Atlantic Sapphire ASA (AASZF) Q2 2025 Earnings Call Prepared Remarks Transcript

Core Insights - The first half of 2025 has been the best year for Atlantic Sapphire, achieving high-quality fish harvests with an average weight of 2.9 kilos and a premium price of $8.7 per kilo [3] - The company expects to finish the year with a record harvest of 5,400 tons, with ambitions of reaching 7,000 tons in 2026 and 7,500 to 8,500 tons from 2027 onwards [4] - The focus has been on maximizing the efficiency of Phase 1 while minimizing efforts in Phase 2, with plans for flexible financing options to secure funding until breakeven is reached [5] Financial Performance - The company validated Phase 1 from both productive and commercial perspectives, indicating strong survival rates, feeding capacity, and consistent biomass gain [3] - The decisions made at the end of 2024 are starting to yield concrete results, contributing to the record harvest expectations [4] Strategic Focus - The company is prioritizing the efficiency of Phase 1 production while reducing focus on Phase 2 [5] - Once EBITDA positive with Phase 1, the company anticipates significant market opportunities due to its unique production capacity [5]