Grieg Seafood ASA

Latest Results (10.11.2025):

Grieg Seafood ASA’s Q2 2025 report outlines a strong operational performance and a pivotal strategic shift, marked by improved production efficiency and a major divestment agreement. The company reported increased harvest volumes and enhanced operational EBIT performance while finalizing the NOK 10.2 billion deal with Cermaq Group for its Finnmark and Canadian operations. These initiatives are designed to strengthen its financial position and focus on its core operational region in Rogaland.

Production Performance

The report highlights robust production with a Q2 harvest volume of 8,850 tonnes from continued operations, demonstrating stable freshwater and seawater production across all regions. Total harvest volume, including discontinued operations, reached 21,798 tonnes, underscoring the company’s capability to meet its production targets.

Enhanced Operational Efficiency

Grieg Seafood ASA achieved operational EBIT of NOK 91 million in Q2 2025 from continued operations, a substantial improvement over NOK 18 million in Q2 2024. This performance was mirrored by an increase in operational EBIT per kg from NOK 6.4 to NOK 10.3, reflecting effective cost management and operational execution.

Strategic Divestment

A major highlight in the Q2 report is the agreement with Cermaq Group for the sale of the Finnmark and Canadian operations, valued at NOK 10.2 billion on an enterprise value, cash- and debt-free basis. This divestment, expected to be completed in Q4 2025, is a key step in streamlining operations and reinforcing a robust financial foundation.

Future Operational Focus

Post-divestment, Grieg Seafood ASA will concentrate on its Rogaland operations, targeting a full-year harvest of 30,000 tonnes for continued operations with an anticipated 8,000 tonnes in Q3 2025. Additionally, the enhanced financial position is set to support disciplined capital allocation and potential dividends aimed at driving long-term shareholder value.