In the third quarter of 2025, Lerøy Seafood Group reported an operational EBIT of NOK 15 million, impacted by low salmon prices and high sea temperatures in the Farming segment. Despite this, the value-added processing segment saw strong results. Farming segment’s operational EBIT for the quarter was NOK -306 million.

The value-added processing segment achieved a record-high operational EBIT of NOK 410 million in the third quarter of 2025, aligning with the ambitious target set in 2022. The CEO highlighted strong growth in Asia and high demand for their products.

In the Wild Catch segment, operational EBIT was NOK 3 million in the third quarter, with record-high cod prices offsetting the decline in catch volumes. Expectations for 2026 include lower cost per kg in Farming and balanced salmon market conditions.

Lerøy Seafood Group anticipates lower cost per kg in Farming and continued growth in the value-added processing segment for 2026. Harvest volume for Norwegian operations remains steady at 195,000 GWT for 2025 and 2026, with total volume, including Scottish Seafarms, expected to reach 217,500 GWT in 2026.

Read more at GlobeNewswire: Farming negatively affected by low