Thai Union Group said a bid by Japanese conglomerate Mitsubishi Corp. to increase its stake in the seafood giant has hit a roadblock. The offer by Mitsubishi to raise its interest in Thai Union to 20% - reported in August - fell short of the minimum acceptance condition, according to the seafood company. In a filing with the Stock Exchange of Thailand today (29 September), Thai Union said it had been informed by Mitsubishi that the offer lapsed because the number of shares tendered by shareholders during ...

Group 1 - Mowi's acquisition of a majority share in Nova Sea is under scrutiny by the European Commission, with the company aiming to increase its stake to 95% [1][2] - The European Commission is inviting comments from interested parties regarding the transaction, which could fall under the Merger Regulation [2] - Mowi plans to acquire Vigner Olaisen's 46% stake in Nova Sea for Nkr7.4 billion ($748 million), with 30% of the payment in Mowi shares and 70% in cash, valuing Nova Sea at Nkr16 billion [3][4] Group 2 - Mowi's business activities encompass the full value chain for Norwegian Farmed Atlantic Salmon, while Nova Sea is focused on farming and primary processing [4] - Mowi intends to extend a voluntary cash offer of Nkr800 million to shareholders owning the remaining 5% of Nova Sea [4] - Nova Sea is projected to harvest 52,000 tonnes of salmon in 2025, and combined with Mowi, they are expected to harvest 157,000 tonnes in northern Norway, contributing to a total of 367,000 tonnes in Norway and 572,000 tonnes globally [6] Group 3 - Mowi anticipates annual synergies of approximately Nkr400 million from the integration, driven by improved capacity utilization and targeted investments to enhance fish health [6] - Mowi CEO Ivan Vindheim highlighted Nova Sea's strong biological performance and industry-leading margins, emphasizing the significance of the acquisition after 30 years of collaboration [5] - Aino Olaisen, the chairman of Nova Sea's board, is proposed to join Mowi's board following the acquisition [5]

Vietnam urges the US to reconsider a ruling that effectively bans certain seafood exports, warning it could disrupt bilateral trade and cost the Southeast Asian nation’s seafood industry $500 million in annual losses https://t.co/fHJtOzyx7c ...

Group 1: Leadership Changes - Royal Greenland has appointed Toke Binzer as the new CEO, effective December 1, following the departure of Susanne Arfelt Rajamand in February [1] - Preben Sunke served as the interim CEO since Arfelt Rajamand's exit [1] - The chairman of the board, Niels Thomsen, expressed optimism about Binzer's leadership and experience [4] Group 2: Financial Performance - In the first half of 2025, Royal Greenland reported a revenue decline of 1.1% to DKr2.61 billion compared to the same period in 2024 [5] - The company achieved an EBIT profit of DKr27 million, recovering from an EBIT loss of DKr11 million in the previous year [5] - The EBIT margin improved to 1%, up from a negative 0.4% in the corresponding period [2] Group 3: Strategic Goals - Royal Greenland aims for an EBIT margin of 5% by 2027 and a pre-tax profit of DKr250 million ($39.3 million) [2] - The company is currently implementing a recovery program known as the 'back to black' turnaround strategy [1]

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]