P/F Bakkafrost (OTCPK:BKFKF) Q2 2025 Earnings Convention Name August 26, 2025 2:00 AM ET
Firm Contributors
Hogni Dahl Jakobsen – Chief Monetary Officer
Johan Regin Jacobsen – Chief Government Officer
Convention Name Contributors
Christian Olsen Nordby – Arctic Securities AS, Analysis Division
Hogni Dahl Jakobsen
[Audio Gap] a revenue warning on fifteenth of July, and that is in keeping with what we’re presenting in the present day. So within the second quarter, we had revenues for DKK 1.6 billion and an operational EBIT of DKK 65 million. The Faroese harvest within the quarter was 16,000 tonnes, 5,800 tonnes up from the identical quarter final 12 months. In Scotland, we harvested 7,000 tonnes, which was 4,300 tonnes decrease than the identical quarter final 12 months. At our FOF division, feed gross sales elevated by 14% within the quarter to 37,500 tonnes. We offered 5,000 tonnes of fish oil. Fishmeal was additionally decrease than in the identical quarter final 12 months, 9,000 tonnes on this quarter. Sourcing on this quarter was very sturdy, 160,000 tonnes of marine uncooked materials had been sourced on this quarter in comparison with 90,600 tonnes final 12 months.
Money movement from operations had been detrimental with DKK 204 million, and all segments had constructive EBIT apart from the Scottish freshwater and Farming segments. We additionally paid out dividends within the quarter amounting to DKK 501 million, comparable to DKK 8.44 per share that was paid out in Could.
So shifting on to markets and gross sales. The market has been negatively impacted on the value facet on this quarter. The common value for 4 to 5-kilo salmon was NOK 74.64 per kilo, which is a 33% discount in comparison with final 12 months and a 20% discount in comparison with earlier quarter. There was a downward development all through the entire quarter and in addition persevering with into the third quarter. The big enhance in provide, particularly from Norway, but additionally from
