes EU referendum.
On Saturday, Icelanders were called to vote on whether to resume accession negotiations with the European Union or abandon any prospect of joining the bloc for the foreseeable future. Around 272,000 individuals were eligible to vote.
According to preliminary figures, voter turnout was higher than, or at least comparable to, the 2024 parliamentary elections, when it reached 80%, according to local media.
Until a few days before the vote, polls suggested a neck-and-neck race, with the pro-European camp's advantage steadily eroding.
"Should Iceland resume accession negotiations with the European Union?" was the question on the ballot.
Iceland applied for EU membership following the 2009 financial crisis, but froze the talks after the election of a Eurosceptic government in 2013.
This is a developing story.