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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
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Nordic Halibut
Nordic Halibut (NOHAL) investor relations material
Nordic Halibut 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
Achieved 18.8% biomass production growth from the previous quarter, with harvest volumes of 201 tonnes HOG, down from 268 tonnes in Q2 2025.
Strategic acquisitions of Pure Norwegian Seafood, Gulbygget, and Thule Marine secured full control of harvesting, processing, and expanded production capacity.
Construction of the Torjulvågen facility is on schedule, with first fish introduced in July 2026 and full operations expected in Q1 2027.
Financial highlights
Total revenue for Q2 2026 was NOK 53.7 million, including a NOK 23.6 million gain on bargain purchase from acquisitions.
Revenue from sale of goods was NOK 30 million, slightly down from NOK 31.8 million in Q2 2025.
Group EBITDA was NOK 22.8 million (positive), but underlying EBITDA excluding non-recurring items was negative NOK 0.7 million.
Positive fair value adjustment of biological assets of NOK 48 million recognized.
Loss before tax was NOK 17 million; excluding the gain on bargain purchase, loss before tax was NOK 40.6 million.
Outlook and guidance
Growth strategy focuses on producing larger halibut to capture premium pricing, with run-rate production volumes expected in Q3 2026 and run-rate harvest volumes during 2027.
Estimated harvest volumes for 2026 are approximately 1,500 tonnes HOG.
Demand and pricing expected to rise towards year-end after seasonal summer decline.
Expansion of value-added product lines and market reach continues.
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Latest events from Nordic Halibut
- Revenue up, harvest volumes higher, but profitability pressured by investments and costs.NOHAL
Q1 2026 - Revenue and EBITDA surged in Q4 2025, with growth plans and facility expansion on schedule.NOHALQ4 2025
- Revenue up 38% and EBITDA positive as growth strategy and premium positioning drive results.NOHALQ3 2025
- Revenue surged 68% YoY as harvests doubled, but losses widened amid growth investments.NOHALQ2 2025
- Biomass and prices rose, but losses deepened as Nordic Halibut invests for future growth.NOHALQ3 2024
- Revenue down, losses widened, but long-term growth targets and expansion plans remain on track.NOHALQ2 2024
- Revenue up 24% YoY, premium pricing, and strong liquidity underpin growth strategy.NOHALQ4 2024
- Record Q1 results, robust growth, and strategic investments drive future expansion.NOHALQ1 2025
Next Nordic Halibut earnings date
Q3 202619 Nov, 2026
Nordic Halibut
Next Nordic Halibut earnings date
Q3 202619 Nov, 2026
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Frequently asked questions
Nordic Halibut AS is a Norwegian company specializing in the production and sale of farmed Atlantic halibut. The company offers both fresh and frozen halibut products, catering to markets worldwide. It operates with a fully integrated value chain, managing every stage from genetics to sales. Nordic Halibut prioritizes sustainability in its production methods, minimizing environmental impact while focusing on high-quality, protein-rich products. The company holds licenses to produce up to 4,500 tonnes of Atlantic halibut annually, ensuring a year-round supply. The company is headquartered in Averøy, Norway, and its shares are listed on the Oslo Stock Exchange.