Averøy, Norway, 5 March 2025
Nordic Halibut AS today publishes its interim quarterly report for Q4 2024. The interim report and financial statement for Q4 2024 were approved by the Board of Directors on 4 March 2025.
Q4 2024 Highlights
Biological asset production at sea of 443 tonnes representing a 21% growth rate compared to the outstanding biomass at the beginning of the quarter
Harvested 171 tonnes HOG with an average harvest weight of 6.3 kg
Average sales price of 183 NOK/kg HOG, representing a 12% increase YoY
Total revenue for the quarter ended at NOK 31.7 million (+24% YoY). EBITDA came in at NOK -6.3 million and net income ended at NOK -24.1 million for the period
Nordic Halibut is well positioned to achieve the production target of 4,500 tonnes head-on-gutted (HOG) in 2027 and 10,350 tonnes in 2031
Total revenue for FY 2024 amounted to NOK 90.6 million with an EBITDA of NOK -37.3 million. Total harvested volume for FY 2024 was 539 tonnes HOG
For more information, please see the attached report , webcast or contact:
CEO Edvard Henden edvard@nordichalibut.no +47 91 14 11 65 or CFO Are Strand are.strand@nordichalibut.no +47 91 53 92 32
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