Gunnar Aasbo-Skinderhaug
CFO & Deputy CEO
Welcome to the Atlantic Sapphire First Half Financial Results Presentation. My name is Gunnar Aasbo-Skinderhaug. I am the CFO of the company. And together with me, I have Pedro Courard, the CEO of the company, and I’ll give him the word now to start off.
Pedro Courard
Chief Executive Officer
Thank you, Gunnar. I’m Pedro Courard, CEO of Atlantic Sapphire. Let us go to the presentation.
The first half of 2025 has been, by far, the best year for Atlantic Sapphire. We were able to validate our Phase 1, both from a productive and commercial standpoint by harvesting high-quality fish at commercial average weight of 2.9 kilos, giving us the chance to achieve premium price of $8.7 per kilo. All of that with good survival rates, stronger feeding capacity and consistent biomass gain.
The decisions made by the end of 2024, especially in terms of giving stability to our systems, start to realize in concrete results. We expect to finish the year with a record harvest of 5,400 tons with a realistic ambition of 7,000 tons for 2026 and 7,500 to 8,500 tons for the period 2027 onwards.
Our focus has been maximizing the efficiency of Phase 1, while we have reduced the focus in Phase 2, keeping the process to a minimum. To secure fundings of the company until reaching breakeven, we are contemplating a flexible financing option to raise the required funds.
Our unique condition in terms of current and future production capacity is one of our main assets. Once we reach EBITDA positive with Phase 1, we will have the biggest market waiting for
