Bakkafrost posts Q4 operational EBIT of DKK 295m ($47.2m), but Scotland loss widens.
Bakkafrost reported total operational EBIT of DKK 295 million ($47.2 million) in the fourth quarter of 2025, up from DKK 280 million ($44.8 million) a year earlier, driven by strong performance in the Faroe Islands while Scottish operations remained loss-making.
Revenues in Scotland increased to DKK 303 million ($48.5 million) from DKK 286 million ($45.8 million), but operational EBIT widened to a loss of DKK 97 million ($15.5 million), compared with a loss of DKK 31 million ($5.0 million) in Q4 2024.
The company said Scottish results were impacted by harvesting and emptying of the Portree farming site in October following a Pasteurella outbreak previously disclosed in the third quarter. Incident-based costs in the Scottish farming segment totalled DKK 55 million ($8.8 million) in Q4.
Bakkafrost harvested 4,579 tonnes gutted weight in Scotland in the quarter, up from 3,840 tonnes a year earlier, and expects to harvest around 20,000 tonnes gutted weight in Scotland in 2026.
Group chief executive Regin Jacobsen said biological performance across Scottish sites improved through the quarter excluding Portree, while the ramp-up of the Applecross hatchery is supporting increasing volumes of large, high-quality smolt.
The board proposes a dividend of DKK 3.45 ($0.55) per share for 2025.