Austevoll Seafood ASA: Q3 2025 revenue up, but EBITDA and EBIT fall

Austevoll Seafood ASA reported MNOK 10,037 in revenue for Q3 2025, an 8% increase from MNOK 9,296 in Q3 2024. However, adjusted EBITDA dropped by 45% to MNOK 652 (Q3 2024: MNOK 1,192), and adjusted EBIT fell to MNOK 79 (Q3 2024: MNOK 686). This decline is attributed to lower salmon spot prices despite higher slaughter volumes, elevated lice pressure in salmon farming, and higher catch costs with lower plant utilization in Peru's pelagic operations.

The company's net profit after tax for Q3 2025 was MNOK 529, a substantial increase from MNOK 168 in Q3 2024, bolstered by a positive fair value adjustment related to biological assets of MNOK 947. Looking ahead, the company anticipates challenging quota situations for whitefish in 2026, with cod down 21% and mackerel down 70% in North Atlantic pelagic quotas. However, contract shares for salmon are expected to positively impact farming and VAP operations, with lower costs projected for 2026.