Nordic Halibut Q3 revenue rises on higher sales volumes

Nordic Halibut AS

08/10/2026 07:10

Overview
Norway Atlantic halibut farmer's Q3 revenue rose yr/yr, driven by higher sales volumes
Average sales price remained stable compared to Q3 2025
Company reported strong biomass growth during the quarter

Outlook
Company targets annual production of 10,350 tonnes by 2031
Torjulvågen facility expected to be fully operational by 2027

Result Drivers
HIGHER SALES VOLUME - Co attributed revenue growth to increased harvest and sales volumes
STABLE PRICING - Co said average sales price remained stable yr/yr
BIOMASS GROWTH - Co reported strong biomass growth during the quarter

Company press release: ID:nObi5ZCBDa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
NOK 37.50 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the fishing & farming peer group is "buy"
Wall Street's median 12-month price target for Nordic Halibut AS is NOK35.00, about 22.4% above its October 7 closing price of NOK28.60

Reuters Recommended Reads
Oct 6 - Norway's biggest bank DNB to lay off around 400 staff amid AI-driven changes
Oct 7 - Equinor says trading profit will top guidance in third quarter

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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.)