Nordic Aqua Partners AS (OSL:NOAP)
kr 79 +0.60 (+0.77%) Market Cap: 1.68 Bil Enterprise Value: 2.59 Bil PE Ratio: 0 PB Ratio: 1.61 GF Score: 25/100

Q3 2025 Nordic Aqua Partners AS Earnings Call Transcript

Nov 11, 2025 / 07:30 AM GMT
Release Date Price: kr89.4 (+3.00%)

Key Points

Positve
  • Nordic Aqua Partners AS (FRA:22L) announced a new finance package, which is a significant positive development for the company.
  • The company successfully reduced CapEx for stage two from €77 million to €65 million, a 16% reduction.
  • The company achieved a 9% premium over the spot price out of Norway despite lower overall market prices.
  • Nordic Aqua Partners AS received a quality salmon producer award at the China Salmon Industry Development Summit.
  • The company launched a 'raised without any antibiotics' certification, the first in China for Atlantic salmon, enhancing its market appeal.
Negative
  • Sales prices were lower due to smaller fish sizes and harvesting during a low-price month.
  • The company reported a negative operating EBIT of €4.8 million and a profit loss of €2.5 million for the period.
  • The cost related to released volumes was high at €9.45 per kilo due to slow growth earlier in the year.
  • The company experienced a negative cash flow of €8.9 million for the quarter.
  • There is uncertainty regarding the exact CapEx for stage 3, with expectations that it might be lower than the previously estimated €170 million.


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

NOAP.OL - Nordic Aqua Partners AS
Q3 2025 Nordic Aqua Partners AS Earnings Call
Nov 11, 2025 / 07:30AM GMT

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Presentation
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Unidentified_1 [1]
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Hello, good morning everyone. Welcome to Nordic Ava's presentation of Q3.

Today to present, we have with us and Andrea Torre from China and our CFO Tom.

If we go through, to the agenda for today, I will start with some highlights and then, Andreas will take us through, market.

I'll come back with operations and project. CFO Tom will take us through financials, and I will end with a summary and give some outlooks.

So if we start going to the highlights, we could say the highlight of of the Q3 was that we announced a finance package for our company, so that was very positive to be able to come with this. And of course, also, as you can see the front page picture and also this picture, we can
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