1. Norway Stocks

  2. •

    Consumer Defensive

  3. •

    Agricultural Farm Products
Ice Fish Farm AS

Ice Fish Farm AS

IFISH.OL
Ice Fish Farm ASNO flagOslo Stock Exchange
29.00
NOK
- -
- -
3.55BMarket Cap
Ice Fish Farm AS
IFISH.OL
(Oslo Stock Exchange)

Recent

price

29.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.2
0.36
0.54
0.44
0.59
0.76
0.27
0.84
0.75
0.75
Revenue per Share
-0.07
- -
0.02
0.06
0.04
-0.07
0.05
-0.25
-0.27
-0.32
Basic EPS, GAAP
-0.13
-0.18
0.02
-0.23
-0.56
-0.17
-0.54
-0.32
-0.24
-0.25
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-0.04
-0.46
-0.25
0.01
0.01
0.01
0.01
0.01
0.01
0.01
Book Value per Share
0.26
0.18
0.3
0.71
0.88
0.35
0.9
0.6
0.57
0.57
Tangible Book Value per Share
55
55
55
61
55
77
116
122
150
150
Basic Weighted Avg Shares
11
20
30
27
32
59
31
102
112
112
Sales/Revenue/Turnover
-32.49
4.25
7.81
19.63
11.97
-18.04
55.87
-19.32
-26.83
-26.59
Operating Margin (%)
1
1
2
3
4
9
11
11
13
12
Depreciation Expense
-4
- -
1
4
2
-6
6
-31
-41
-48
Net Income, GAAP
- -
4.9
44.35
- -
18.49
- -
14.97
- -
- -
- -
Effective Tax Rate (%)
-35.34
0.51
2.84
13.56
6.18
-9.68
19.18
-29.96
-36.18
-42.85
Profit Margin (%)
8
7
6
38
27
-22
101
97
123
123
Working Capital
3
12
10
24
42
60
111
154
195
195
LT Debt
15
72
80
102
112
217
299
269
284
284
Total Equity
- -
1.23
1.23
- -
2.12
- -
3.99
- -
- -
- -
Return on Invested Capital (%)
- -
18.38
20.93
- -
8.6
- -
13.23
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
378.53
-802.36
612.09
-2,813.42
-3,165.32
-3,749.34
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
17
1
2
LT Borrowings
168
- -
192
LT Finance Leases
- -
- -
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
167
168
168
Market Capitalization
- -
- -
- -

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
170
174
156
Cash, Cash Equivalents & STI
33
8
13
Accounts Receivable, Net
13
16
5
Inventories
124
150
132
Total Current Liabilities
50
48
33
Payables & Accruals
- -
- -
- -
ST Debt
17
1
2
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
27.37%
5.6%
Free Cash Flow
- -
77.72%
-5.63%
Net Income, GAAP
- -
-242.57%
32.67%
Sales/Revenue/Turnover
- -
58.18%
9.89%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
1
30
31
2024
29
4
23
46
102
2025
47
7
10
48
112

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.01
-0.01
-0.01
0.07
0.05
2024
-0.02
-0.05
- -
-0.18
-0.25
2025
-0.05
-0.12
-0.07
-0.08
-0.27

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
Ice Fish Farm AS operates in the aquaculture industry, primarily engaged in the production and sale of farmed Icelandic fish species. The company specializes in breeding, growing, and harvesting various cold-water fish, with core products including Atlantic cod, lumpfish, and other sustainable seafood varieties. Ice Fish Farm provides comprehensive aquaculture services encompassing fish breeding, feed supply, fish health and welfare solutions, and distribution to domestic and international markets. The company serves seafood processors, retailers, and foodservice businesses across Europe and other key regions. Founded in 2008 and headquartered in Reykjavík, Iceland, Ice Fish Farm AS has focused on leveraging Iceland’s pristine natural marine environment to cultivate high-quality fish products. The company integrates advanced aquaculture technology and sustainable farming practices to enhance product quality and environmental stewardship. Recent strategic developments include expanding its production capabilities and entering new partnerships to support growth in the European seafood sector. Ice Fish Farm continues to invest in research and development initiatives to optimize fish health, feed efficiency, and sustainability metrics, aligning with evolving industry standards. Ice Fish Farm operates several aquaculture sites primarily in Icelandic waters but targets global markets through its export activities. Its business segments cover fish farming operations, supply of aquaculture inputs, and related services. The company manages subsidiaries that focus on fish breeding and health, expanding its vertical integration in the aquaculture value chain. As part of its growth strategy over the past two years, Ice Fish Farm has undertaken operational enhancements and product line expansions to strengthen market position and support sustainable seafood production. These initiatives include diversifying its fish product portfolio and increasing production volumes in line with international demand for responsibly farmed fish. This description encapsulates Ice Fish Farm AS as a specialized Icelandic aquaculture company involved in the farming, processing, and distribution of sustainable cold-water fish species, with a recent focus on operational growth, strategic partnerships, and market expansion initiatives in the preceding 1-2 years.