Grieg Seafood to present Q2 results in accordance with IFRS 5 Discontinued Operations
Grieg Seafood to present Q2 results in accordance with IFRS 5 Discontinued Operations
Grieg Seafood ASA will present its Q2 2025 financial results in accordance
with IFRS 5 -- Discontinued Operations, following the decision to divest the
Group's operations in Finnmark, British Columbia (BC) and Newfoundland (NFL).
As a result, Q2 reporting will separate the financial performance of Grieg
Seafood's continuing operations (Rogaland and associated activities retained
within the Group) from the discontinued operations (Finnmark, BC and NFL).
Discontinued operations will be presented on a separate line in the income
statement, with comparatives restated accordingly.
This means that consensus estimates, analyst reports and other stakeholder
expectations based on consolidated reporting will not be directly comparable
to the Q2 figures as presented. The purpose of this notice is to clarify the
reporting framework ahead of the publication of Q2 results, as the divestment
represents a significant structural change for Grieg Seafood, reflected in the
Q2 reporting.
About Grieg Seafood
Grieg Seafood ASA is one of the world's leading salmon farmers.
Following completion of the Transaction announced 17 July 2025, our operations
will have a more geographically focused footprint in southwestern Norway with
farms located in Rogaland and headquarters in Bergen.
Grieg Seafood ASA was listed at the Oslo Stock Exchange in June 2007.
Sustainable farming practices are the foundation of Grieg Seafood's
operations. The lowest possible environmental impact and the best possible
fish welfare is both an ethical responsibility and drive economic
profitability.
To learn more, please visit www.griegseafood.com