Averøy, Norway, 14 April 2026
Nordic Halibut AS ("NOHAL" or "the Company") reports an average sales price of
188 NOK/kg fresh HOG in first quarter of 2026, compared to 193 NOK/kg recorded
in the same period of the previous year.
The Company harvested 269 tonnes HOG, up from 228 tonnes in Q1 2025. The average
harvest weight increased to 6.6 kg HOG from 5.6 kg.
Sales revenue for Q1 2026 amounted to NOK 47.7 million, based on a total sales
volume of 251 tonnes, consisting of 236 tonnes fresh HOG and 15 tonnes of frozen
HOG. This represents a 10% increase in volume compared to the same period in
2025.
Biomass increased by 0.6% in Q1 2026 from the previous quarter. Including
harvested biomass, total sea-based production for the quarter reflects a 10%
growth in biomass.
Construction of the Tingvoll facility progressed as planned during Q1 2026. The
facility remains on track to become fully operational by 2027 and will play a
key role in supporting the Company's scale-up strategy, aiming for an annual
production of 10,350 tonnes by 2031.
The complete report for Q1 2026 will be published on 28 May 2026.
For further information, please contact:
CEO Edvard Henden
edvard@nordichalibut.no
+47 911 41 165
or
CFO Are H. Strand
are.strand@nordichalibut.no
+47 915 39 232
About Nordic Halibut AS:
Nordic Halibut is a leading farmer of Atlantic halibut located in Western Norway
and with headquarters in Averøy, Nordmøre. The Company has a fully integrated
and well-developed value chain from genetics to sales and has had a significant
breakthrough in early phase production. A growth plan to expand production
volumes is implemented with production target 10,350 tonnes HOG within 2031.
Nordic Halibut will create shareholder value by pursuing value accretive organic
growth through increased production.