Nordic Aqua Partners A/S (NOAP) Earnings Call Transcripts

Nordic Aqua Partners A/S's Latest Earnings Call - Q1 FY2026

In Q1 2026, Nordic Aqua Partners A/S reported revenues of EUR 6 million from 771 tonnes harvested, reflecting a robust performance in a growing market. The operational EBIT was negative at EUR 0.5 million, but management indicated a positive trend with expectations of improved harvests and reduced costs in the upcoming quarters. Guidance for Q2 remains optimistic, with anticipated harvests between 1,000 and 1,200 tonnes and a full-year estimate maintained at 5,000 to 6,000 tonnes, signaling potential for stock movement as the company capitalizes on strong demand in China.

Reported metrics

Guidance from management

Management maintained full-year harvest guidance of 5,000 to 6,000 tonnes and expects Q2 harvests between 1,000 and 1,200 tonnes, indicating confidence in production capabilities.

What management said

Now we have received only 1 question, which is regarding the Sitagri index. There was a question here. It does not -- Sitagri index does not include the transportation cost. How should we think about this component going forward?

Thank you. And we can see that there are no other questions in the box in the inbox for us. Maybe we can just wait a few seconds and see if something should come up. Okay. We know that there is sometimes a delay in the system also. So that's why we just have to wait a little bit to see. If not, then we can just say also that if somebody raises questions, after we have seen them before we end now, then we can come bac...

What analysts pressed on

Analysts expressed concerns regarding the volatility of transportation costs and their impact on pricing strategies. There was also a question about the Sitagri index not including transportation costs, which could affect future pricing comparisons.

Main topics on the call

• Strong Production and Harvest Growth — Nordic Aqua achieved production of over 2,000 tonnes in Q1, with a harvest of 771 tonnes, marking the best quarter for harvest volume to date. CEO Ragnar Joensen stated, "We are building up biomass, not harvesting as muc...
• Market Dynamics in China — The Chinese market for Atlantic salmon is experiencing explosive growth, with a reported 55% year-on-year increase in imports. Management highlighted that "the market is growing extremely well," positioning Nordic Aqua f...
• Cost Management and Operational Efficiency — Management reported a decrease in costs as production ramps up, with operational EBIT improving towards positive figures. They noted, "The cost is coming down as the production is going up," suggesting effective cost con...
• Future Harvest Expectations — For Q2, Nordic Aqua expects to harvest between 1,000 and 1,200 tonnes, with a full-year estimate of 5,000 to 6,000 tonnes maintained. This was reiterated by Joensen, who stated, "We think that this quarter has been very ...

Read the full Nordic Aqua Partners A/S 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 13 Nordic Aqua Partners A/S earnings call transcripts on record, spanning March 21, 2022 to May 28, 2026. Based on this history, Nordic Aqua Partners A/S reports semi-annually. 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

NOAP

Exchange

OB

Country

NO

Sector

Consumer Staples

Industry

Food Products

Calls on record

13

First call

March 21, 2022

Most recent

May 28, 2026

Reporting cadence

semi-annually