Core Viewpoint - The company reported strong financial performance in the first half of 2025, with normalized profit before tax doubling year-on-year and significant sales growth across various divisions [1][8]. Financial Performance - Group sales for Q2 2025 reached €114.6 million, a 17% increase compared to Q2 2024 [2]. - Normalized profit before tax for 1H 2025 was €2.3 million, up from €1.1 million in 1H 2024 [8]. - Total sales for 1H 2025 amounted to €233.8 million, reflecting a 10% increase from 1H 2024 [8]. - EBITDA for 1H 2025 was €9.2 million, up from €5 million in 1H 2024 [8]. - Net profit improved to €1.1 million in 1H 2025, compared to a loss of €0.7 million in 1H 2024 [8]. Division Performance - The VA S-Europe division reported sales of €52.9 million in Q2 2025, a 3% increase from Q2 2024, with strong sales of premium products like cod [3]. - The VA N-Europe division achieved sales of €14.3 million in Q2 2025, a 5% rise from the same quarter last year, with pre-tax profit improving to €0.4 million from a loss of €0.1 million [4]. - The S&D division maintained strong sales momentum, particularly from frozen-at-sea products driven by high cod demand [5]. Market Outlook - The normalized profit before tax outlook for 2025 remains between €7.5 million and €9.5 million, with expectations of stable salmon prices and high cod prices [6][9]. - The CEO noted that strong demand for cod and record-high prices were driven by the U.S. ban on Russian fish and quota reductions in key fishing areas [7]. Strategic Initiatives - The company is focused on enhancing the performance of existing business units and optimizing its capital structure [11]. - An important step was taken to strengthen operations in Argentina by signing an offer letter to acquire two vessels, aiming to leverage existing expertise in the region [11]. - The company has begun selling and marketing Icelandic salmon, with plans for expansion as salmon farming grows in Iceland [11].

Core Insights - Blue Star Foods Corp. is focusing on improving revenue growth through strategic partnerships and product initiatives, particularly with KeHE and the relaunch of the Crab Meat Pouch & Meals [2] - The company has successfully reduced operating expenses to align with revenue levels, leading to a decrease in losses [2] Financial Performance - Revenues increased by 85% to $1,172,340 due to higher inventory sales and increased pricing [6] - Gross profit surged by 532% to $252,690 [6] - Operating loss decreased by 44% to $493,875, which includes $138,012 of non-cash expenses [6] - Adjusted EBITDA loss improved to $355,863 [6] - Net loss decreased by 68% to $651,818, including $276,024 of non-cash expenses [6] Company Overview - Blue Star Foods Corp. is an integrated ESG sustainable seafood company specializing in Recirculatory Aquaculture Systems (RAS) [4] - The company processes, packages, and sells high-value seafood products and operates the oldest continuously running RAS full grow-out salmon farm in North America [4]

Core Insights - Lerøy Seafood Group ASA (LSG) reported solid operational results across all segments in Q2 2025, achieving an operational EBIT of NOK 680 million, demonstrating the robustness of its fully integrated value chain in the seafood industry [1][8]. Farming Segment - The Farming segment recorded an operational EBIT of NOK 256 million in Q2 2025, with strong biological performance reflected in high survival rates, superior quality share, and increased average harvest weight, while costs per kg are declining [2][3]. - Despite strong biological performance, low prices for salmon and trout due to increased supply growth impacted results, although contracts provided some earnings stability [4][3]. VAP S&D Segment - The VAP S&D segment achieved an operational EBIT of NOK 351 million in Q2 2025, marking the tenth consecutive quarter of growth in 12-month rolling operational EBIT [5]. - The segment's positive development is driven by improved capacity utilization and strengthened relationships with key customers, moving closer to the target of NOK 1,250 million in operational EBIT for 2025 [6]. Wild Catch Segment - The Wild Catch segment delivered an operational result of NOK 148 million in Q2 2025, with historically high prices for cod, although there are prospects for further reductions in cod quotas in 2026, posing challenges for whitefish factories [7]. - The segment's performance is expected to face challenges ahead due to reliance on volumes for profitability [7]. Strategic Outlook - The company is optimistic about future development, entering a new strategy period with new targets to be set, while maintaining a strong position with strategic customers amid strong global demand for seafood [8].

Group 1 - Lerøy Seafood Group ASA will present its Q2 2025 results on 20 August 2025 at Scandic Flesland Airport hotel in Bergen at 08:45 CET during the event "Vestland på Børs" [1] - The presentation will be conducted in Norwegian and will include a Q&A session [1] - The quarterly report and presentation will be published at 06:30 CET on the same day [1] Group 2 - An English recording of the presentation will be available from 13:15 CET on the company's investor website [2] - This information is subject to the disclosure requirements under Section 5-12 of the Norwegian Securities Trading Act [2]

Investment & Acquisition - Mitsubishi aims to acquire an additional 13.81% stake in Thai Union [1] - The acquisition cost is $205 million [1] Strategic Collaboration - Mitsubishi intends to deepen collaboration with Thai Union [1]

Core Insights - THORPESCA S.A.S., a new Argentinian subsidiary of Iceland Seafood Ibérica, has signed an offer letter to acquire two freezer fishing vessels for a total price of USD 5.8 million [1] Company Operations - Iceland Seafood Ibérica operates in Argentina through its subsidiary Achernar, which specializes in land-frozen Argentine Red Shrimp and has undergone significant modernization since its acquisition in 2017 [2] - Achernar is one of the few companies certified by the Marine Stewardship Council (MSC) for sustainable sourcing of Rawson shrimp [2] Strategic Importance of the Acquisition - The acquisition of the two vessels aligns with Iceland Seafood Ibérica's long-term strategic goals, focusing on strengthening operations in Argentina and expanding sales capabilities [3] - Ownership of the trawlers allows for direct control over raw material sourcing and enhances vertical integration in the wild shrimp value chain [4] - This move is expected to enhance supply chain resilience and open new avenues for selling higher-value, sea-frozen shrimp [4] Strategic Roadmap - The acquisition is part of Iceland Seafood International's strategic roadmap approved in 2024, which emphasizes targeted investments in Argentina to strengthen the group's regional footprint [5] - This acquisition is a significant step in enhancing Iceland Seafood Ibérica's operational capabilities and competitive position in the global shrimp market [5]

Core Viewpoint - Iceland Seafood Ibérica has signed a purchase agreement to acquire two fishing trawlers, ENTRENA UNO and ENTRENA DOS, for a total price of $5.8 million, which supports its long-term strategy in Argentina and enhances its shrimp supply capabilities [1][3][5] Group 1: Company Strategy - The acquisition of the two trawlers is part of Iceland Seafood Ibérica's strategy to strengthen its operations in Argentina and increase the supply of Argentine shrimp [3][5] - The company aims to leverage its extensive experience in land-frozen wild shrimp and improve access to high-quality, frozen-at-sea shrimp, which has a higher market value [3][4] Group 2: Operational Integration - Ownership of the trawlers provides direct access to raw materials and contributes to vertical integration in the wild shrimp value chain, enhancing the supply chain and supporting existing land processing operations [4][5] - The purchase is aligned with Iceland Seafood International's strategic initiatives approved in 2024, focusing on targeted investments in Argentina to strengthen the group's position and current operations in the region [4]

Group 1 - The successful refinancing of Iceland Seafood International hf. (ISI hf.) has significantly strengthened the company's financial position through debt restructuring, interest rate reduction, and enhanced liquidity [1][2] - The primary refinancing involved the issuance of the ICESEA 28 10 bond with a maturity of 3.5 years, reducing short-term debt by EUR 27.6 million and increasing long-term debt [1][3] - The effective interest rate after refinancing is approximately 5.2%, a substantial decrease from the previous bond's 13% flat interest rate [1][3] Group 2 - The refinancing of foreign bank loans has reduced credit margins by 0.5–1.0 percentage points, simplifying the Group's loan structure and improving operational efficiency [2] - Following the refinancing, ISI hf.'s long-term debt is now approximately EUR 35 million, indicating a better balance between long- and short-term liabilities [3] - CEO Ægir Páll Friðbertsson expressed confidence in the company's solid foundation for continued operations and future growth due to the simplified debt structure and lower interest burden [4]

A Maryland summer wouldn't be complete without blue crabs on the menu. A cornerstone of the state's culture and economy. I think it's just the culture, too. Like all of us sitting at the table, like just it's just family time.It's also a lifeline for thousands of watermen, reeling in tens of millions of dollars for the region annually. But the iconic catch is in trouble. This year's population numbers are the second lowest on record since the survey began in 1990.Very feisty little guy here. The juvenile cr ...

Trade Policy - China partially lifts ban on Japanese seafood imports [1]