P/F Bakkafrost (BKFKF) Q2 2025 Earnings Call Transcript

2025-08-26 21:21:38 ET

P/F Bakkafrost (BKFKF)

Q2 2025 Earnings Conference Call

August 26, 2025, 02:00 AM ET

Company Participants

Hogni Dahl Jakobsen - Chief Financial Officer

Johan Regin Jacobsen - Chief Executive Officer

Conference Call Participants

Christian Olsen Nordby - Arctic Securities AS, Research Division

Presentation

Hogni Dahl Jakobsen

[Audio Gap] a profit warning on 15th of July, and this is in line with what we are presenting today. So in the second quarter, we had revenues for DKK 1.6 billion and an operational EBIT of DKK 65 million. The Faroese harvest in the quarter was 16,000 tonnes, 5,800 tonnes up from the same quarter last year. In Scotland, we harvested 7,000 tonnes, which was 4,300 tonnes lower than the same quarter last year. At our FOF division, feed sales increased by 14% in the quarter to 37,500 tonnes. We sold 5,000 tonnes of fish oil. Fishmeal was also lower than in the same quarter last year, 9,000 tonnes in this quarter. Sourcing in this quarter was very strong, 160,000 tonnes of marine raw material were sourced in this quarter compared to 90,600 tonnes last year....

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