Norway's Nordic Halibut posts Q2 loss as harvest volumes drop, prices stagnate

Nordic Halibut AS

27/08/2026 07:14

Overview
Norway halibut farmer's Q2 revenue fell yr/yr, harvest volumes declined compared to Q2 2025
Underlying EBITDA for Q2 was negative, company reported net loss for the period
Company completed strategic acquisitions to secure harvesting, processing and production capacity

Outlook
Company did not provide specific guidance for the current quarter or full year

Result Drivers
LOWER HARVEST VOLUME - Q2 harvest volume fell to 201 tonnes HOG from 268 tonnes HOG in Q2 2025, contributing to lower revenue
STABLE SALES PRICE - Average sales price remained at 170 NOK/kg fresh HOG, unchanged from Q2 2025
STRATEGIC ACQUISITIONS - Co completed acquisitions to secure harvesting, processing and production capacity for future growth

Company press release: ID:nObi5JpBVa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 ADJ-EBITDA
 
-NOK 700,000
 
Q2 Revenue
 
NOK 30 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 19.9% above its August 26 closing price of NOK29.20

Reuters Recommended Reads
Aug 26 - Nordic Aqua Q2 revenue up on bigger harvest, but soft prices keep operating EBIT negative
Aug 25 - Salmon farmer SalMar Q2 operational EBIT misses despite record harvest volume, raises FY volume guidance
Aug 27 - Norway's Arctic Bioscience H1 adjusted EBITDA loss narrows on America's boost; expects growth in 2026

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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.)