Grieg Seafood Asa Ord (GRGSF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Gregg Seaford's fourth quarter presentation. My name is Nina Willemsen Gregg and I'm the CEO of Gregg Seaford. Together with me today is also our CFO, Magnus Johannesson. Today's agenda will cover a current status on our strategic turnaround and updates on our operational and market performance. As always, Magnus will walk us through our financial review and also share some information on the dividend after the transaction. Starting with the highlights of the quarter. This is our final presentation covering discontinued operations and I'm pleased that the closing occurred as scheduled in Q4. It has required quite some resources and focus from our organization and we look forward to focusing solely on Rogaland going forward. Q4 represents a solid quarter, harvesting just below 7,400 tons and delivering a farming EBIT of NOC 20.7 per kilo, a result we are very pleased with. I will get back to details on this in our operational review. A high priority for the management team continues to be restructuring of the company. We are continuously doing changes and improvements in our balance sheet, structure and operating model. As a result of the closing of the transaction, we have used the proceeds to repay debt, taking up a new syndicate with Nordea and SEB, and the board has taken the principal decision to advise the General Assembly to pay NOK 4 billion in distribution to shareholders. I will continue to repeat this slide and our new focus strategy. We will go from global growth to regional profitability. This shift requires disciplined execution and we have maintained momentum also in Q4. A key operational focus for us continues to be how to best utilize the strong position we have on post-smolt and land-based. During the quarter we announced ...