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Grieg Seafood ASA 2025 Q3 - Results - Earnings Call Presentation (OTCMKTS:GRGSF) 2025-11-17
Seeking Alpha· 2025-11-17 23:01
Group 1 - The article does not provide any relevant content regarding the company or industry [1]
Iceland Seafood International hf: Q1 2025 Uppgjör og fjárfestakynning
Globenewswire· 2025-11-13 16:09
Core Viewpoint - The company has demonstrated a significant operational turnaround in the first nine months of 2025 compared to the same period in 2024, with positive financial results and a strong outlook for the future [7][14]. Financial Performance - Total sales for the group in Q3 amounted to 16.4 billion ISK (€113.7 million), reflecting an 11% increase compared to the previous year [2]. - Profit from regular operations before tax reached 590 million ISK (€4.1 million) for the first nine months of 2025, an increase of 230 million ISK (€1.6 million) from the same period in 2024 [14]. - Revenue for the first nine months of 2025 was 50.1 billion ISK (€347.6 million), marking an 11% increase or 4.8 billion ISK (€33.6 million) from the same period in 2024 [14]. - EBITDA for the first nine months of 2025 increased by 55% to 2.0 billion ISK (€14.0 million) from 1.3 billion ISK (€9.0 million) in 2024 [14]. Regional Performance - Revenue from operations in Southern Europe for Q3 was 6.1 billion ISK (€42.6 million), a 10% decrease compared to the same period in 2024 [3]. - Northern Europe operations saw revenues of 2 billion ISK (€14.0 million) in Q3, a 5% increase from the previous year [4]. Market Conditions - The year has been characterized by high demand and prices for cod, influenced by the U.S. ban on Russian fish imports and decreasing quotas in the Barents Sea and Atlantic [8]. - The price of salmon was lower than anticipated, positively impacting operational results in the salmon sector compared to previous years [8]. Future Outlook - The company maintains its earnings forecast for 2025, projecting a profit before tax from regular operations in the range of 1.1 to 1.4 billion ISK (€7.5 million - €9.5 million) [6][14]. - The company plans to continue focusing on improving operations and exploring new opportunities, including recent acquisitions in Argentina to enhance shrimp operations [10][11].
Blue Star Foods Returns to Growth with 78% Increase in Revenue and 84% Reduction in Net Loss for its Q3 2025
Globenewswire· 2025-11-13 14:15
Core Insights - Blue Star Foods Corp. reported a significant increase in revenue and gross margins, achieving a record high gross margin of 92.5% [3][7] - The company has successfully reduced operating losses and improved its financial performance through strategic initiatives and inventory management [3][7] Financial Performance - Revenues increased by 78% to $462,260, driven by higher inventory sales and pricing [7] - Gross profit rose to $427,816, reflecting the record gross margin [7] - Operating loss decreased by 84% to $412,788, which includes $128,273 of non-cash expenses [7] - Adjusted EBITDA loss improved to $284,515 [7] - Net loss decreased by 84% to $480,965, also including $160,850 of non-cash expenses [7] Strategic Initiatives - The company is focusing on right-sizing operations to enhance efficiency and drive revenue growth [3] - New partnerships and product relaunch initiatives are expected to further boost revenue [3]
Austevoll Seafood ASA (ASTVF) Q3 2025 Earnings Call Prepared Remarks Transcript
Seeking Alpha· 2025-11-12 17:31
Core Insights - The company reported a weaker performance across all segments in the third quarter, primarily due to biological challenges in Leroy caused by high sea temperatures and increased sea lice pressure, along with significantly lower salmon spot prices [2] - The pelagic activity also faced margin pressure, particularly in fish and marine oil products, impacting results in both South America and the North Atlantic [2] Financial Performance - Revenue for the third quarter was just over NOK 10 billion, with an EBITDA of NOK 652 million and an EBIT of NOK 73 million [3] - Including 50% of the EBITDA from Pelagia, the total EBITDA amounts to just under NOK 800 million [3] Market Insights - The presentation will provide insights into the different markets the company operates in, although specific details were not disclosed in the provided excerpts [1]
India approves $5.1 billion package for exporters after US tariffs hit
Yahoo Finance· 2025-11-12 15:54
Core Points - India's cabinet has approved a spending plan of 450.6 billion rupees ($5.1 billion) to support exporters, which includes 200 billion rupees in credit guarantees for bank loans [1] - The plan allocates 250.6 billion rupees over six years for affordable trade finance aimed at small exporters, logistics, and market support to mitigate the impact of recent U.S. tariff hikes [2] - Labour-intensive sectors such as textiles, jewellery, and seafood have been significantly affected, with margins as low as 3%-5%, leading to job losses in key industrial regions [3] Financial Support Details - The credit guarantee program will run until March 2026, providing collateral-free bank loans to exporters to enhance competitiveness and explore new markets [3] - Credit guarantees will be available for loans up to 500 million rupees [3] Export Market Impact - Nearly 55% of India's exports to the U.S., valued at approximately $48 billion, are at a cost disadvantage compared to competitors from Vietnam, China, and Bangladesh [4] - India's merchandise exports to the U.S. fell nearly 12% year-on-year to $5.43 billion in September, following the implementation of 50% tariffs [5]
X @Bloomberg
Bloomberg· 2025-11-12 08:30
Trade Relations - The US has flagged Indonesian footwear exports for radiation [1] Export Concerns - Indonesian shrimp and cloves are already on the US list of flagged exports [1]
X @Nick Szabo
Nick Szabo· 2025-11-06 04:50
RT Chef Andrew Gruel (@ChefGruel)The same problem we’re seeing with flooding the market with foreign beef already happened in seafood.Over 80% of America’s seafood is imported, not because we can’t fish, but because our industry’s been strangled by regulation while other nations dump junk here under shady labels, sketchy labor, and zero oversight.Then we’re told: “We can’t supply Americans with enough U.S. seafood.” That’s nonsense. We have some of the most sustainable fisheries on the planet.We just need t ...
Lerøy Seafood Group ASA: Invitation to presentation of results for Q3 2025
Globenewswire· 2025-11-05 05:30
Core Points - Lerøy Seafood Group ASA will present its Q3 2025 results on 12 November 2025 at 08:00 CET in Oslo [1] - The presentation will be conducted in Norwegian and will include a Q&A session [1] - A live broadcast of the presentation will be available for those who wish to submit questions online [1] - The quarterly report and presentation will be published at 06:30 CET on the same day [1] - An English recording of the presentation will be accessible from 12:00 CET on the company's investor website [2] - This information complies with the disclosure requirements of the Norwegian Securities Trading Act [2]
Mitsubishi pulls offer to raise Thai Union stake
Yahoo Finance· 2025-09-29 13:00
Core Viewpoint - The bid by Mitsubishi Corp. to increase its stake in Thai Union Group to 20% has been unsuccessful due to insufficient shareholder participation during the offer period [1][2]. Group 1: Offer Details - Mitsubishi aimed to acquire an additional 13.81% of Thai Union's shares, increasing its stake from 6.19% to 20% [3]. - The offer required at least 532.2 million shares to be tendered, which represents 11.95% of Thai Union's total issued shares [4]. - The offer was valued at Bt6.65 billion ($205 million) [4]. Group 2: Shareholder Response - The number of shares tendered did not meet the required threshold, leading to the automatic cancellation of the offer [2][5]. - Shareholders who tendered their shares will have them returned according to the procedures outlined in the offer document [4]. Group 3: Current Stake and Future Plans - Mitsubishi's stake in Thai Union remains at 238.7 million shares, which is 5.36% of total issued shares or 6.19% excluding treasury shares [5]. - Thai Union stated that the lapse of the offer will not impact its business plans or operations, and the collaboration between the two companies will continue [5][6]. - Mitsubishi remains committed to exploring growth opportunities and further collaboration through its existing shareholding [6].
Mowi’s additional stake in Nova Sea attracts EU scrutiny
Yahoo Finance· 2025-09-23 13:47
Group 1 - Mowi's acquisition of a majority share in Nova Sea is under scrutiny by the European Commission, with the company aiming to increase its stake to 95% [1][2] - The European Commission is inviting comments from interested parties regarding the transaction, which could fall under the Merger Regulation [2] - Mowi plans to acquire Vigner Olaisen's 46% stake in Nova Sea for Nkr7.4 billion ($748 million), with 30% of the payment in Mowi shares and 70% in cash, valuing Nova Sea at Nkr16 billion [3][4] Group 2 - Mowi's business activities encompass the full value chain for Norwegian Farmed Atlantic Salmon, while Nova Sea is focused on farming and primary processing [4] - Mowi intends to extend a voluntary cash offer of Nkr800 million to shareholders owning the remaining 5% of Nova Sea [4] - Nova Sea is projected to harvest 52,000 tonnes of salmon in 2025, and combined with Mowi, they are expected to harvest 157,000 tonnes in northern Norway, contributing to a total of 367,000 tonnes in Norway and 572,000 tonnes globally [6] Group 3 - Mowi anticipates annual synergies of approximately Nkr400 million from the integration, driven by improved capacity utilization and targeted investments to enhance fish health [6] - Mowi CEO Ivan Vindheim highlighted Nova Sea's strong biological performance and industry-leading margins, emphasizing the significance of the acquisition after 30 years of collaboration [5] - Aino Olaisen, the chairman of Nova Sea's board, is proposed to join Mowi's board following the acquisition [5]