Grieg Seafood Reports Strategic Shift in Q1 2025

Grieg Seafood ASA ( (GRGSF) ) has released its Q1 earnings. Here is a breakdown of the information Grieg Seafood ASA presented to its investors.

Grieg Seafood ASA is a leading salmon farming company operating primarily in Norway and Canada, known for its focus on sustainable aquaculture practices. In its Q1 2025 earnings report, Grieg Seafood highlighted a strategic shift towards improving operational efficiency and financial stability. The company reported a harvest volume of 20,770 tonnes, slightly down from the previous year, with an operational EBIT of NOK 221 million, impacted by one-off costs related to organizational changes. Key regions like Rogaland and Finnmark showed promising biological performance, while operations in British Columbia and Newfoundland remained stable. The company successfully completed a NOK 2 billion hybrid bond placement, enhancing its financial flexibility. Looking forward, Grieg Seafood remains committed to its transformation program, aiming to strengthen its financial position and operational capabilities, with a target harvest volume of 84,000 tonnes for the full year 2025.