1. Norway Stocks

  2. •

    Consumer Defensive

  3. •

    Agricultural Farm Products
BioFish Holding AS

BioFish Holding AS

BFISH.OL
BioFish Holding ASNO flagOslo Stock Exchange
1.76
NOK
+0.01
- -
197.08MMarket Cap
BioFish Holding AS
BFISH.OL
(Oslo Stock Exchange)

Recent

price

1.76

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
0.38
0.65
0.9
1.58
0.94
1.04
0.54
0.44
0.61
Revenue per Share
0.08
0.06
0.12
0.35
-0.3
-0.76
-0.2
-0.28
-0.19
Basic EPS, GAAP
- -
-2.03
-0.42
-0.42
-5.16
-2.28
-0.75
-0.28
-0.2
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
0.33
0.33
0.33
0.69
0.69
1
1
1.73
Book Value per Share
0.55
0.61
0.72
1.07
8.11
7.35
2.2
1.69
1.78
Tangible Book Value per Share
20
20
20
20
20
20
88
110
109
Basic Weighted Avg Shares
7
13
18
31
18
20
48
49
66
Sales/Revenue/Turnover
32.82
32.12
17.61
22.09
-42.95
-77.78
-32.83
-49.55
-18.51
Operating Margin (%)
1
1
1
- -
- -
1
6
13
13
Depreciation Expense
2
1
2
7
-6
-15
-18
-31
-20
Net Income, GAAP
22.98
20.67
16.84
22.3
- -
- -
- -
- -
- -
Effective Tax Rate (%)
21.93
8.99
13.93
22.04
-31.57
-73.56
-37.39
-63.9
-30.35
Profit Margin (%)
- -
-13
-41
-50
70
6
13
-8
-3
Working Capital
- -
46
48
50
59
56
52
49
48
LT Debt
11
12
14
21
158
143
195
186
194
Total Equity
- -
8.92
4.04
7.47
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
4.55
4.56
11.92
- -
- -
- -
- -
-1.3
Return on Capital (%)
- -
35.5
38.12
106.48
-58.46
-111.13
-35.05
-31.46
-10.21
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
ST Debt
10
22
21
LT Borrowings
50
49
48
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
110
110
112
Market Capitalization
125
117
145

Working Capital

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
Total Current Assets
39
27
34
Cash, Cash Equivalents & STI
- -
3
10
Accounts Receivable, Net
11
1
10
Inventories
26
22
13
Total Current Liabilities
28
35
37
Payables & Accruals
- -
- -
- -
ST Debt
10
22
21
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
145.09%
-4.31%
Free Cash Flow
- -
213.6%
-53.58%
Net Income, GAAP
- -
49.33%
75.25%
Sales/Revenue/Turnover
- -
36.86%
2.53%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
20
- -
28
- -
48
2024
17
- -
19
12
49
2025
34
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.05
-0.03
0.09
-0.14
-0.2
2024
-0.04
-0.13
-0.02
-0.09
-0.28
2025
0.05
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
BioFish Holding AS BioFish Holding AS is a Norwegian independent land-based producer of high-quality smolt and post-smolt for the salmon aquaculture industry; it utilizes recirculating aquaculture system (RAS) technology at its production facility in Ljones, Western Norway, near the Hardangerfjord, enabling controlled production of robust juvenile Atlantic salmon up to approximately 500 grams with a focus on fish health, welfare, and minimal environmental impact; the company holds an aquaculture license for 5 million smolt and a discharge permit for 2,200 tons annually, serving top-tier salmon farmers within one day of transport in a high-density fish farming region. Founded in 2016 and headquartered in Tørvikbygd, Norway, BioFish operates solely within the Norwegian market, targeting salmon producers with long-term delivery agreements that emphasize strong biological performance and scalability. In 2024, BioFish delivered 523 tons of smolt and post-smolt in line with guidance, acquired full ownership of its facility land through the purchase of Biofish Land AS, and secured multiple long-term contracts with returning customers; in 2025, Langøylaks completed a recommended voluntary offer and compulsory acquisition of all shares, delisted the company from Euronext Growth Oslo, and established itself as the sole owner, marking a major strategic shift to private ownership.