Arctic Fish (AFISH) has 27 100 tonnes of Maximum Allowed biomass licenses (MAB) to farm salmon and trout. The licenses are in the Westfjords of Iceland. Out of the total license volume, 5 300 tonnes are for trout, that are not currently being utilized and will be converted to salmon licenses in ongoing application process. Arctic Fish is one of three leading salmon farmers in Iceland and has active licenses in 4 fjords and applications being finalized in one additional fjord that can bring the total volume (MAB) up to 31 900 tonnes in the coming years. The company owns a state-of-the-art RAS hatching and smolt production that is the foundation of the operations. Further investments are being made in smolt production and harvesting that will contribute to the future growth of the company. In 2025 the company aim to harvest 24k tonnes, up from around 12k tonnes in 2021.
The company was listed at Oslo Børs in 2021 and currently has a market cap of NOK 3bn. The company is majority owned by NRS that controls ~51%. Recently, the listed Icelandic company Sildarvinnslan agreed to acquire shares from certain shareholders, in total controlling 34% of the company.
Represented by: CEO Stein Ove Tveiten (speaker), CFO Neil Shiran Thorisson
Agenda (CEST): 1600-1620
Agenda parallel session: Track 1, part 2
Physical/Digital: Physical
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