)

Lerøy Seafood Group (LSG) investor relations material
Lerøy Seafood Group Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue grew 15% year-over-year to NOK 8.8bn in Q2 2025, driven by higher harvest and sales volumes despite a sharp drop in salmon and trout prices.
Achieved record high earnings in VAP/VAPS & D sales and distribution, supported by structural improvements and strong demand.
Strong biological performance in farming, with record net growth and high survival rates, despite challenging market conditions.
Wild catch segment faced lower quotas but offset by significant price increases, improving EBIT.
Dividend of NOK 2.50 per share paid during the quarter.
Financial highlights
Revenue: NOK 8,826m in Q2 2025 (+15% y-o-y); operational EBIT: NOK 680m (-25% y-o-y); operational EBITDA: NOK 1,138m (-12% y-o-y).
EPS was NOK 0.75 in Q2 2025, nearly flat year-over-year.
Net interest-bearing debt rose to NOK 8,461m, mainly due to dividend payments.
Equity ratio stands at 49%, reflecting a strong balance sheet.
ROCE before fair value adjustments: 8.2%, down from 15.7% year-over-year.
Outlook and guidance
2025 harvest guidance for Norway maintained at 195,000 GWT, with a long-term target of 200,000 tons.
VAPS & D EBIT target of NOK 1.25bn for 2025 appears achievable.
Wild catch quotas for 2025: Cod -32%, Haddock -2%, Saithe North unchanged, Saithe South +40%; further quota reductions expected in 2026.
Expectation of continued positive profitability trend in VAP/VAPS & D sales and distribution.
High sea temperatures present biological risks, but positive biological development expected in H2 2025.
Next Lerøy Seafood Group earnings date

Next Lerøy Seafood Group earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, 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.
)
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.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
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.
)
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.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
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.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
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.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
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.
Explore our global coverage