Lerøy Seafood Group reports $56.4 million farming EBIT in Q4 as prices improve late in quarter.
Lerøy reported operational EBIT of NOK 564 million ($56.4 million) in its farming segment in the fourth quarter of 2025, down year-on-year, but said biological performance was better than expected and production costs declined quarter-on-quarter.
The company said salmon and trout prices improved significantly towards the end of the quarter following a year characterised by low market prices. Management added that Lerøy enters 2026 with a good biological situation across its farming operations.
At group level, operational EBIT totalled NOK 758 million ($75.8 million) in the quarter, supported by strong results in the value-added processing, sales and distribution segment.
For 2026, Lerøy expects lower cost per produced kilo in farming compared with 2025. Guided harvest volume in Norway is unchanged at 195,000 tonnes gutted weight (GWT). Including Lerøy’s share of Scottish Sea Farms, total harvest volume is expected to reach 216,500 GWT.
The company said high biological performance is contributing to strong harvest volumes, which may weigh on salmon prices in the near term, but is positive for longer-term production efficiency.