Grieg Seafood 2Q revenue NOK1.01B

Grieg Seafood 2Q revenue NOK1.01B

Grieg Seafood ASA, one of the world's leading salmon farmers, has reported its Q2 2025 financial results. The company generated revenue of NOK 1.01 billion during the quarter, driven by strong performance in its continued operations and divestments.

The company's interim CEO, Nina Willumsen Grieg, and CFO, Magnus Johannesen, will present the results live today at 8:00 a.m. CEST at Hotel Continental, Stortingsgaten 24/26, Oslo. A live webcast can be accessed via www.investor.griegseafood.com or https://channel.royalcast.com/landingpage/hegnarmedia/20250826_5/ [1].

Key highlights from the Q2 2025 results include:
- Operational EBIT: The operational EBIT from continued operations was NOK 91 million, representing a significant improvement over the NOK 18 million reported in Q2 2024.
- Harvest Volume: The harvest volume for Q2 2025 was 8,850 tonnes, with a total harvest volume including discontinued operations at 21,798 tonnes.
- Divestments: Grieg Seafood has agreed to sell its Finnmark and Canadian operations to Cermaq Group for NOK 10.2 billion, a cash- and debt-free transaction [1].

The company's Q2 reporting will separate the financial performance of its continuing operations from the discontinued operations, reflecting a significant structural change [2]. This approach ensures a clearer picture of the company's financial health post-divestment.

Grieg Seafood's focus on sustainable farming practices and its commitment to minimizing environmental impact and ensuring the best possible fish welfare continue to drive its operations [1]. The company's headquarters will remain in Bergen, with farms located in Rogaland following the completion of the announced transaction on July 17, 2025.

The company's results presentation will provide further insights into its financial performance and strategic direction for the remainder of 2025.

References:
[1] https://www.tradingview.com/news/reuters.com,2025-08-26:newsml_MFN4sCXDG:0-grieg-seafood-asa-q2-2025-results/
[2] https://www.marketscreener.com/news/grieg-seafood-to-present-q2-results-in-accordance-with-ifrs-5-discontinued-operations-ce7c50dbdd81f02d