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Market – August 6, 2025

AquaBounty shifts strategy following Indiana and Canada exits

This 2010 handout photo provided by AquaBounty Technologies shows two same-age salmon, a genetically modified salmon, rear, and a non-genetically modified salmon, foreground. Genetically engineered salmon created in Canada is the first transgenic animal to make it onto a menu, after the US Food and Drug Administration found the fish will have no significant environmental impact. Canada followed suit six months later. Photo: AquaBounty Technologies/ MacKay Photography

AquaBounty posts Q2 loss following asset sales and strategic shift.

AquaBounty Technologies reported a net loss of $3.4 million for the second quarter of 2025, following the sale of its Indiana and Canadian farms and a broader shift in operational focus.

The genetically modified salmon producer recorded no revenue for the period ending 30 June, down from $788,000 in Q2 2024, due to the discontinuation of farming operations. Net losses narrowed by 93% year-on-year, reflecting reduced operating and impairment expenses.

The company has paused construction of its Ohio Farm and is now focused on selling non-core assets to generate liquidity. It has also significantly reduced headcount, retaining only a small core team.

AquaBounty is working with an investment bank to explore strategic alternatives for the Ohio site, including potential partnerships or investment opportunities.

The company recorded a non-cash impairment charge on its Ohio equipment assets during the quarter and continues to pursue cost reductions across legal, personnel, and general expenses.

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