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Nordic Halibut (NOHAL) investor relations material
Nordic Halibut Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 saw a 15.4% growth in biomass at sea and a 112% increase in harvested volume year-over-year, reaching 266 tonnes HOG.
Revenue rose to NOK 32 million, up from NOK 19 million in Q2 2024, driven by higher volumes and improved prices.
The Torjulvågen facility project advanced as planned, supporting long-term production targets.
Strategic integration of the value chain and preparations for value-added production were initiated.
Financial highlights
Revenue for Q2 2025 was NOK 32 million, an increase from NOK 19 million in Q2 2024.
EBITDA was negative NOK -27 million, impacted by fair value adjustments and increased operating expenses.
Net loss for the period was NOK -40.9 million, compared to NOK -23.6 million in Q2 2024.
Total capital as of June 30, 2025, was NOK 846 million, with an equity ratio of 77%.
Outlook and guidance
The company aims to double annual harvest volumes each year until 2027, targeting 4,500 tonnes in 2027 and 10,350 tonnes by 2031.
Focus remains on producing larger-sized halibut to capture premium pricing and improve profitability.
U.S. tariffs may impact exports, but premium segment demand is expected to remain resilient.
Fish stocking target for 2025 is 900,000, with infrastructure expansion underway.
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