Austevoll Seafood
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Austevoll Seafood (AUSS) investor relations material

Austevoll Seafood Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary24 Feb, 2026

Executive summary

  • Full-year 2025 revenue reached NOK 39,320 million, up 11%, with adjusted EBITDA at NOK 5,288 million, down 28% year-over-year.

  • Adjusted EBIT including associates was NOK 2,957 million, a 47% decrease from the previous year.

  • Q4 saw strong activity in Peru and Chile, with Peru catching 98% of its quota and Chile doubling its Q4 catch volume year-over-year.

  • VAPS & D segment achieved record earnings, while whitefish catch volumes declined but were offset by significant price increases.

  • The Board proposes a dividend of NOK 6.50 per share for 2025, unchanged from the prior year.

Financial highlights

  • Q4 2025 operating revenue was NOK 9,410 million, up 3% year-over-year; full-year revenue reached NOK 39,320 million.

  • Adjusted EBITDA for Q4 was NOK 1,387 million; full-year adjusted EBITDA was NOK 5,288 million.

  • Net profit for Q4 was NOK 248 million (Q4 2024: NOK 1,810 million); full-year net profit was NOK 688 million (2024: NOK 4,890 million).

  • Equity ratio at year-end was 52%, with net interest-bearing debt at NOK 8,712 million.

  • Cash and cash equivalents at year-end were NOK 5,101 million.

Outlook and guidance

  • Global salmon supply is expected to grow 1.3% in 2026, with Norwegian supply down 1.4%.

  • Lower sales volumes expected in early 2026, but higher prices and strong fishmeal activity in the South are anticipated to offset this.

  • Challenging quota situation for whitefish in 2026, with cod quota down 16% and saithe quotas reduced.

  • LSG expects unchanged harvest volumes for 2026, with cost per harvested kilo expected to decline due to lower feed costs.

  • VAPS & D segment aims for continued profit growth after surpassing NOK 1.25 billion EBIT in 2025.

Chilean Fishery Act impact on FC?
Global salmon supply growth for 2026?
Pelagia's 2025 earnings weaker, why?
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Q1 202612 May, 2026
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Frequently asked questions

Austevoll Seafood ASA, a seafood company, engages in the salmon and trout, white fish, and pelagic businesses in Norway, the European Union, Eastern Europe, Africa, Asia, North America, South America, and Central America. Its salmon farming products include conventional eggs, smolts and harvest-ready fish; trout farming products comprise eggs and harvest-ready fish; and whitefish farming includes cod farming. The company also offers pelagic farming products comprising harvest-ready fish of herring and mackerel for human consumption; industrial raw materials for the manufacture of food ingredients in various industries such as aqua feed industry; feed ingredients for various types of animal production; and finished products.

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