Grieg Seafood reported positive results from its farming operations in the fourth quarter of 2025, despite what it described as challenging seawater conditions.
The company harvested 7,372 tonnes in the quarter, down from 8,074 tonnes in the same period last year.
In Rogaland, Grieg Seafood achieved an EBIT per kilo of NOK 20.7 and reported continued strong freshwater production. Average smolt size in the region exceeded 1 kilogram during 2025. The company said it entered the fourth quarter close to its maximum allowed biomass (MAB) capacity following recovery from a difficult third quarter, and exited the period with MAB utilisation of 98 percent.
During the quarter, Grieg Seafood completed the divestment of its operations in Canada and Finnmark. Proceeds from the transactions were applied to repay a substantial portion of the group’s outstanding debt.
The company also confirmed that its hybrid bond has been temporarily reclassified as debt due to a bondholder put-option period. The bond will revert to equity once this period ends.
Grieg Seafood’s board has made a decision in principle to distribute NOK 4 billion. A formal decision will be taken once an interim balance sheet as of 31 January 2026 has been finalised and audited. The company expects to call an extraordinary general meeting by the end of March.
In the first quarter of 2026, Grieg Seafood entered into a NOK 2 billion sustainability-linked multicurrency revolving credit facility agreement with Nordea and SEB.
Chief executive Nina Willumsen Grieg and chief financial officer Magnus Johannesen are presenting the results today in Oslo, with a live webcast available via the company’s investor website.
Grieg Seafood’s farming operations are located in Rogaland, Norway, with its headquarters in Bergen. The company has been listed on the Oslo Stock Exchange since 2007.