BioMar feed volumes rise 13 percent in 2025 as company gains market share.
Aquaculture feed producer BioMar reported a 13 percent increase in feed volumes in 2025, reaching 1.56 million tonnes, according to the company’s annual report.
Growth was led by a 31 percent increase in shrimp feed volumes, while salmon feed volumes rose 8 percent and the company’s Selected Species segment expanded by 11 percent. Volumes in BioMar’s joint ventures in China and Türkiye increased by 21 percent.
“We have an unwavering focus on building up business with the right customers,” said CEO Carlos Diaz. “We have not just gained market share but built up even stronger long-term partnerships with customers across the globe with whom we share a passion for building efficient and sustainable aquaculture.”
Diaz said the additional volumes were primarily driven by customers investing in new production standards for the industry.
Despite higher volumes, BioMar’s earnings before interest and tax (EBIT) were broadly in line with 2024 levels. Return on invested capital increased to 23.6 percent in 2025, up from 21.2 percent the previous year.
The company said its Tech Solutions segment made a meaningful contribution to earnings for the first time following several years of investment in research and development, organisational expansion and global sales capabilities.
“We have during the last years invested in building up the Tech Solutions segment, enhanced our R&D capabilities, organisation and global sales presence,” Diaz said. “Looking back at 2025, it is rewarding to see how our strategic commitment to future-proofing the company by advancing feed solutions technology is gaining momentum and beginning to contribute to our earnings.”
During the year, BioMar acquired full ownership of its operations in Ecuador and Costa Rica and expanded research capacity for salmon in Norway through the purchase of the remaining shares in the research company LetSea.
The company also plans to launch new production lines in China and Ecuador in 2026 while continuing to invest in existing facilities and new technologies.
Diaz said 2026 would be a transition year as the company prepares to meet its mid-term goal of growing feed volumes organically by 4 to 6 percent per year on average through 2030.
BioMar’s parent company, Schouw & Co., is currently evaluating a potential separate listing of BioMar.