Core Insights - The third quarter performance of Brim hf. is strong, driven by successful mackerel fishing and high seafood prices, with a return on equity of 12% over the past 12 months [2] Financial Performance - Revenue for the first nine months of 2025 reached €295 million, up from €284 million in the previous year [7] - EBITDA for the same period was €69 million, representing 23.2% of operating revenue, compared to €47 million or 16.6% the previous year [7] - Profit before tax for the first nine months was €48 million, an increase from €28 million in the same period of 2024 [8] - The net profit for the period was €40 million, up from €24 million the previous year [8] - The third quarter revenue was €111 million, slightly up from €110 million in Q3 2024, with a profit of €29 million compared to €19 million in the same quarter of the previous year [9] Operational Highlights - The company’s catch of bottom trawlers was 12,000 tons in Q3, down from 14,000 tons the previous year, with one less bottom trawler operating [3] - Mackerel catch from pelagic vessels was 18,600 tons, with strong processing performance and high market prices [4] - The total catch of blue whiting was 10,300 tons, and herring catch was 10,700 tons, including 3,100 tons of Icelandic herring [5] Strategic Developments - On September 23, the company announced a bid for the entire share capital of Lýsi hf. for 24.7 billion ISK (approximately €173 million), aiming to enhance raw material sourcing and extend its value chain in seafood [6] Balance Sheet Overview - Total assets at the end of Q3 2025 were €983 million, with fixed assets of €809 million and current assets of €173 million [10] - Equity amounted to €505 million, with an equity ratio of 51.4%, up from 49.1% at the end of 2024 [10] - Total liabilities were €478 million, decreasing by €29 million since the beginning of the year [10] Cash Flow Analysis - Cash flow from operations was €23 million for the first nine months, slightly up from €22 million in the same period of 2024 [11] - Investment activities were positive by €4 million, while financing activities were negative by €53 million [11] - Cash decreased by €28 million, totaling €24 million at the end of the period [11] Shareholder Information - The closing share price on September 30, 2025, was 62.5 ISK per share, with a market capitalization of 120 billion ISK [13]

Group 1 - The article highlights China's international training and exchange activities in fisheries education, promoting sustainable development and technology sharing with countries like Indonesia, Ghana, and Laos [1][6] - The "New Quality Craftsman" vocational skills training program in Dalian focuses on sustainable marine fisheries, offering courses in marine aquaculture and fishery management to Indonesian participants [2][5] - The training program includes practical experiences, allowing participants to learn about China's fishery systems and policies, enhancing their ability to apply this knowledge back in their home countries [2][3] Group 2 - The article discusses the advanced cold storage technology in Chinese fishing vessels, which can reach temperatures of -40 degrees Celsius, significantly better than Indonesia's typical -20 degrees Celsius, thus improving fish preservation [4] - The training experience has inspired participants like Muhammad Romi Fazi to promote collaboration with Chinese companies to adopt advanced technologies in Indonesia's fisheries [4][5] - The article emphasizes the importance of the collaboration between government, universities, and enterprises in China, which serves as a model for Indonesia to enhance its fishery sector [5] Group 3 - The article mentions Ghana's efforts to learn from China's experience in marine ecological farming and port economic zones to improve local fisheries and reduce poverty [6] - Grace Afumwa Buma, a lecturer from Ghana, highlights her experiences in China and the importance of applying learned knowledge to enhance local aquaculture practices [6][7] - The article illustrates the close relationship between research institutions and industry in China, which allows for timely application of research outcomes in aquaculture [7] Group 4 - The article describes the international training program in Laos, focusing on fishery resource conservation and aquaculture technology, attended by over 50 participants from various countries [8][9] - The training addresses challenges faced by Laotian fish farmers, such as lack of scientific management and equipment, and promotes the adoption of new techniques [9][10] - The article highlights successful collaborative projects between China and Laos, including fish species release initiatives that enhance local aquatic biodiversity and benefit local fishermen [9][10]

Core Viewpoint - The article discusses the severe decline of fishery resources in Zhoushan, China, primarily due to overfishing and its impact on local fishermen's livelihoods [1][3][4]. Group 1: Fishery Resource Decline - Zhoushan is known as China's largest seafood production and processing base, but overfishing since the 1970s has led to a significant reduction in key fish species [1][3]. - The average annual decline of marine fishery resources in China decreased from 13% (2013-2017) to 4% (2018-2022), yet the overall trend remains negative due to various factors including climate change and pollution [3][4]. - Local fishermen report a continuous decrease in catch efficiency, with about 10% of "cage boats" unable to sustain operations in recent years [1][4]. Group 2: Causes of Overfishing - Overfishing is attributed to excessive fishing intensity, characterized by an increase in the number of fishing vessels and advancements in fishing technology [3][4][5]. - The fishing fleet has evolved from wooden sailboats to larger, more efficient steel vessels, leading to higher catch rates and ecological damage [3][4]. - The phenomenon of "ghost fishing gear" contributes to ongoing resource depletion, with an estimated 64,000 tons of fishing gear abandoned in oceans annually [12]. Group 3: Economic Impact on Fishermen - Fishermen face declining fish prices and demand, exacerbated by events such as the Fukushima nuclear wastewater incident, which has deterred consumers from purchasing seafood [4][10]. - The cost of labor has nearly doubled over the past five years, while revenues have decreased, leading to unsustainable operations for many fishermen [5][10]. - Fishermen like Shen Ke are forced to adapt by engaging in distant water fishing, but overall, the traditional fishing industry is in crisis [5][10]. Group 4: Policy and Management Challenges - The lack of legal recognition for fishermen complicates the management of fishing resources, as anyone can fish without restrictions [7][8]. - The privatization of fishing rights has led to resource concentration among a few individuals, increasing competition and fishing intensity [8][9]. - Sustainable management practices, such as fishing quotas and community-based resource management, are suggested as potential solutions to the crisis [9][14]. Group 5: Marine Conservation Efforts - Local organizations are working to raise public awareness about marine conservation, with significant increases in volunteer participation in environmental activities [13][14]. - Policies have been implemented to promote marine ecological restoration, including the establishment of marine protected areas and investment in artificial reefs [14][15]. - The article emphasizes the need for long-term commitment to marine protection and the integration of various management strategies to achieve sustainable development [15].

Group 1 - The European Commission President Ursula von der Leyen announced an investment of €1 billion to promote sustainable fisheries and the regeneration of marine ecosystems [1]