Bakkafrost U/Adr (BKFKY) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.514 2025, webcasted 00:00:02.514 -- 00:00:07.958 here from Oslo. My name is Agni Akarsson, CFO of BackerProst. 00:00:08.140 -- 00:00:13.026 First, I'll ask you to pay attention to our disclaimer regarding forward-looking statements, 00:00:13.026 -- 00:00:17.248 which is included in the published presentation. 00:00:19.093 -- 00:00:23.258 This morning we will follow the usual agenda, starting with a summary of the quarter 00:00:23.258 -- 00:00:28.478 before we move into markets and sales. financials, operations, and 00:00:28.478 -- 00:00:33.642 outlook. And there are a number of appendices also included in the presentation. 00:00:37.910 -- 00:00:39.392 So 00:00:39.392 -- 00:00:44.498 in the fourth quarter, Baccafrost had revenues in excess of 1.8 00:00:44.498 -- 00:00:50.122 billion and an operational EBIT of 295 million. 00:00:50.205 -- 00:00:54.748 Harvest in the Faroes increased 40% to 23,000 00:00:55.432 -- 00:01:01.438 300 ton approximately and in Scotland we increased harvest with 19% 00:01:01.438 -- 00:01:04.379 to 4,600 ton. Our 00:01:04.400 -- 00:01:07.684 FOF division, fish meal feed and oil 00:01:07.684 -- 00:01:09.884 in the Faroes 00:01:10.366 -- 00:01:15.431 increased the sale of fish feed 00:01:15.431 -- 00:01:18.274 with 22% to around 47,000 00:01:18.274 -- 00:01:20.256 ton and 00:01:20.256 -- 00:01:26.077 fish meal sales were up with 51% to around 2,400 ton. 00:01:26.077 -- 00:01:31.205 Sourcing of marine raw material slightly down from same quarter last year 00:01:31.205 -- 00:01:35.431 and came out at around 40,000 ton. 00:01:35.431 -- 00:01:40.599 Cash flow from operations were positive with 447 million 00:01:40.599 -- 00:01:45.967 compared to 68 last year. And all segments were 00:01:45.967 -- 00:01:51.154 positive ...