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Gigante Salmon
Gigante Salmon (GIGA) investor relations material
Gigante Salmon Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary20 Jan, 2026
Executive summary
Transitioned from construction to operational fish-farming in 2025, with two of three basins operational and the third to be ready by Q2 2026.
Initial harvest from Generation Autumn 2024 yielded 345 tonnes HOG in Q4 2025, with 94% superior quality and average weight of 3.0kg.
Full test cycle completed in Q2 2025 with 700 tonnes HOG harvested, demonstrating strong biological and operational results.
Processed 1,040 tonnes in 2025, with 2.4 million smolt released in autumn.
Financial highlights
Q4 2025 operating revenue reached NOK 26.9m, with operating profit of NOK 6.6m, net income of NOK 3.0m, and EBITDA of NOK 12m.
Full-year 2025 revenue was NOK 71.6m, with operating profit of NOK 3.7m and net income of NOK 2.98m.
Achieved price after costs was NOK 78/kg, with production costs at NOK 71/kg.
Accumulated biomass at end of Q4 was 3,000 tonnes.
Outlook and guidance
Basin C expected to be operational by April/May 2026, supporting ramp-up to 4,600 tonnes HOG in 2026.
Full production target is 16,000 tonnes HOG annually.
Net profit expected in 2026, supported by ramped-up production and facility completion.
Planned share issue in Q1 2026 to raise NOK 150–300m for growth and upgrades.
Further 3.3 million smolt to be released in the second half of 2026.
Prioritize allocation of Q1 2026 share issue funds
Impact of sludge treatment challenges on operations?
What specific adjustments improved Q4 harvest metrics?
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Next Gigante Salmon earnings date
Q1 202621 Apr, 2026
Gigante Salmon
Next Gigante Salmon earnings date
Q1 202621 Apr, 2026
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Frequently asked questions
Gigante Salmon AS is a Norway-based company engaged in land-based salmon farming. Its innovative aquaculture model employs a flow-through system, combining features of traditional and land-based farming to address common challenges like sea lice and fish escapes. This system promotes fish welfare by reducing mortality, emissions, and environmental impact while optimizing feed use. The company's operations focus on sustainable fish production, with key projects at locations like Rødøy and the Feøya island in Norway. The company is headquartered in Bodø, Norway, and its shares are listed on the Oslo Stock Exchange.
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