Nordic Halibut reports strong Q3 2025 with increased sales, volume growth

Nordic Halibut AS (NOHAL) has reported continued high sales prices and strong operational performance in Q3 2025. The company achieved an average sales price of NOK 170 per kilo HOG, a 4.3% year-over-year increase, fueled by sustained strong demand and customer willingness to pay for premium-quality farmed halibut. Sales revenue for the quarter reached NOK 24.1 million, based on a total sales volume of 142 tonnes HOG, representing a 32% increase in volume compared to Q3 2024.

The company also noted increased average harvest weights, reaching 5.2 kg HOG, up from 4.8 kg in Q3 2024. Biomass continued its strong performance with a net growth of 16% in Q3 compared to the previous quarter, and total sea-based production, including harvested biomass, saw a 22% growth in biomass.

Progress on the Tingvoll facility remains on track, with the facility expected to be fully operational by 2027. This expansion is crucial for the company's scale-up strategy, aiming for an annual production of 10,350 tonnes by 2031, with an interim target of 4,500 tonnes HOG by 2027.