Nordic Aqua Partners AS on Thursday revealed a wider loss in its second quarter, impacted by low global Altantic salmon prices and lower harvest volumes. Additionally, the company said that it had secured 36 million euros private investment to expand its operations in China.
The salmon farming company reported loss of 10.08 million euros in the second quarter of 2025, compared to loss of 1.69 million euros in the same period last year. Pre-tax loss for the period widened to 11.28 million euros from loss before tax of 2.79 million euros in the year-ago quarter.
Quartely sales, however, climbed to 5.09 million euros from 4.67 million euros recorded in the corresponding quarter in fiscal 2024. During the three-month period, Operating EBIT came in at a negative 2.6 million euros, wider than negative 1.5 million euros in the previous-year quarter. Negatively affected by low global Atlantic Salmon prices and low growth
Seperately, the company said that it has secured a financing package to complete Stage 2 and advance Stage 3 of its land-based Atlantic salmon farming operations in Ningbo, China. Once finalized, total annual capacity will reach 20,000 tonnes of locally farmed Atlantic salmon.
As part of the package, two Chinese investors will co-invest RMB 300 million or around 36 million euros in Nordic Aqua Ningbo, NOAP's subsidiary, for a 20 percent ownership stake. The deal values the subsidiary at RMB 1.2 billion or around 1.7 billion Norwegian Kroner and is expected to close in the fourth quarter of fiscal 2025.
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