Atlantic Sapphire As (AASZF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Good afternoon. My name is Pedro Gurar. I'm CEO of Atlantic Sapphire. And today, together with Gunas Kinderhout, our CFO, we will present the third quarter operational update of the company. The company has been performing according to plan during the last quarter in terms of production, achieving 1.4,000 tons hog in the third quarter at an average weight of 3.1 kilo hog. And in terms of prices, we achieved $8.6 per kilo, let us say 19% above the U.S. price index. We have continued the process of operational improvement in all areas, allowing us to keep our ambitions in terms of future production. As we are finishing the operational upgrade started in 2025, we are now realizing the positive impact of having more stable systems. While our feed conversion remains stable in 1.3, we have been constantly increasing our feed consumption rate, permitting us to sustain our future production plans. Losses were slightly higher than in previous quarter, but still within normal ranges and very low. Keeping our trend for 2025, during the third quarter, we increased our harvest, maintaining good average weight, reaching premium prices. Following market tendencies during the quarter, we had a decrease in prices compared to previous ones. Both net and standing biomass are showing stable levels for the last two quarters, all nine with our expectations. efforts are currently on phase two uh improving biological and financial performance phase one harvest data improving sales performance is improving as pedro mentioned and profitability measures are on track all efforts are currently on phase one Phase two investments are preliminary costs as we focus all our efforts on improving phase one. The profitability measures are on track and will drive down unit costs in the comi...