Disease outbreak impacts Ice Fish Farm results

Seltjarnarnes Iceland-based salmon-farming company Ice Fish Farm AS (IFF) has reported an increased Q2 operating income of NOK 87 million (USD 8.3 million, EUR 8.5 million) for the three months ending 30 June, 2022, compared with NOK 69 million (USD 6.6 million, EUR 6.7 million) in Q2 2021.

Ice Fish Farm’s concentration on selling on the spot market allowed it to achieve a good price for relatively small-size fish, IFF said in a filing with the Oslo Stock Exchange, where it is listed. However, its operating loss before fair-value adjustment of biomass was NOK 85.8 million (USD 8.2 million, EUR 8.4 million), following a biomass write-down of NOK 104 million (USD 9.9 million, EUR 10.1 million) due to an outbreak of infectious salmon anaemia (ISA) at the Berufjordur Hamraborg and Svarthamar farming sites in May 2022.

Its Q2 2022 EBIT per kilogram, adjusted for one-off biomass write-down, amounted to ... 

Photo courtesy of Ice Fish Farm/Kevin Sinclair