Norcod AS
NCOD.OL
Oslo Stock Exchange10.40
NOK
+0.20
- -
Norcod AS
NCOD.OL
(Oslo Stock Exchange)
Recent
price
10.40
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Norcod AS is a Norwegian aquaculture company specializing in the commercial farming, production, operation, distribution, marketing, and sale of farmed Atlantic cod. Founded in 2018 and headquartered in Trondheim, Norway, Norcod primarily operates marine fish farms located in Mid-Norway, leveraging the region's ideal natural cold-water conditions to produce cod of consistent, premium quality. The company's product offerings include sustainably farmed cod supplied fresh to diverse international markets, with a focus on maintaining high health and yield standards through optimal fry selection and breeding techniques. Norcod also collaborates through ownership and partnerships across the entire value chain of cod production and distribution. Norcod's core business activities encompass commercial cod farming using low-intensity methods designed to maximize sustainability and environmental responsibility. Its product line predominantly features fresh farmed cod, marketed and distributed both domestically and internationally, including through exclusive agreements with sales partners such as Sirena Group in the UK. The company targets the growing global demand for stable, high-quality, and sustainably farmed whitefish, serving retail, wholesale, and foodservice markets. Recent major developments include a significant NOK 157 million private placement equity funding round completed in November 2025, led by Jerónimo Martins Agro-Alimentar, the agri-business arm of the Portuguese retail conglomerate Jerónimo Martins. This investment granted Jerónimo Martins an 18.06% ownership stake and signals a strategic alliance that expands Norcod's access to international retail channels across Europe and Latin America, leveraging Jerónimo Martins' large retail footprint. Alongside existing partners such as High Liner Foods and Sirena Group, this broadened distribution network positions Norcod for accelerated growth and market penetration in sustainable farmed cod. Additionally, the company has secured new production sites in Nordland County and expanded land-based juvenile fish rearing capacity to support its scaling efforts. Norcod emphasizes ongoing cost optimization, operational efficiency, and sustainable growth as strategic priorities. Norcod is listed on the Oslo Euronext Growth market under the ticker NCOD.OL. The company prides itself on its advanced aquaculture techniques that ensure consistent supply and premium product quality aligned with UN Sustainable Development Goals. Its recent financial and operational advances, including increased harvest volumes and improved EBIT margins, underscore Norcod’s position as a leading innovator in farmed cod production and an aspirant for global leadership in sustainable whitefish farming.