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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Kaldvik
Kaldvik (KLDVK) investor relations material
Kaldvik Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary27 Aug, 2026
Executive summary
Q2 2026 harvest reached 1,840 tonnes, up from 1,235 tonnes in Q2 2025, with a superior share of 68.2%, reflecting improved performance of the 2025 generation.
Operational EBIT for Q2 2026 was -EUR 3.3 million, an improvement from -EUR 4.3 million in Q2 2025, with EBIT per kilo at -EUR 1.77.
Revenues for Q2 2026 were EUR 11.3 million, up from EUR 7.9 million in Q2 2025, with price achievement at EUR 5.92/kg.
Strategic review completed, focusing on optimizing production, reducing biological risk, and improving smolt quality.
Full year 2026 harvest guidance maintained at 17,000 tonnes, with Q3 and Q4 expected harvests of 3,500 and 5,200 tonnes, respectively.
Financial highlights
Operational EBIT in Q2 2026 was -EUR 3.3 million; EBIT per kilo was -EUR 1.77.
Revenues reached EUR 11.3 million in Q2 2026; YTD 2026 revenue was EUR 47.8 million.
Net loss for Q2 2026 was EUR 8.5 million; equity ratio at quarter end was 50.8%.
Net interest-bearing debt increased to EUR 196.4 million at 30 June 2026.
CapEx investments for Q2 2026 were EUR 0.8 million.
Outlook and guidance
Full year 2026 harvest guidance remains at 17,000 tonnes; Q3 and Q4 expected at 3,500 and 5,200 tonnes.
All remaining 2026 harvests will be from the 2025 generation, which is performing well.
Long-term production target is 45,000 tonnes, with milestone one at 30,000 tonnes by 2028.
2027 is considered a transition year, targeting above 20,000 tonnes harvested.
Contract share for H2 2026 is 35%, providing revenue predictability.
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Latest events from Kaldvik
- Q1 2026 losses from early harvest were offset by new strategies and improved future outlook.KLDVK
Q1 2026 - Record Q4 harvests but negative EBIT; 2025 generation drives optimism for 2026.KLDVKQ4 2025
- Q3 2025 featured lower harvest, deepening losses, and reduced guidance amid operational challenges.KLDVKQ3 2025
- Q2 2025 marked by negative EBIT and weak harvests, but 2025 outlook strong on new capacity.KLDVKQ2 2025
- Scalable, vertically integrated salmon producer in Iceland's East Fjords targets 45kt harvests.KLDVKCompany Presentation
- Q3 EBIT EUR 2.1M, revenue EUR 24.5M, 2024 harvest cut to 15,000t amid growth investments.KLDVKQ3 2024
- Negative EBIT in Q2, but strong biomass and 17,500t harvest guidance with major investments.KLDVKQ2 2024
- Strong Q1 growth, asset acquisitions, and new financing support future expansion.KLDVKQ1 2025
- Biological setbacks led to a EUR 23.1m write-down, but growth and refinancing initiatives continue.KLDVKQ4 2024
Next Kaldvik earnings date
Q3 202613 Nov, 2026
Kaldvik
Next Kaldvik earnings date
Q3 202613 Nov, 2026
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Frequently asked questions
Kaldvik (formerly Ice Fish Farm AS) operates as a fish farm in Iceland. It also cultivates biostimulants, which are naturally occurring substances intended to stimulate various physiological responses and accelerate the natural metabolic activity of aquatic organisms such as phytoplankton and zooplankton. The company was founded in 2020 and is based in Kopavogur, Iceland