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Atlantic Sapphire ( (AASZF) ) has issued an announcement.
Atlantic Sapphire reported a significant improvement in its financial performance for the first half of 2025, with revenue nearly doubling compared to the previous year. The company has revised its business plan to improve capital efficiency and reduce risks, with the expectation of achieving positive EBITDA by late 2026. The company plans to raise a new convertible loan to fund its operations through to breakeven and has received strong support from existing shareholders. This financial restructuring is aimed at unlocking the potential for a high-margin Phase 2 expansion.
More about Atlantic Sapphire
Atlantic Sapphire operates in the aquaculture industry, focusing on land-based salmon farming. The company is known for its premium Bluehouse™ product and aims to optimize its operations to achieve high-margin growth and sustainability.
YTD Price Performance: -47.86%
Average Trading Volume: 115,548
Current Market Cap: NOK340.6M
See more data about AASZF stock on TipRanks’ Stock Analysis page.