)
Edge3 Oct 2025
Epiroc: A Culture of Moving Mountains
From automation to electrification, Swedish industrial giant Epiroc is leading a transformation in how the world mines.
Nordic Aqua Partners (NOAP) investor relations material
Nordic Aqua Partners Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary25 Sep, 2025
Executive summary
Achieved a commercial harvest of 756 tonnes HOG in Q2 2025, with 99% superior quality and an average harvest weight of 4.6 kg HOG (5.6 kg LW), receiving strong customer feedback.
Q2 2025 revenue reached EUR 5.1 million, with an average sales price of EUR 6.74/kg, reflecting a 28% decrease from the previous year.
Announced a transformational financing package with new Chinese investors and external financing to accelerate growth and strengthen the strategic position in China.
Became the first Atlantic salmon producer in China to receive the NSF no antibiotic certificate, enhancing food safety credentials.
Stage 2 construction is progressing on schedule, with CAPEX reduced by 16% to EUR 65 million.
Financial highlights
Q2 2025 operating revenue was EUR 5.1 million (EUR 4.7 million in Q2 2024), with operating EBIT at EUR -2.6 million, impacted by low global salmon prices and operational disruptions.
Net loss for Q2 2025 was EUR -10.1 million, mainly due to unrealized exchange rate deviations and net financial expenses of EUR -6.6 million.
Net cash flow in Q2 2025 was positive at EUR 5.2 million, mainly from new debt and investments, with cash at period end of EUR 13.3 million.
Equity ratio at quarter end was 45% (Q2 2024: 58%), and net interest-bearing debt was EUR 27.1 million.
Earnings per share for Q2 2025 was EUR -0.48.
Outlook and guidance
Full year 2025 harvest guidance is 2,300 tonnes HOG, lowered due to growth impact from large fish transfers.
Stage 2 expansion is on track for first harvest in Q3 2026, doubling capacity to 8,000 tonnes; stage 3 construction could start late 2026/early 2027, with harvest in 2029.
Transformational financing package to accelerate execution towards 20,000 tonnes annual capacity.
Revised production strategy targets average harvest weight of 7.0 kg LW to secure high-end market position.
No new precise production guidance for next year, but current levels indicate 4,000–4,100 tonnes per stage.
Justify the 7.0 kg LW harvest weight target
What are the strategic benefits of new financing?
Explain Q2 production impact and recurrence
What strategic benefits from new Chinese investors?
Detail Stage 2 CapEx reduction drivers.
Strategy to maintain premium pricing in China?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Nordic Aqua Partners earnings date
Q3 202511 Nov, 2025
Next Nordic Aqua Partners earnings date
Q3 202511 Nov, 2025
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.
)
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
Related articles
)
Company Research22 Sep 2025
Moody's: Shaping Global Credit
Explore Moody's evolution from publishing manuals to becoming a giant in credit ratings, guiding issuers, investors, and regulators worldwide.
)
Edge19 Sep 2025
American Express: An Empire of Plastic
How history, brand, and structure have steadily built American Express' moat, and why Warren Buffett still calls it a one-of-a-kind business.
Frequently asked questions
Nordic Aqua Partners A/S is a Danish company specializing in sustainable aquaculture, primarily focused on land-based Atlantic salmon farming. Utilizing advanced Recirculating Aquaculture System (RAS) technology, the company operates a fully integrated salmon farm in Ningbo, China. This approach allows for efficient, local production of fresh salmon, reducing the need for long-distance imports and enhancing product freshness for the Chinese market. The company’s operations emphasize sustainability and technological innovation in fish farming. Nordic Aqua Partners is headquartered in Ribe, Denmark, and its shares are listed on the Oslo Stock Exchange.
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