REG-Lerøy Seafood Group ASA: Third quarter 2026 results
Key Highlights
- ➤Operational EBIT NOK 459 million, up from NOK 15 million year-on-year
- ➤Farming Operational EBIT turned positive at NOK 113 million
- ➤Market Operations EBIT rose to NOK 446 million; margin reached 5.4 percent
- ➤Wild Catch 2026 EBIT guidance cut to NOK 315-350 million
- ➤Net interest-bearing debt fell NOK 676 million to NOK 7,732 million
Expert Statements
Henning Beltestad, CEO of Lerøy Seafood Group ASA
“Operational EBIT in the third quarter of 2026 was NOK 459 million, compared with NOK 15 million in the same quarter last year. The improvement reflects good biological development and lower costs in Farming, as well as a strong quarter in Market Operations. At the same time, we are delivering strong cash flow, and net interest-bearing debt was reduced by NOK 676 million during the quarter.”
Henning Beltestad, CEO of Lerøy Seafood Group ASA
“We continue to see good biological development, and all three of our Norwegian farming regions delivered improved results compared with the same quarter last year. Cost levels have declined, while we have also built high standing biomass, providing a good basis for the coming quarters”
Henning Beltestad, CEO of Lerøy Seafood Group ASA
“Market Operations delivered a strong quarter. This development is in line with our previously communicated expectation of significantly improved earnings in the second half of the year”
Henning Beltestad, CEO of Lerøy Seafood Group ASA
“Prices for saithe, cod and haddock have been weaker than previously assumed, while bunker fuel costs have increased. Against this background, we are reducing our expectation for Operational EBIT in Wild Catch in 2026 to NOK 315-350 million, compared with the previous expectation of NOK 400-450 million”
Henning Beltestad, CEO of Lerøy Seafood Group ASA
“We enter the fourth quarter with good biological status, high standing biomass, a lower cost level and a stronger financial position. At the same time, we continue to see strong demand for salmon and lower global supply growth. Together with further effects from the cost programme, this provides a solid foundation for further development.”
LERØY SEAFOOD GROUP ASA: STRONG EARNINGS IMPROVEMENT, GOOD BIOLOGICAL DEVELOPMENT AND STRONG CASH FLOW
“Operational EBIT in the third quarter of 2026 was NOK 459 million, compared with NOK 15 million in the same quarter last year. The improvement reflects good biological development and lower costs in Farming, as well as a strong quarter in Market Operations. At the same time, we are delivering strong cash flow, and net interest-bearing debt was reduced by NOK 676 million during the quarter,” says CEO Henning Beltestad.
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