Core Insights - The company reported record-high full year harvest volumes of 559 thousand tonnes in 2025, representing an 11.4% increase from 502 thousand tonnes in 2024 [1]. Harvest Volumes - Harvest volumes for Q4 2025 were as follows: - Farming Norway: 98.0 thousand tonnes (FY: 332 thousand tonnes) - Farming Scotland: 12.5 thousand tonnes (FY: 72 thousand tonnes) - Farming Chile: 26.5 thousand tonnes (FY: 78 thousand tonnes) - Farming Canada: 6.5 thousand tonnes (FY: 37 thousand tonnes) - Farming Ireland: 1.0 thousand tonnes (FY: 11 thousand tonnes) - Farming Faroes: 3.5 thousand tonnes (FY: 15 thousand tonnes) - Farming Iceland (Arctic Fish): 4.0 thousand tonnes (FY: 15 thousand tonnes) - Total: 152.0 thousand tonnes (FY: 559 thousand tonnes) [1]. Financial Performance - Operational EBIT for the Group in Q4 2025 was approximately EUR 213 million (NOK 2.5 billion) [4]. - The blended farming cost was EUR 5.36 per kg in Q4 2025, down by 5.8% from Q4 2024 [4]. - Total Q4 Operational EBIT per kg by region was: - Norway: EUR 2.00 - Scotland: EUR 1.40 - Chile: EUR 0.35 - Canada: EUR (2.30) - Faroes: EUR 1.65 - Iceland: EUR 0.10 [4]. - Operational EBIT in Consumer Products was EUR 46 million, and Operational EBITDA in Feed was EUR 20 million in Q4 2025 [4]. - Reported financial net interest-bearing debt (NIBD) for the group was approximately EUR 2,650 million at the end of the quarter [4].