Andfjord Salmon Group AS (ANDF) Earnings Call Transcripts

Andfjord Salmon Group AS's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Andfjord Salmon Group AS reported strong operational metrics, with a total standing biomass of 1,584 tonnes and survival rates exceeding 99%. Revenue generation is anticipated to begin in the second quarter with the first post-smolt sale scheduled for June, which is expected to provide a significant revenue stream. The company has strengthened its financial position through a NOK 385 million private placement and a NOK 200 million increase in its bank facility, indicating a robust outlook for future growth.

Reported metrics

Guidance from management

Management anticipates starting revenue generation in the second quarter with the first post-smolt sale and expects to continue optimizing production processes to enhance profitability.

What management said

Yes, many videos of jumping salmons. So -- with that, we will move over to the Q&A. And you can ask questions here in the audience or you can submit it through the webcast solution. And -- and I can read up.

We'll start with a couple of questions from the webcast. For everyone here in the audience, there are microphones in the ceiling, so you don't need a handheld microphone, but make sure you raise your hand and of course, speak clearly and loudly when answering your questions -- asking your questions. Let's start with a couple of questions from the webcast. Question about sales, have you entered into any sales agreemen...

What analysts pressed on

Analysts expressed concerns regarding the pricing model for future salmon sales and the potential impact of fluctuating salmon prices on profitability. There were also inquiries about the operational costs as production scales up.

Main topics on the call

• Strong Operational Metrics — Andfjord Salmon achieved a survival rate of 99.17% in K0 and 99.24% in K1, significantly outperforming the industry standard of 5%. CEO Martin Rasmussen stated, "We consider the first 8 months of production to have been ...
• Strategic Partnership with Eidsfjord Sjofarm — The company has established a long-term partnership with Eidsfjord Sjofarm, which is expected to enhance production capabilities and secure the value chain. Management noted, "The post-smolt partnership helps to secure t...
• Increased Production Capacity — With the completion of K2 and K4, Andfjord expects to increase its annual production capacity from 6,000 tonnes to 11,000 tonnes. CFO Bjarne Martinsen highlighted that the overall production capacity will reach 17,000 to...
• Financial Strengthening — The company successfully raised NOK 385 million in equity and increased its bank facility by NOK 200 million, enhancing its financial flexibility. Martinsen stated, "We have received signed emcee from the existing bank s...

Read the full Andfjord Salmon Group AS transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 10 Andfjord Salmon Group AS earnings call transcripts on record, spanning September 14, 2023 to May 28, 2026. Based on this history, Andfjord Salmon Group AS reports quarterly. The most recent call on file is dated May 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ANDF

Exchange

OB

Country

NO

Sector

Consumer Staples

Industry

Food Products

Calls on record

10

First call

September 14, 2023

Most recent

May 28, 2026

Reporting cadence

quarterly