Slimmed-down Grieg unveils strong final quarter
A new-look Grieg Seafood produced an operational profit of NOK 142.9 million (£11m) during the final three months of 2025.
Grieg sold its Canadian and Finnmark Norway interests to Cermaq last year, staying on with Rogaland.
Grieg Seafood sold off its operations in Canada and Finnmar to concentrate on Rogaland.
The company described the Q4 performance from fish farming operations as being “positive”.
It harvested 7,372 tons in Rogaland, down from 8,074 tons in Q4 2024. It also achieved an EBIT, or profit, in that region of NOK 20.7 per kilo.
The report said it delivered a continued strong freshwater production in Rogaland, with average smolt size exceeding 1kg in 2025.
“We entered Q4 2025 close to maximum MAB capacity, following recovery from a challenging Q3, and exited the quarter with MAB utilisation of 98%,” Grieg added.
“We completed the divestment of our Canada and Finnmark operations, and applied the proceeds to repay a substantial portion of Grieg Seafood’s outstanding debt.”
Today Oslo Stock Exchange announced: “The Hybrid Bond has been temporarily reclassified as debt due to the bondholder put-option period and will revert to equity once this period ends.
“The board of directors have made a decision of principle to distribute NOK 4 billion. A formal decision will be made once interim balance sheet, per 31 January 2026, is finalised and audited.
“We expect call for extraordinary General Assembly to be sent at the end of March.“
Grieg also said it had entered into a NOK two billion (£155m) sustainability-linked multicurrency revolving credit facility agreement with Nordea and SEB during this year’s current quarter.
Grieg is planning to pay NOK 4 billion (£309m) or NOK 35 per share in dividends.
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