Nordic Aqua Q2 revenue up on bigger harvest, but soft prices keep operating EBIT negative

NORDIC AQUA PARTNERS AS

26/08/2026 06:10

Overview
Nordic land-based salmon farmer's Q2 2026 revenue rose yr/yr on higher harvest volume
Operating EBIT for Q2 remained negative, impacted by high global supply and softer prices
Company reached full run-rate for Stage 2, doubling annual production capacity to 8,000 tonnes

Outlook
Nordic Aqua expects Q3 2026 harvest volume of 1,400-1,600 tonnes HOG
Company sees full-year 2026 harvest volume at 5,500-6,000 tonnes HOG
Average harvest weight in Q3 2026 expected to be approx. 4.5 kg HOG and to gradually increase

Result Drivers
HARVEST VOLUME - Co said Q2 revenue growth was driven by higher harvest volume from Stage 2 ramp-up
OPERATIONAL PERFORMANCE - Co said good operational performance and fish health supported improved growth, higher harvest weights and lower production costs
PRICE PRESSURE - Co said operating EBIT was impacted by high global supply of Atlantic salmon and softening spot prices

Company press release: ID:nMFN5NQBVL

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 REVENUE
 
EUR 9.40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the fishing & farming peer group is "buy"
Wall Street's median 12-month price target for Nordic Aqua Partners AS is NOK113.50, about 37.7% above its August 25 closing price of NOK82.40

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)