Atlantic Sapphire As (AASZF) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.942 -- 00:00:05.091 Good morning. Good afternoon. My name is Pedro Gurar. 00:00:05.091 -- 00:00:10.724 I'm CEO of Atlantic Sapphire. And today, together with Gunas Kinderhout, 00:00:10.724 -- 00:00:16.177 our CFO, we will present the third quarter operational update 00:00:16.177 -- 00:00:18.397 of the company. 00:00:31.739 -- 00:00:36.785 The company has been performing according to plan during the last quarter in 00:00:36.785 -- 00:00:41.890 terms of production, achieving 1.4,000 tons hog in the 00:00:41.890 -- 00:00:46.716 third quarter at an average weight of 3.1 kilo hog. 00:00:46.716 -- 00:00:51.479 And in terms of prices, we achieved $8.6 00:00:51.741 -- 00:00:54.805 per kilo, let us say 19% 00:00:54.805 -- 00:00:59.968 above the U.S. price index. We have continued the 00:00:59.968 -- 00:01:05.618 process of operational improvement in all areas, allowing us to keep our ambitions 00:01:05.618 -- 00:01:08.383 in terms of future production. 00:01:08.383 -- 00:01:13.673 As we are finishing the operational upgrade started in 2025, 00:01:13.673 -- 00:01:20.362 we are now realizing the positive impact of having more stable systems. 00:01:25.874 -- 00:01:30.723 While our feed conversion remains stable in 1.3, 00:01:30.723 -- 00:01:36.052 we have been constantly increasing our feed consumption rate, permitting 00:01:36.052 -- 00:01:39.618 us to sustain our future production plans. 00:01:39.618 -- 00:01:44.808 Losses were slightly higher than in previous quarter, but still 00:01:44.808 -- 00:01:48.992 within normal ranges and very low. 00:01:51.760 -- 00:01:54.824 Keeping our trend for 2025, 00:01:54.824 -- 00:01:59.891 during the third quarter, we increased our harvest, maintaining good average 00:01:59.891 -- 00:02:04.898 weight, reaching premium prices...