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The Norwegian halibut farmer lowered its 2025 stocking forecast but highlighted progress on its new Torjulvågen facility.

In addition to securing its long-term processing capacity, it has also entered into an agreement with the main shareholder, Måsøval, on a call option to acquire 100% ownership.

The Norwegian halibut farmer's fourth-quarter results show a 21% increase in biomass and a 24% surge in revenue compared with last year.

Are Hammervik Strand will join the company as Interim Chief Financial Officer, effective February 3, 2025, following previous CFO's resignation in December.

CFO Thomas Scheele Berg is leaving the Norwegian halibut farming company at the end of February 2025.

The Norwegian halibut farmer saw a 41% year-on-year fall in revenues, and made a loss of NOK 8.4 million during the first quarter of 2024.