1. Norway Stocks

  2. •

    Consumer Defensive

  3. •

    Agricultural Farm Products
Grieg Seafood ASA

Grieg Seafood ASA

GSF.OL
Grieg Seafood ASANO flagOslo Stock Exchange
27.90
NOK
-0.14
- -
3.13BMarket Cap
Grieg Seafood ASA
GSF.OL
(Oslo Stock Exchange)

Recent

price

27.90

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
21.91
18.44
18.57
21.77
37.13
41.74
59.28
63.56
67.93
43.06
39.25
40.96
63.79
62.66
29.58
32.91
44.24
Revenue per Share
5.65
-1.11
-1.33
3.9
1.26
-0.06
10.74
5.17
8.81
5.61
-4.84
10.73
10.27
5
-21.85
9.89
8.97
Basic EPS, GAAP
3.16
-1
0.12
1.39
-1.41
0.43
6.32
1.41
2.19
8.23
-4.54
0.33
9.08
-9.76
-6.77
-2.93
-3.12
Free Cash Flow per Basic Share
0.25
1.36
- -
- -
- -
0.5
- -
- -
- -
4
- -
- -
3
4.5
1.75
1.4
1.41
Dividend per Share
17.74
15.42
14.17
18.07
19.33
18.77
28.01
29.18
34.01
37.03
32.14
42.73
49.79
50.48
26.88
35.27
35.63
Book Value per Share
8.62
5.34
3.87
8.11
9.56
9.21
18.3
19.49
23.8
26.09
19.57
29.66
38.43
39.62
25.59
37.65
38.03
Tangible Book Value per Share
112
111
110
110
110
110
110
110
110
110
112
112
112
112
112
112
111
Basic Weighted Avg Shares
2,446
2,047
2,050
2,404
4,100
4,609
6,545
7,017
7,500
4,756
4,384
4,599
7,164
7,020
3,318
3,694
4,916
Sales/Revenue/Turnover
34.64
8.56
-6.54
24.51
6.77
1.96
16.84
10.49
17.84
17.06
-3.54
21.2
25.11
12.49
8.25
6.19
-4.9
Operating Margin (%)
120
140
161
136
141
214
174
201
236
307
369
376
451
555
651
381
381
Depreciation Expense
631
-123
-147
431
139
-7
1,186
571
973
620
-541
1,205
1,154
560
-2,451
1,110
997
Net Income, GAAP
26.43
- -
- -
20.91
16.03
- -
21.69
24.74
21.91
24.76
- -
29.2
20.3
33.69
956.67
36.01
7,490.32
Effective Tax Rate (%)
25.79
-6.02
-7.18
17.93
3.39
-0.14
18.12
8.13
12.97
13.03
-12.34
26.2
16.11
7.97
-73.86
30.04
20.27
Profit Margin (%)
1,372
708
804
1,264
1,386
1,798
2,436
2,405
2,786
2,931
3,807
3,731
4,546
4,505
2,705
3,679
3,679
Working Capital
830
793
1,132
1,045
1,219
1,813
1,246
1,409
1,605
2,210
3,908
2,959
3,492
4,603
4,879
395
395
LT Debt
1,982
1,690
1,513
2,002
2,241
2,238
3,207
3,348
3,884
4,141
4,371
5,563
6,486
6,669
4,052
4,502
4,502
Total Equity
20.21
- -
- -
13.04
5.76
- -
17.41
10.15
17.41
9.65
- -
7.92
14.63
5.16
-20.7
1.43
- -
Return on Invested Capital (%)
24.79
- -
- -
14.19
5.38
- -
25.64
11.18
17.25
9.88
- -
17.02
14.65
7.2
-47.94
14.32
3.03
Return on Capital (%)
47.48
-6.67
-8.98
24.21
6.72
-0.32
45.93
18.07
27.88
15.8
-14.09
28.72
22.21
9.95
-56.53
31.83
28.58
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
992
1,020
2,441
LT Borrowings
2,768
- -
- -
LT Finance Leases
128
- -
395
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
112
112
112
Market Capitalization
8,404
7,367
8,651

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
10,463
11,139
7,006
Cash, Cash Equivalents & STI
115
24
5,008
Accounts Receivable, Net
60
139
197
Inventories
1,111
1,374
1,660
Total Current Liabilities
3,647
3,843
3,327
Payables & Accruals
- -
- -
- -
ST Debt
992
1,020
2,441
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.45%
3.71%
11.11%
Free Cash Flow
376.75%
456.74%
-56.67%
Net Income, GAAP
-1,926.62%
-212.29%
-145.29%
Sales/Revenue/Turnover
2.9%
3.46%
11.36%
Total Cash Common Dividend
- -
- -
-20%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1,546
2,372
1,164
1,938
7,020
2024
2,290
426
856
853
3,318
2025
2,184
1,007
754
971
3,694

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
3.8
-5
1.3
4.9
5
2024
-2.9
-7.6
-0.28
-12.37
-21.85
2025
-2.9
-2.92
-2.53
17.12
9.89

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
4.42
- -
4.5
2024
- -
2.13
- -
- -
1.75
2025
- -
0.47
0.48
0.45
1.4
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Business
Grieg Seafood ASA Grieg Seafood ASA is a Norway-based salmon farming company that specializes in the farming, production and sale of Atlantic salmon and trout; its core offerings include fresh whole salmon, freshly processed fillets and portions, frozen processed products, frozen whole fish, and value-added items such as smoked and marinated salmon through subsidiaries like Ocean Quality AS and Ocean Quality North America Inc. The company operates farming facilities primarily in Rogaland and Finnmark in Norway following the July 2025 sale of its Canadian operations in British Columbia and Newfoundland to Cermaq Group AS for NOK 10.2 billion; it also maintains a historical presence in Shetland, UK, though currently focused on Norwegian assets. Founded in 1992 and headquartered in Bergen, Norway, Grieg Seafood ASA employs around 730 people and targets North American, Asian and European markets with an emphasis on sustainable practices, including post-smolt production at facilities like Tytlandsvik Aqua, which is expanding with new halls starting construction in March 2026. Recent developments include the appointment of Piotr Wingaard as Chief Commercial Officer in October 2025 and a comprehensive transformation program launched in 2025 to reallocate resources to high-performing Norwegian sites, enhance financial flexibility via hybrid bond issuance and sale-leaseback arrangements, and optimize operational efficiency.