Leroy Seafood Group ASA (OSL:LSG)

Q4 2025 Leroy Seafood Group ASA Earnings Call Transcript

Feb 24, 2026 / 07:00 AM GMT

Release Date Price: kr50.5 (+5.12%)

Transcript

Key Points

Positve

Leroy Seafood Group ASA (LYSFF) achieved high profitability due to higher spot prices for salmon and trout.
The company reported better-than-expected cost development in farming operations.
Strong profitability in sales and distribution, surpassing the 2025 target of 0.25 billion.
Record growth rates and biomass production with low mortality in 2025, marking the best biological year.
The company achieved an operational EBIT of 1,290 million, the highest result ever in the sales and distribution segment.

Negative

The Scottish farm faced a challenging quarter with low harvest volume and biological challenges impacting costs and sales prices.
Harvest volumes in salmon and trout were 13% below the previous year due to high seawater temperatures and high seal pressure.
The wild catch segment experienced lower volumes due to significantly reduced quotas.
Operational EBIT was down 5% compared to the previous year, indicating challenges in fully realizing investment potential.
The company expects a cost increase in the first quarter of 2026 due to lower capacity utilization.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LSG.OL - Leroy Seafood Group ASA
Q4 2025 Leroy Seafood Group ASA Earnings Call
Feb 24, 2026 / 07:00AM GMT

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Presentation
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Hello and welcome to Le Reci Group's fourth quarter presentation for 2025. My name is Henning Belsta, CEO in Le Reciv Group, and with me today I have Schur Mal, CFO.

First of all, I will take you through the highlights in the quarter. Then X Malm will take you through the key financial highlights, and then I will come back and, talk a little bit about the outlook going forward.

Our goal is to create the world's most efficient and sustainable value chain for seafood.

We are a fully integrated company both in redfish and in whitefish and are a total supplier of seafood.

Our fully integrated value chain is our competitive advantage. Our customers are seeking sustainability and health, quality

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