en.Wedoany.com Reported - Norwegian company Grieg Seafood reported an operational profit of NOK 433 million (approximately USD 41 million) for the 2025 fiscal year, equivalent to NOK 14.2 per kilogram. The company completed the divestment of its operations in Finnmark, British Columbia, and Newfoundland to Cermaq Group on December 29, 2025, with an enterprise value of NOK 10.2 billion.
Grieg Seafood used the proceeds from the sale to repay all legacy debt and ended the year with a cash balance of NOK 5 billion. CEO Nina Willumsen Grieg stated, "After careful consideration, the company has decided to focus its operations on the Rogaland region, where biological results are strongest and cost positioning is most competitive."
In the Rogaland region, Grieg Seafood harvested a record 30,462 tons of salmon, approximately 500 tons above the initial guidance. Farming costs in the region improved to NOK 61.4 per kilogram, while the operational profit reached NOK 19.1 per kilogram. The company focused on its post-smolt strategy as a key driver for future development, transferring larger smolts with an average weight of 1,000 grams to sea in 2025, up from 700 grams in 2024.
Larger post-smolts spent 36% fewer days at sea, reducing sea lice treatment requirements by 50% over their lifecycle. This technology improves both cost positioning and the ability to safeguard fish welfare. In the fourth quarter of 2025, the company completed the construction of its secondary processing facility at Oslo Airport Gardermoen. The plant has a capacity of 10,000 tons and is expected to enhance salmon value through increased processing.
Grieg Seafood expects its 2026 harvest to reach 31,000 tons as global supply growth slows. According to the company's report, the forward price for 2026 is currently around EUR 7.60 per kilogram. The company's strategic adjustments and operational optimizations in the Rogaland region help consolidate its position in the salmon farming market.
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