Q4 2025 P/F Bakkafrost Earnings Call Transcript
Key Points
- Bakkafrost P/F (BKFKF) reported a significant increase in revenues, reaching 1.8 billion, with an operational EBIT of 295 million.
- Harvest volumes in the Faroe Islands increased by 40% to 23,300 tons, and in Scotland by 19% to 4,600 tons.
- The company achieved a positive cash flow from operations of 447 million, a substantial increase from the previous year.
- Bakkafrost P/F (BKFKF) has been recognized for its sustainability efforts, achieving A-list status with the CDP and being ranked among the top 100 most sustainable companies globally.
- The company plans to invest 5 billion over the next five years to increase operations to 162,000 tons by 2030, indicating a strong growth trajectory.
- The Scottish farming and freshwater segment reported a negative EBIT, indicating operational challenges in that region.
- The company faced a negative profit after tax of 591 million, despite increased revenues.
- Margins in Scotland were negative, with a margin of -21.11 Danish kroner per kilo, highlighting profitability issues in that region.
- There is an expectation of continued extraordinary mortality in Scotland due to weaker biology in some batches of larger fish.
- Lower external sales of fishmeal and oil are expected to negatively impact margins in the future.
/-
2025 webcasted here from Oslo. My name is Hagney Jacobsson, CFO of Baker Frost.
First, I will ask you to pay attention to our disclaimer regarding forward-looking statements, which is included in the published presentation.
This morning we will follow the usual agenda, starting with a summary of the quarter before we move into markets and sales, financials, operations and outlook, and there are a number of appendices also included in the presentation.
So, in the fourth quarter, Baker Frost had revenues in excess of 1.8 billion.
And an operational EBIT of 295 million.
Harvest in the Faroes increased 40% to 23,300 tons, approximately.
And in Scotland, we increased harvest with 19% to 4,600 tons.
Our fo division, fish meal feed and oil in the Faroes.
Increased the sale of fish meal, sorry, fish feed with 22% to around 47,000 tons.
And fishmeal sales were up with 51% to around 2,400 tons.
Sourcing of marine raw material
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
