Good morning, everybody, and welcome to this webcast of Fifax F irst Half 2024 Report. We published the actual report yesterday evening, and now it's then time to go through some of the key points here from the report in this webcast. With us today, apart from myself, we have Linda, our CFO here, who's ready to also answer questions if needed. And then we also have Lisa Manninen online, who is facilitating then the Q&A at the end. There's a simple agenda here on the right-hand side, going through some key takeaways from the 2024 so far, so obviously the first half, but a bit longer. Then, we thought that we'd take a little bit of a step back and briefly recap in a couple of slides again, what Fifax is. There might be people online who are not so familiar with us from the history earlier. Then, going onwards to the key takeaways from the actual reporting period, then checking a bit on what the targets were and how we have been financing the activities. Then, moving on to the key, actually, forthcoming area of focus for us, which is sales restart, which is very exciting. Then, rounding up with a couple of words again, about how the market looks around us. Then, we have time for questions and answers at the end. So, let's dig into the content and go onwards. We have been progressing in a pretty familiar phase. We have had full focus since the spring of 2023 with the restart of the activities, and that has gone on. The main takeaway is that things have gone forward along that curve. The actual farming activities, in terms of the biological side, are progressing pretty much as planned. We now have two out of the three total grow-outs in operation. More about that a bit later. The list and roadmap of technical and operational improvements that we highlighted and said already at the beginning of the restart that we want to do are also advancing according to the plan, and some more words about that later on as well. Financing, as everybody who has followed us earlier knows, has been, of course, a central part of this restart period activity, when we've had to cover also the restart without having any revenues. During this period, or during 2024, there's been some smaller elements here. We raised a small convertible loan of EUR 500,000 in June, and then after the period, actually agreed on a sales frame agreement, including also a prepayment element. We are working on further financing still needed to complete the restart and advanced negotiation going on in that domain. So in summary, the progress has been pretty similar as we have reported also now for the couple of previous times. We are progressing steadily towards reaching our target of full fish stock and full production level, which then corresponds to our capacity output volume, which is approximately 3.2 million kg of fish with live weight in a live weight before harvest, and then it's good at this point to also underline that we have advanced with the financing, but obtaining the last bits needed to complete the total restart are, of course, essential so that we can reach the targets for this year. Let's then, not too long, but shortly recap what the company is about for especially the benefit of those online who haven't studied us so much previously. In brief, Fifax is a land-based farmer of rainbow trout. We do it in our RAS facility, which stands for Recirculating Aquaculture System, on Eckerö. The picture there on the right-hand side shows our factory. It's actually the westernmost industrial facility in the whole country of Finland, if you look on a statistics map, just as a small bit of trivia. So Sweden is just across that water body there. It's on the westernmost coast of Åland in Eckerö. The construction of that facility start 2014 and was then completed in steps over a number of years. Our implementation of the RAS technology is very intensive at the highest end of the spectrum, where you can pretty much go in terms of how intensive you circulate the water and clean it. which makes it a very ideal solution for the very sensitive Baltic Sea environment. The key targets here are that we really minimize the usage of new water, and aim at removing as much as just is possible about specifically nitrogen and phosphorus, and also the physical sludge in its entirety is recycled and nothing of that is returned to the sea. The full capacity, as I mentioned already on the previous slide, is 3.2 million kg per year, and that's the live weight. When you then gut the fish and clean it for delivery, that corresponds, which is maybe a bit easier to grasp, roughly 50 tons head-on gutted fish per week, if it's going completely steady. This is created with the RAS system that contains a large number of tanks and water treatment units. The system water volume is approximately 25 million L, and that volume, together with the biofilter and other water cleaning capacity, enables standing biomass of roughly 900 tons at any time in the system. Sustainability is the core key bottom foundation driver for a whole project like this, and that is what the company has and the factory has been built on, all in all. One of the symbols, kind of, I would say, stamps that also certify the sustainability is the ASC certification, which is increasingly important in the global seafood industry. Our facility was the first ASC-certified farm overall in Finland and also the closest neighboring countries, and after us, there's two more in Finland, so it's still quite rare. The process for our RAS facility, the key point, one of the key points with it, in addition to sustainability, is that it's a continuous and steady process. You can basically produce the same steady amount of fresh fish throughout the year, every week, or even day, and that is a difference from conventional farming, which is more batch-based. Another quality system that we follow, and then why we also are here is, of course, then the listing on Nasdaq Helsinki First North, where we have been since October 2021. That is a brief recap of what Fifax is as a company. And then I just quickly want to still highlight that when we talk about the RAS system and the circulating water and the very high level of cleaning and treating the water, this is a bit of an explanation what actually then happens in the process. So fish is farmed in the tanks. They are quite big. We have around 50 or more, actually, tanks of different sizes, 36 large ones, the main grow-out tanks, which are more than 500 cubic meters. But the basic concept is then that the fish lives in those tanks. We circulate the water where they are in constantly. We feed them, and then the water gets loaded by the fish excrements and then feed remnants, and we constantly circulate the same water. The 25 million L water volume circulates roughly once per hour through the cleaning process. What happens there is basically first, when we take water from the Baltic Sea, very small amount steadily in, we pretreat it, we disinfect it with ozone and UV, and we filter it in order to remove anything unwanted, and then we heat or cool it, depending on the situation, the right temperature to be taken into the system. Then the large amount, the 25 million L that circulates in this kind of circular part inside the factory continuously contains a number of steps, where with the drum filtering, first we remove the fixed pollution, then we regulate the pH to the right level, nitrification, meaning that it's the first step of the nitrogen removal, where actually nitrogen is converted to a shape that is not hazardous to the fish. Then we disinfect the water in different stages of the process with UV and ozone. We remove carbon dioxide, we oxygenate the water, we manage the temperature, and that is what happens continuously. And then once the water is discharged, we change a very small amount of water every hour. Then before releasing it to the sea, we remove the nitrogen in denitrification from the water, we remove the phosphorus, and we gather all the sludge that is there, compress it, and then it's taken for recycling. It can go to composting or biogas production. Both are used in our case. And then what this leads to actually in terms of metrics, then is that these are the target numbers at full scale of production is that 99.7% of the water inside the system is circulated and used again. Nitrogen and phosphorus emissions are roughly 1% compared to the situation in an open water farming. Then the physical sludge, of which we gather almost four kilos per one kilo of edible fish meat, is all collected and goes then to recycling and good use. Then as a total, CO2 emission levels, we get down to a level of around four kilos per kilo edible fillet at delivered at the retailer gate. That's what the system is about, basically, and of course, the output is the good and fresh fish. Then this is actually the process, how you do it on simple technical level. Not simple, but anyhow. Then moving onwards a bit to what has happened during the reporting period and a bit after as well. This is a chart we've used it previously as well, which both kind of highlights and illustrates a bit on a very rough level how the facility is built and what the units are there, where that water circulating and fish farming process happens, and then shows our kind of technical ramp-up process progress situation. So we basically operate, you could say, five parallel factories or sub-factories or production lines in the factory. There's the hatchery and kind of small fingerling unit, hatchery and nursery, you could call it, where we start with eggs, which we hatch, and then start from there. The hatchery was started with the first eggs in March 2023, now in the restart, and that has been no w for... since then, basically operating at full capacity. We have introduced new egg batches steadily, and that factory has been at full capacity since already sometime last year when also the small fingerlings had sort of developed. Here, we keep fish up to roughly 10 g in our current process. Then the next unit is the fingerling unit, where we grow the fish from the said roughly 10 g to roughly 50 g, and that is also operating at full capacity now. So the whole pipeline is full up to that. And then we have three parallel actual grow-out units, where the fish is then taken from 50 g up to the harvest size. These are separated completely in terms of both water circulation and work processes. Even inside these, we maintain a very strict separation hygienically between the different tanks. One of these, the grow-out one is now operating at full capacity. We have all tanks in use, and the biomass here is at full capacity for that unit. Grow-out two was started in April this year. The grow-out one was started last fall, and grow-out two in April this year, and that is gradually filling up. Grow-out three is still not in use and is up currently then undergoing the technical upgrades that we already have done in these four previous stages, and is expected to be able to start receiving fish here then during the second half as the biomass grows. It approaches our main target, which is to reach the full fish stock and full production output level during still during this second half of 2024. A bit drilling down in the progress on the fish, and again, this is just a slight update to those who have heard previous presentations, but we see that the progress has advanced. So again, we restarted after the complete cleaning and sanitation of the facility and total break in March 2023, with the first new batch of 800,000 eggs, of which you see a picture right here. And when we follow those very first eggs, which are still approaching the end of the life cycle inside our facility, it's then gone when some key steps, so that after roughly four months, they were moved to the actual fingerling unit, the one where they can grow up to 50 g. And then a bit later, a few months later, from there, we transferred the first, the largest one of those over to the grow-out, and then the ramp-up has proceeded. Here are now, actually, it's an actual picture of some fish from this first egg batch. Doesn't maybe show so much scale and so forth, but since September 2023, we have then steadily also introduced fish to the grow-out units. And as I mentioned on the previous slide, now two grow-out units are currently in use and gradually then filling up. So the pipeline in terms of production is... It's well stocked, and the latest egg batch actually was received here the first week. Actually, but I think it was the first day of August, early in the morning, when we introduced again the latest egg batch, which we take at that roughly a couple of months intervals into the facility. And then also as a reminder, some of you have certainly seen even this slide before. The growth of the fish, to remind, is not linear, and it's not mechanistic. There is a growth curve, like for any species. This roughly illustrates without an exact scale, but in the shape, it roughly illustrates the growth curve of the rainbow trout in our system. The thing here is that it works in a bit same way as compound interest, that even if the growth in terms of percentages at the beginning is quite high actually, and it slows down going forward, you can't really see it because when you put 1% on two grams, it's not that much. But now, when we are here in this middle region or well into this dark part of 6- 18 months, where actually 95% of the weight is gained, it's very tangible. You really see how the growth compounds and how the fish gain also grams and tens of grams and 100 g in a very short time. This same curve applies for each individual fish, and they are a bit different. Of course, we can't measure and calculate individual fish. What we can do is follow the batches and then individual tanks and estimate and calculate and apply these curves on those. On that level, you then do the planning and managing of how the biomass and fish stock growth is advancing the most optimal way. At the end of the reporting period, end of June, the fish stock in our facility was roughly 335 tons. Now, actually, at precisely now, beginning of this week, it was at roughly 500 tons. And the size of the largest average size of the tank with the housing, the largest fish is above one kg now. So we are well here in the curve, approaching quite nice sizes. And how does all this then convert to numbers? These are in more detail in the full report, of course, handled. And I think the one thing to note, of course, is that we still didn't have any sales during the first half, so revenue, unfortunately, still is zero. And now we at the next phase hope to really start seeing some numbers on the first row, moving to the sales here. Shortly, otherwise, the numbers have developed quite well in with our forecast and plans, so no surprises actually here. Then, of course, for this specific period in the bottom part, the operational key figures are those numbers that I mentioned. So there you see the change in the biomass, which also the growth is visible in this. So at the end of the year, we had roughly 60 tons of fish, while at the end of June, it was 337, exactly as at 335 earlier. So clear growth there. Now, one and a half months later, it's up to 500 tons. So the growth is really sort of picking up there. And more details about this in the report then. And then as a recap, we have the targets that we for the moment have set for ourselves. We are working towards reaching those. Here are still the previous targets for 2023, which was the first part of the restart, noted as a tick in the box. Then the short-term targets, which really is our focus now, coming through the restart period, are really focusing on getting the production up and running to full capacity and having been done all the works related. And here, the operative progress is moving ahead according to the plan, and the really exciting part is now that the sales start is concretely approaching. Financing, as mentioned already at the beginning, and everybody who has followed us for a while knows that this has been really a focus for us. This 2024, and through the restart needs, we have financed during this year or already actually at the end of last year. First with the share issue, directed one in early December. We also renegotiated our amortization schedules for our existing loans at the end of last year. And then what we have added on top of that this year is a small convertible loan of EUR 500,000 in June, and then we published on the third day of July a frame agreement for forthcoming sales, which also including the prepayment of EUR 1.4 million to be paid here during second half. So those have been done. And then as we mentioned also in our published report, that we are in negotiations then for the remaining financing that we need to complete the restart program and then reach the targets of 2024. Long term, we still maintain the objective of, based on the experience in the Eckerö case, then replicating that by expanding the operations, by building additional facilities. But obviously, this is a bit for the future, and now we are fully focused on getting the current plant up and running and delivering fish to customers. That being said, let's move to the next section. Really looking forward, and the central theme for the second half is that we actually are excited to expect that we really can again move back to sales. We are working there basically on, of course, many things, but if we group a little bit, these four areas are areas that contain a lot of activity and that we need to get into place. It's quite nice, actually, because there's been now two years pretty exactly that we haven't been able to work with these topics so much in terms of looking at the sales. This is a quite exciting period for us. The demand that we get the indications from the market is quite strong and that gives a good start or foundation for approaching the restart. We are obviously or have been for a while in dialogue with our existing customers and also then potential new ones, both domestic and on export markets. That is something that we have, let's say, been longing to do again since this break period. In order to then get the fish to the customers, this is maybe the last end of the chain, but logistics we need to put in place. The weekly harvest, I mentioned at the Fifax in brief part also, that it's roughly 50 tons gutted fish at full capacity. So that's quite a big amount that then requires that the logistics are in place to relevant directions. This we are ramping up and then reactivating and polishing, making sure that everything then works gradually when we increase the volumes. Then, of course, the production, the farming side, continues the ramping up the fish stock and the related component upgrade works, but then also, in terms of then when we approach actual harvests, there are things that we need to prepare so that the harvesting process, the purge process, and then the harvesting process really work. Our harvest start will be a bit phased. We have so far, for example, done manual gutting, and then we will gradually, our target is to move over to an automatic solution, but we start with the manual one. And then also, we are implementing a kind of phased approach, so that we start with fish of a size as early as we have possibility to deliver to specific customers. And then in parallel with already delivering that size, we also continue to ramp up then the size to the maximum full size target, which is two point four kilo. And then along the ramp up, we aim at stabilizing the volume deliveries. And then what happens as the fish stock grows and the process then also grows, it means that we get more and more sidestream volumes. The key elements being, first of all, the sludge, which we already collect all the time, and the amount increases every week, so we need to ensure continuously that the logistics and the use of it works. And then with the harvest, of course, also then the harvest side streams coming from the slaughterhouse will need to be handled and treated. Financing, obviously, still an important part, and we are adjusted to period also here when the growing fish stock incurs steadily larger costs, more feed, more oxygen, more everything. And then also we want to do the final planned investments to improve the operations. So hence, financing is still a central topic for us for a while. We continue with the very tight cost control that we obviously have had here during the whole existence of the company, basically, but especially also here during the ramp-up period with no revenues. We will start getting cash flow from the coming sales, and then, for example, have had already some prepayment arrangements and agreements put in place. And then, of course, we need to secure the final remaining other financing we need to complement the whole process. And so this is very, very concrete spread of or portfolio that we are focusing on. As I mentioned here, we published, and some of you maybe noticed, on the last days of July, a frame agreement with the company called Kalavapriikki for regarding the delivery of our fish to them. And a few words about this partnership. In brief, the frame agreement is an offtake agreement for our fish. It covers 1,200 tons of gutted fish per year, which is quite large part of our output. It's over 40% at full speed, so very meaningful volumes for us. The idea here is that deliveries start as soon as our fish reaches sizes that are fit for Kalavapriikki's process. Hang on. Now, there's an echo somewhere. Hang on a couple of seconds, we'll sort this out. Okay, now I think it works. Yes. So, yeah, as soon as we have fish of suitable size to Kalavapriikki's process, and this is intended as a long-term partnership. Why are we very excited to enter this collaboration with Kalavapriikki? I think it goes two ways, both from our and their perspective. They are a quite modern and innovative seafood house, and we see that the fit with our thinking and strategies is very aligned. We share very common view or shared view on the market, especially here domestically, where Kalavapriikki, at the moment, focuses. And on the importance of providing and offering domestic fish and sustainably sourced and sustainably farmed fish. We have a mutual interest and target, and you could, I think, say passion to increase the availability of high-quality seafood that comes from local sources that is and is sustainable. And then also, what is something we share is that there is a high focus on technology. Obviously, our process and way of farming fish is really very technical at its core, and Kalavapriikki is quite dynamically also implementing and wanting to use modern technologies in their production, and this is leaning forward on also in terms of investments that we find that we share very much the same ideas of how this industry can develop. What Kalavapriikki is in discussions with them on, why this is interesting to work with Fifax in such a significant amount. Their focus is really tightly on the best quality domestic fish, on sustainability and responsible farming, and they achieved already last year a key milestone for them, that all rainbow trout products were based on domestic fish. Now with the collaboration with Fifax, this supports then this target going onwards, also with increasing volume, so that the chain supports that. One key part, which I touched a bit here also earlier, also in terms of talking about the RAS technology, which Kalavapriikki has lifted up as very interesting, is that the RAS technology enables steady deliveries around the year. This is something that enables also then planning and preparation of the product portfolio and deliveries, and also marketing in a consistent way. Also this stable and predictable availability also is the benefit of the consumer, because prices can be more steady and stable, because there's a visibility forward, in a good way. So, all in all, this kind of as a case, we are really happy about entering this collaboration and are now just eagerly then waiting to arrive at the point that we can send the first deliveries from Eckerö to Kalavapriikki's facilities. Looking then, a bit how the world looks in terms of the market, these pictures are also familiar, but nothing has changed in the fundamentals. Basically, the view globally, and then it's visible a bit different way in different specific markets, is that the increasing amount of people on the planet needs more food. Everybody needs more protein, and then at the same time, the sustainability challenges drive for increasing the share of more sustainable protein sources than traditionally. Fish is a good answer, and seafood overall is a very good answer to this. The challenge is that wild caught sources, while wild sources are stagnating or have stagnated, there's no increase visible, and very big risks on even that amount around the oceans in the world, a bit differently in different places, but the main picture is this: farming has had a significant effect and enabled more people to enjoy high quality seafood, but also there, the limits are approaching, and there have been quite big challenges. For example, in the Norwegian salmon farming related to sea temperatures, diseases, lice, and other challenges, which compoundly mean that the supply increase is quite limited. Then the demand due to the need of the proteins is there are different estimates, but consensus is that it's at least around 5% annually, while the supply increases seem to be only 1%-2% or something like that. There's a gap, and it cannot be filled with the conventional methods, at least not totally. These new technologies are the solution, and hence, there are many parties around the world increasingly working on this, and Fifax being one of the early pioneers. In terms of the prices, of course, there's a lot of variation, and also locally from market to market, but this is now just this week, updated chart of the Atlantic salmon price history from the Fish Pool Index. The trend has continued to go upward here over the past two years, and is easy to continue again. Now, recently, again, there has been a drop. This is more seen as normal seasonality, and then actually some effects of the market come also in the picture. It's maybe a detail, but for example, since prices have been so high, a bit surprisingly or maybe not surprisingly, the share from Norway supply of kind of lower grade fish that previously has been sold at still cheap supply prices as just production raw material has been started to use as fillet fish. And that, of course, fetches a bit lower price as the superior level of fish impacts the average price of the total, then A-grade fish even if it's not inherently A-grade. So that's one of very detail here in the price mechanism. But the key point is that the supply is limited, and the price trends for salmon are going steadily upwards, and then there's a seasonality effect inside. One thing, there's no data on it more than in the header, is that also then rainbow trout has over just the past couple of years and quite recently, started to gain more interest as a species to be farmed, also outside Finland and Sweden, where it's quite classic. We see also from different places that the interest for rainbow trout as a fish and its price goes a bit upwards is the current sentiment. There are actually increasing projects to look at how to farm rainbow trout in places where it hasn't been done previously in conventional methods but also then in process. Now, if we look at the land-based sector a bit where it is in terms of the pipeline those who have followed us and the industry a bit broader know that a couple of two three years ago there was a huge global hype. Then there's been a lot of disappointments that has maybe toned down the astronomical amount of projects that were there previously. But now, based on fresh data, there is quite a strong interest and a lot of projects globally preparing for land-based projects in the salmonid segment. And salmonids, in this case, includes the salmon, rainbow trout, and Arctic char, basically. But in the existing, or if you split these different projects at different stages, the current capacity that is in production or ramping up, very close to deliveries or in partial deliveries, is roughly 65,000 tons. There's quite positive expectations now during 2024, that the first of these companies that are familiar names, I put here... Some examples in addition to us, which represent the largest and maybe most promising ones in the segment. So there's quite much expectation that from this group, things now start to sort of materialize in terms of operations that have gone through the starting phase difficulties. And we are one of these early pioneers with our Eckerö facility, quite significant part already at this existing capacity. And these are then spread around the world. These are our maybe most important colleagues. A bit different approaches, different places, but basically targeting the same thing. Atlantic Sapphire in Florida, Salmon Evolution in Norway, Finnforell in Varkaus, Nordic Aqua Partners in Ningbo, outside Shanghai, Proximar in Japan, Danish Salmon in Denmark, and Samherji in Iceland. Just as some example or samples. There are more, but these are maybe a good selection of the largest ones who are furthest ahead. But then there's a quite strong pipeline of projects coming, a lot of capacity under construction, and then, of course, the permitted and concept and planning phase, almost a million tons or probably more. But this is based on kind of a list or identifying those projects that are maybe more serious, relevant in the long list. Then, rounding up a bit, recapping what we are then trying to do, this picture, just data updated. Otherwise, it's the plan that we are working against in this restart program. We are aiming for full speed by the end of the year 2024, and that is the restart program phase that we are in. Expansions coming later. Now we focus on this. We've done this in two steps. Step one was from first eggs to shift of 2023, 2024, where the target was to have the whole life cycle chain up and running, so from hatchery to one grow-out, so that we have 1,000-ton facility in operation. And then step two was to fill that up to full capacity and continue with connecting then second and third grow-outs and ramping up to full capacity, the whole facility, and in parallel, doing the related investments. That's the part where we are on, as discussed here today. We operate now at 2000 ton capacity. The last grow out is undergoing the works to be then possible to start that as well once the fish needs it. Our new advisory business targeting to support other companies, mostly I would say that they are here in this box, that have every challenge still ahead them, and help this nascent industry to flourish from our own corner with our experience. We are working on it steadily here with side, and also have been doing this year and towards the end of the year, and see it as a long-term activity. But our main focus is currently on getting this production up and running. Financing, mentioned a bit earlier as well, really critical for us here as we know, has been. And to recap, we financed the restart step one with the rights issue in March 2023. And there's a small actually added here also, just very small, roughly 200,000 EUR grant that we received for some investments during that summer. And then this step two, there we have worked on a number of different financing elements that have been put in place step by step. And now we are in a quite good position here with advanced negotiation ongoing on the remaining financing that we still need to get there. Still work to do, and still work to do with the ramp up, but we are, as discussed here in the approach in sales phase, quite near to where we want to be, but very still intensive and exciting second half or remainder of second half ahead of us, and what we will focus on is then as a summary of these things, we continue ramping up the fish stock and doing the remaining technical improvements. We prepare and then implement the restart of harvest, deliveries, and sales, and then continue to develop the advisory business. If one would want to summarize this somehow, I think it could be said that during the second half, we really much look forward to moving our focus from ramp up and financing, which has been the everyday task for us so far, to normal operations and sales and revenues that way. So, with that, I conclude and just finalize with this slide, recap some of the reasons we think that if somebody considers investing in Fifax, why that it might be interesting. We know that this is in an industry where the megatrends support it and continue to drive a growth in demand. We are one of the early pioneers along with a few other peers that you saw names there on the previous slide, that have actually the real-life experience of operating a large-scale RAS and of actually also delivering high-quality rainbow trout already. Through the different steps that we have gone through and challenges, we've gained extremely rare and very advanced insights in biosecurity and handling difficult situations. Then the whole foundation for our work is sustainability, how to provide protein and food to people in a way that minimizes environmental impact. We approach this quite big task from the fish farming perspective. We are really there in the center of the Baltic Sea, in a fragile area, and want to solve it in that perspective. Now, we approach the restart of deliveries, and then later on, hopefully, can continue with the expansion plans. We intend to do this for a long time with larger and larger volumes and amplifying our impact. With that, I conclude. Thank you for your attention, this gradually nicer and nicer August morning, and open for questions. Before that, I just mention why this picture. This is a bit historic because it is already three months old, but this was literally the first harvested Fifax fish since the restart in May 2023. So at our annual general meeting in end of May, we served the first Fifax fish to the shareholders at that meeting, and this is a picture of some of the samples. They were roughly half a kilo at that time. We fished up some of the largest ones and could then smoke them and serve them, and it was quite an important and solemn moment to be able to take this out. But now we hope that we have much more fish to serve during the second half of this year, as discussed in the presentation. So with that, I thank you, and open up for questions. And now we have Lisa. Lisa here, who has looked and read the incoming questions and is now ready to serve them to me and answer those. So Lisa, please, the floor is yours. Thank you, Samppa, and I would remind all the participants that you can pose questions by using the chat box, which you can see on your screen. The first question comes from Pauli Lohi from Inderes. He asks, "Is the mentioned EUR 2.5 million roughly the estimated additional funding need for the remainder of the year? Thank you, Pauli. What we said in the beginning of the restart program, just as a recap, was that it's roughly EUR 15 million that we totally estimate that we need to reach the target of full deliveries. And then we've gone through these different financing steps and arranged them along the way. What was mentioned in the reports is that we are in advanced negotiation for also a new debt financing, and we have received the authorization from existing lenders to raise debt financing up to the point sum ofEUR 2.5 million. The exact need, we haven't precisely said. There is a slight variation also that how we play the investments and how actually the ramp-up goes in terms of what size fish we sell and when. But the EUR 2.5 million, if that would materialize in the end, exactly in that shape, is of course quite an important part of the remaining financing need. Okay, thank you. Next question, also from Pauli Lohi: Can you comment on other key indicators, such as fish mortality or feed conversion? How these figures compare to the previous ramp-up in 2021, 2022? Really excellent. Thank you for lifting up that, because the answer is that yes, we can compare, and we see a very positive development here. In terms of all these key metrics, we are clearly on a better level. Again, so with the technical upgrades, with the process upgrades, with the whole approach, how we now are running the facility, we are clearly at the higher level than we used to be. Mortality is lower, the FCR, Feed Conversion Rates are really excellent. Growth is good, so we are really happy with what we see so far. And of course, we are quite expectant for the future as well, because we've still done this during a ramp-up, meaning, and I want to stress this, because it means that we have taken in, you know, starting from scratch with basically a completely empty, clean, disinfected process, and then we started first with eggs and gradually taken them onwards. And at all points, we have had to start new biofilters, new equipment, new tanks. We have changed water flows. We have basically made quite fundamental also adjustments into how the process works. And then every mechanical and physical entity has been started, basically, for the first time. So we have been very careful, and with hands on the levers and knobs constantly, not to overdrive anything. We think that now when we reach the stability and can really kind of confidently then also drive things that already are up and running, we should at least not go backwards in those metrics. But that we sort of remain to be seen. But, I mean, in summary, we are really happy with the progress, and we see really good results. The next question is that, is there an update on when you are expecting to sell the first fish? It's during the second half, and it's actually not too far. We cannot give an exact date for that, because it depends not only on us. First, we need to have the right size of fish in the right amounts also, so that it makes sense for a specific delivery, and then it's a question also of how we agree with the customers and so forth, but the largest fish is now over one kilo, so that is not very far from the first harvest. Basically, we could deliver fish today if we would decide to sell it at a very small size, but we are targeting a bit larger sizes. It's not very far, but I can't give an exact date because it's related to very operational planning as well. Okay, thanks. Then, how do you think Fifax positions against other innovative fish farming companies that have recently been successful in ramping up volumes? Quite nicely. If we look at - I had this one slide here about these some names, and I think that those are really the group, and there are some more as well, but those are a good sample of the group that are in that phase that have ramped up volumes have sold already for a while and have ramped up increasing volumes and so forth, everybody in their bit own way. We are very we feel very much at home in the group of those people, and we compare very well. There are some that are in a very similar position. Proximar, for example, I spoke with their management here a couple of months ago, and in the presentation, there they surprisingly showed exactly, they have pretty much exactly the same numbers. They had the same biomass, they had the same rough sales starting target, and they had everything was very similar, so as an example. I think that all of us who are in this group of larger land-based players now approaching volumes, ramping up, already delivering, but ramping further volumes are having our own flavor of doing the thing, and a bit different market, a bit different focus on the product in terms of is it salmon or rainbow trout, what size you ship, what products you make, what's the distribution model, and so forth. But in that group, we are quite much on the same level as this half a dozen leaders globally. Not sure if that answered the question, but anyhow. Okay, moving from competitors to potential clients, with what kinds of clients are you negotiating with currently? We have an existing group of clients that we delivered to already during the spring 2022 and summer 2022 before we even had to stop. So of course, all of those are the people that we are having a steady dialogue with. And then it's a question of, again, timings and plannings and volumes and fits of what size fish at what time and so forth. But anyhow, that is one group. And then also with some new ones, both domestically and also outside the Finnish borders. Sweden, for example, is one, like we said, all the time, that Sweden we see as an important market area, but also further afield. Okay. Thank you, Samppa. That was the last question, and, I'm moving back to you now. Okay. Thanks, Lisa, and thanks for the good questions. I have nothing to add, other than thank you for the time and the interest, and I hope that everybody has had a really wonderful summer. There's still a bit summer vibes remaining for a few weeks, but I think everybody gradually already has started to slide into the autumn, and its intense activities. And we are very excited to get sort of back to full autumn activities, because we have very interesting and fun things on our table. So I wish a good day to everybody, and then I hope that we meet again at the next opportunity. And yes, I think that's it. So thank you very much.