P

P/F Bakkafrost
OSE:BAKKA

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P/F Bakkafrost
OSE:BAKKA
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Price: 448.6 NOK -1.62% Market Closed
Market Cap: kr26.6B

P/F Bakkafrost
Investor Relations

P/F Bakkafrost, a prominent player in the global aquaculture industry, weaves its narrative on the stunning Faroe Islands, leveraging the pristine waters and sustainable practices to cultivate its premium fish products. Established in 1968, the company has grown from a local operation to becoming one of the world's most significant salmon producers. Bakkafrost's journey is deeply intertwined with its surroundings, capitalizing on the cold and clean waters of the North Atlantic to produce high-quality salmon. This environmental advantage, combined with its vertically integrated operations, allows Bakkafrost to maintain stringent control over the entire production chain—from feed production to fish farming to processing and sales—ensuring the utmost quality of its product line.

In essence, Bakkafrost’s business model is hinged on sustainability and quality, striving to meet consumer demands for premium salmon products while minimizing environmental impact. The company not only farms and processes Atlantic salmon but also executes efficient sales strategies internationally, targeting markets that offer the best returns. With a keen focus on innovation, it invests in state-of-the-art hatcheries and aims to expand its operations through acquisitions and development of new technology, positioning itself to address the growing global appetite for sustainable seafood. This strategic approach enables Bakkafrost to build robust profit margins and secure a competitive edge in an industry sensitive to ecological and market fluctuations.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 9, 2026
AI Summary
Q4 2025

Revenue Growth: Bakkafrost reported fourth quarter revenues of DKK 1.85 billion, up from DKK 1.47 billion last year.

Profitability: Operational EBIT rose to DKK 295 million from DKK 280 million, and profit after tax for the quarter was DKK 591 million.

Harvest Volumes: Faroese harvest rose 40% to 23,300 tonnes, while Scotland increased 19% to 4,600 tonnes.

Strong Cash Flow: Cash flow from operations was DKK 447 million, a significant increase from DKK 68 million last year.

Dividend Proposal: A dividend of DKK 3.45 per share is proposed, maintaining a 50% payout of adjusted earnings per share.

Guidance Reaffirmed: 2026 harvest guidance remains at 112,000 tonnes, with no change despite higher starting biomass.

Cost Outlook: Costs are expected to be stable or slightly down in 2026, mainly due to improving smolt utilization and cost controls.

ESG Recognition: Company achieved top global sustainability rankings, including CDP A List and #2 in food and beverage manufacturing.

Key Financials
Revenue
DKK 1.847 billion
Operational EBIT
DKK 295 million
Profit after tax
DKK 591 million
Harvest volume (Faroe Islands)
23,300 tonnes
Harvest volume (Scotland)
4,600 tonnes
Cash flow from operations
DKK 447 million
Adjusted earnings per share (full year)
DKK 6.9
Dividend per share
DKK 3.45
Operational EBIT (full year)
DKK 888 million
Operational margin (Freshwater Faroe Islands)
37%
Operational margin (Service segment)
13%
Operational margin (Faroese Farming segment)
15%
Net interest-bearing debt
just short of DKK 3.9 billion
Equity ratio
58%
Feed sales (FOF segment)
47,000 tonnes
Fishmeal sales
2,400 tonnes
Cash and cash equivalents
DKK 300 million
Dividend payout ratio
50% of adjusted earnings per share
2026 Harvest Volume Guidance
112,000 tonnes
Feed Production Guidance
165,000 tonnes
Earnings Call Recording
Other Earnings Calls

Management

Ms. Annika Frederiksberg
Sales Manager & Director
No Bio Available
Mr. Johan Regin Jacobsen
Chief Executive Officer
No Bio Available
Mr. Símun Peter Jacobsen
Senior Sales Manager
No Bio Available
Mr. Heini Kristiansen
Group Human Resource Manager
No Bio Available
Mr. Odd Eliasen
Managing Director of Havsbrún P/F
No Bio Available

Contacts

Address
Bakkavegur 9, Glyvrar
Contacts
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