Norway has reported “record” seafood export sales last year, driven by increased salmon volumes and higher prices for wild-caught species. According to data from the Norwegian Seafood Council (NSC), the country exported 2.8 million tonnes of seafood worth Nkr181.5bn ($17.9bn), up 4% on 2024. Salmon dominated exports, with 1,414,909 tonnes of the fish shipped. The exports were worth Nkr124.7bn, a 2% increase in value from 2024. Poland, the US and China were Norway’s largest markets. The US accounted fo ...

Harvest Volumes of Salmon and Trout - Total harvest volume of salmon and trout for Q4 2025 was 49,300 GWT, a decrease from 56,800 GWT in Q4 2024 [1] - For the full year 2025, harvested volume of salmon and trout was 195,600 GWT, an increase from 171,200 GWT in 2024 [1] - Harvest volumes by region/company for Q4 2025 included Lerøy Aurora at 16.4 GWT (up from 15.4 GWT), Lerøy Midt at 16.2 GWT (down from 22.6 GWT), and Lerøy Sjøtroll at 16.8 GWT (down from 18.8 GWT) [1] Catch Volumes of Wildfish - Total wild catch volumes in Lerøy Havfisk for Q4 2025 were 7.6 thousand tonnes, down from 9.8 thousand tonnes in Q4 2024 [2] - The catch volume for 2025 was 57,700 tonnes, a decrease from 65,000 tonnes in 2024 [2] Upcoming Report - The complete Q4 2025 report will be released on 24 February at 06:30 CET [3]

Harvest Volumes of Salmon and Trout - Total harvest volume of salmon and trout for Q3 2025 was 59,100 GWT, an increase from 51,400 GWT in Q3 2024, indicating a growth in production [1] - Harvest volumes by region/company for Q3 2025 include: - Lerøy Aurora: 20.1 GWT (up from 17.6 GWT in Q3 2024) - Lerøy Midt: 21.4 GWT (up from 16.9 GWT in Q3 2024) - Lerøy Sjøtroll: 17.6 GWT (of which 10.4 GWT was trout, compared to 16.8 GWT in Q3 2024, of which 6.8 GWT was trout) [1] Catch Volumes of Wildfish - Total wild catch volumes in Lerøy Havfisk for Q3 2025 were 13.5 thousand tonnes, slightly up from 13.3 thousand tonnes in Q3 2024 - Cod catch in Q3 2025 was 1.2 thousand tonnes, down from 1.5 thousand tonnes in Q3 2024 [1]

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].