Bakkafrost U/Adr (BKFKY) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.818 a profit warning on 15th 00:00:03.818 -- 00:00:06.102 of July. And 00:00:06.102 -- 00:00:09.729 this is in line with what we are presenting today. 00:00:09.729 -- 00:00:13.315 So in the second quarter, we had revenues for 1.6 00:00:13.315 -- 00:00:17.543 billion and an operational EBIT of 65 million. 00:00:17.543 -- 00:00:21.783 The fairways harvest in the quarter was 16,000 tonne, 500. 00:00:21.783 -- 00:00:26.350 1800 tonne up from the same quarter last year. 00:00:26.350 -- 00:00:31.618 In Scotland we harvested 7000 tonne which was 4300 tonne 00:00:31.618 -- 00:00:35.003 lower than the same quarter last year. 00:00:35.003 -- 00:00:38.047 At our FOF division 00:00:38.047 -- 00:00:44.990 feed sales increased by 14% in the quarter to 37.5 thousand 00:00:45.074 -- 00:00:49.783 ton. We sold 5,000 ton of fish oil. Fish 00:00:49.783 -- 00:00:53.831 meal was also lower than in the same quarter last year. 00:00:53.831 -- 00:00:58.167 9,000 ton in this quarter. Sourcing 00:00:58.167 -- 00:01:03.617 in this quarter was very strong. 160,000 tonnes of marine raw material 00:01:03.617 -- 00:01:09.463 were sourced in this quarter compared to 90,600 tonnes 00:01:10.288 -- 00:01:15.337 last year. Cash flow from operations were negative with 204 million and all 00:01:15.337 -- 00:01:21.402 segments had positive EBIS except for the Scottish freshwater and farming segments. 00:01:21.402 -- 00:01:24.607 We also paid out dividends in the quarter amounting 00:01:24.607 -- 00:01:30.031 to 501 million, corresponding to 8.44 00:01:30.335 -- 00:01:34.498 Danish kroner per share. That was paid out in May. 00:01:36.383 -- 00:01:42.172 So moving on to markets and sales. The market has been 00:01:42.172 -- 00:01:45.994 negatively impacted on the price side in...