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Grieg Seafood ASA (GRGSF)
OTHER OTC:GRGSF
Earnings Data
Report Date
Aug 26, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
>-0.01Last Year’s EPS
-0.18Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 27, 2025
|% Change Since: -9.53%
|Next Earnings Date:Aug 26, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant operational improvements and financial restructuring efforts, particularly in Norway, but also revealed ongoing challenges in Canada and financial instability requiring urgent attention.Company Guidance
During the first quarter presentation for fiscal year 2025, Grieg Seafood reported an EBIT of NOK220 million, equating to NOK10.6 per kilo, with significant contributions from Rogaland. Despite facing lower-than-expected spot prices, operational improvements were evident, as farming costs for the group improved by NOK3.4 per kilo compared to Q4, aided by stronger biological performance. Rogaland reported an operational EBIT of NOK260 million, surpassing guidance with a 900-tonne increase in harvest volume. Finnmark also showed promising outcomes, exceeding guidance with a 500-tonne increase in harvest volumes and achieving an operational EBIT of NOK110 million. In Canada, challenges persisted with a quarterly loss of NOK28 million. The company has taken steps to enhance financial robustness, including a NOK2 billion hybrid bond placement and sale-leaseback initiatives, alongside reducing committed CapEx by over NOK600 million. Grieg Seafood projects a total harvest of 84,000 tonnes for the year, maintaining a strategic focus on Norwegian assets and cost control amidst a transition from growth to profitability.Operational Efficiency in Norway
Rogaland exceeded guidance by 900 tonnes due to favorable growth and low mortality. Operational EBIT was NOK260 million with a NOK8 improvement in cost.
Financial Transformation Success
Successfully placed a NOK2 billion hybrid bond and launched a sale-leaseback for the post-smolt facility in Finnmark, strengthening financial flexibility.
Strong Performance in Finnmark
Harvest volumes up by 500 tonnes above guidance, operational EBIT of NOK110 million, and a 25% increase in expected harvest for the year.
Improvement in Biological Performance
Superior quality fish in Rogaland increased from 57% to 83%. In Finnmark, superior grade fish increased from 47% to 64%.
GRGSF Earnings History
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 |
|---|---|---|---|
May 27, 2025 | $7.45 | $6.86 | -7.92% |
Feb 20, 2025 | $5.90 | $5.90 | 0.00% |
Nov 27, 2024 | $5.14 | $5.36 | +4.28% |
Aug 21, 2024 | $5.76 | $5.00 | -13.19% |
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 Aug 26, 2025, TBA Not Confirmed.
What is Grieg Seafood ASA (GRGSF) earnings time?
Grieg Seafood ASA (GRGSF) earnings time is at Aug 26, 2025, TBA Not 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 (Q2) is >-0.01.