The earnings call presented a mixed picture with significant achievements in regulatory clearance and cost reductions, but also highlighted serious challenges such as high farming costs and negative operational EBIT. The strategic focus on operational excellence and restructuring is promising, but current financial metrics indicate areas needing attention.

Company Guidance

In the third quarter of 2025, Grieg Seafood reported significant operational and financial updates, including a harvest volume of nearly 7,000 tonnes for continued operations. Due to lower market prices and increased costs, the operational EBIT for farming activities was NOK 3.2 per kilo, with the group recording close to zero. The company maintained its annual guidance of 30,000 tonnes by ensuring optimal Maximum Allowable Biomass (MAB) into Q4. Notably, Grieg Seafood achieved an operational EBIT of NOK 21.7 million in Rogaland, despite high farming costs of NOK 70.4 per kilo, attributed to harvesting smaller fish and general biomass write-downs. They forecast a decrease in costs for Q4, though still above the long-term target of NOK 60 per kilo. The company has also reduced 55% of its staff across sales and shared services to cut costs, while planning a NOK 4 billion dividend distribution post-annual accounts. Additionally, Grieg Seafood's new facility at Gardermoen is expected to ramp up towards a 10,000-tonne capacity next year, enhancing their processing capabilities. The company is focusing on strengthening operations in Rogaland and enhancing profitability, with a strategic emphasis on post-smolt development and MAB optimization.

Regulatory Clearance Achieved

Grieg Seafood received full regulatory clearance for operations in the U.S. and Norway, with progress in Canada expected to complete in Q4.

Cost Reductions and Restructuring

Significant cost reductions were achieved, including a reduction of 55% in staff across sales and shared services, and postponement of NOK 110 million in 2025 CapEx.

Strong Freshwater Results

Freshwater facilities, including joint ventures, delivered solid production despite challenges at sea.

Operational Excellence Strategy

A new operating model was defined, focusing on operational capabilities centered in Rogaland, aiming for profitability over growth.

Strong Contract Position

Grieg Seafood maintained a very high share of contracts, which helped offset lower market prices and volumes.

Value-added Processing Expansion

A new facility at Gardermoen is expected to ramp up to a 10,000-tonne capacity, with production starting in early January.

Grieg Seafood ASA (GRGSF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GRGSF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 12, 2026	2025 (Q4)	>-0.01 / -	-0.401	―	―	―
Nov 13, 2025	2025 (Q3)	-0.05 / -0.04	-0.249	82.54% (+0.21)
Aug 26, 2025	2025 (Q2)	-0.03 / -0.02	-0.174	86.36% (+0.15)
May 27, 2025	2025 (Q1)	0.07 / 0.04	0.118	-63.57% (-0.07)
Feb 20, 2025	2024 (Q4)	-0.09 / -0.40	-0.168	-139.12% (-0.23)
Nov 27, 2024	2024 (Q3)	-0.19 / -0.25	-0.014	-1700.00% (-0.23)
Aug 21, 2024	2024 (Q2)	0.05 / -0.17	0.304	-157.24% (-0.48)
May 16, 2024	2024 (Q1)	0.10 / 0.12	0.267	-55.78% (-0.15)
Feb 22, 2024	2023 (Q4)	-0.05 / -0.17	0.051	-426.92% (-0.22)
Nov 14, 2023	2023 (Q3)	-0.04 / -0.01	0.081	-117.07% (-0.09)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GRGSF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 13, 2025	$6.32	$6.32	0.00%
Aug 26, 2025	$6.32	$6.32	0.00%
May 27, 2025	$7.45	$6.86	-7.92%
Feb 20, 2025	$5.90	$5.90	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Grieg Seafood ASA (GRGSF) report earnings?

Grieg Seafood ASA (GRGSF) is schdueled to report earning on Feb 12, 2026, Before Open (Confirmed).

What is Grieg Seafood ASA (GRGSF) earnings time?

Grieg Seafood ASA (GRGSF) earnings time is at Feb 12, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is GRGSF EPS forecast?

GRGSF EPS forecast for the fiscal quarter 2025 (Q4) is >-0.01.

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