Austevoll Seafood ASA said third-quarter adjusted earnings per share returned to positive territory as higher farming prices and lower costs lifted earnings, despite a year-over-year decline in operating revenue.
Adjusted earnings per share (EPS) came in at NOK 1.40, against a loss of NOK 0.50 in the third quarter of 2025. Adjusted EBITDA reached NOK 1.131 billion, from NOK 651 million, and adjusted EBIT was NOK 546 million, compared with NOK 78 million a year before. The earnings measures improved while the reported revenue line moved lower.
Austevoll reported NOK 9.228 billion for “Operating revenue, other income, gains and losses,” versus NOK 10.037 billion in Q3 2025. Including Austevoll’s 50% share of Pelagia Group, the comparable figure was NOK 10.908 billion, compared with NOK 11.714 billion a year earlier.
Adjusted EPS excludes fair-value adjustments related to biological assets. Austevoll’s report says the reversed adjustment is calculated after tax using a 22% rate.
Austevoll said lower operating costs and improved realized prices in farming were the main supports to earnings. Higher prices for finished products helped compensate for lower sales volumes. FoodCorp Chile S.A. delivered its best third-quarter result, while weak fishing activity in Peru weighed on performance.
The company linked Peru’s suspended fishing season to El Niño, warm seawater and a high share of juvenile fish. It also said Peru would not authorize a second fishing season in 2026 because of biological and oceanographic conditions. Austevoll described lower seasonal activity in the North Atlantic as normal.
Austevoll reported NOK 78 million in Pelagia profit for the quarter, versus none in Q3 2025. The company’s investor calendar lists Feb. 19, 2027, for its Q4 report.
