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Nordic Halibut AS ( (DE:9K1) ) has issued an update.
Nordic Halibut AS reported a robust Q1 2025 performance, with a 16.5% growth in biological asset production and a 68% increase in harvested volumes compared to the previous year. The company secured NOK 286 million through a private placement to fund key investments and growth, finalized an investment decision on the Tingvoll facility, and entered a strategic agreement with Pure Norwegian Seafood AS to ensure harvest and processing capacity.
More about Nordic Halibut AS
Nordic Halibut AS is a prominent Atlantic halibut farming company based in Western Norway, with its headquarters in Averøy, Nordmøre. The company boasts a comprehensive value chain from genetics to sales and has achieved significant advancements in early phase production. It is executing a growth plan to increase production volumes, targeting 4,500 tonnes HOG by 2027 and 10,350 tonnes HOG by 2031, aiming to enhance shareholder value through organic growth.
Average Trading Volume: 6,307
Current Market Cap: NOK1.07B
See more data about 9K1 stock on TipRanks’ Stock Analysis page.