)
Edge14 Nov 2025
Ball: The King of Cans
From a 19th-century glass-jar legacy to a global plant network, Ball is now a pure-play aluminum can partner to the world's biggest beverage brands.
Grieg Seafood (GSF) investor relations material
Grieg Seafood Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Divestment of Finnmark and Canadian operations approved by Norwegian and US authorities; Canadian approval expected in Q4 2025, with transaction closing anticipated in Q4, enabling a strategic shift to core Norwegian operations and financial strengthening into 2026.
New operating model implemented, including a ~55% reduction in HQ FTEs, with a strong focus on cost reduction, regional profitability, and organizational restructuring.
Strategic transformation underway to position the company as a focused, efficient, and profitable Norwegian aquaculture player, prioritizing profitability over growth.
Financial highlights
Q3 2025 harvest volume from continued operations was 6,820 tonnes, down 20% year-over-year; operational EBIT was NOK -1 million (NOK -0.2/kg), impacted by higher costs and restructuring.
Sales revenues from continued operations were NOK 754 million, a 12% decrease compared to Q3 2024.
Net cash flow from operations was negative NOK 304 million, with positive EBITDA of NOK 101 million offset by significant biomass buildup.
Net profit for the period from continued operations was NOK -344 million, with discontinued operations contributing NOK 59 million.
Net interest-bearing debt increased by over NOK 700 million, mainly due to financing discontinued operations.
Outlook and guidance
Estimated harvest volume for 2025 remains at 30,000 tonnes, with 6,900 tonnes expected in Q4 2025.
Farming costs are expected to normalize in Q4 2025 but remain above the long-term target of NOK 60/kg, with full-year cost per kilo slightly above NOK 60 (around NOK 62-62.5).
Positive market outlook for 2026, with focus on strengthening Rogaland and enhancing profitability.
Capex for continued operations in FY 2025 reduced by NOK 110 million to NOK 215 million.
Preliminary estimate of NOK 4 billion dividend post-transaction, with a revised dividend policy planned for 2026.
Revise 2026 dividend policy details
Post-smolt strategy's future biological impact
Achieving NOK 60/kg farming cost target
Quantify HQ cost cuts and CapEx reductions
Post-smolt: specific benefits and risk reduction
What are the plans for hybrid bond redemption?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Grieg Seafood earnings date
Q4 202520 Feb, 2026
Next Grieg Seafood earnings date
Q4 202520 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Grieg Seafood ASA, operates as a fish farming company. The company supplies farmed salmon and trout from Norway, Scotland, Chile and Canada. Its products include seafood, including fresh seafood and frozen seafood; aquaculture food; and pet food. The company operates through three segments: Norway, Chile and Canada. The company is also involved in purchasing crude oil for the purpose of producing fish farm heating. Grieg Seafood is based in Bergen, Norway.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage