Bakkafrost Posts Solid Q1 Harvests but Faces Freshwater Costs in Scotland

Bakkafrost P/F ( (GB:0MQ2) ) just unveiled an announcement.

Bakkafrost reported preliminary Q1 2026 operational figures showing harvest volumes of 25.1 thousand tonnes HOG in the Faroe Islands and 6.2 thousand tonnes in Scotland, with average fish weights around 5.8 kg and 6.4 kg respectively. Incident-based mortality costs were minimal in Faroese farming and modest in Scotland, while freshwater operations released 3.9 million smolt in the Faroe Islands and 1.0 million in Scotland, though Scotland incurred 15 mDKK in freshwater mortality costs.

In its Fishmeal, Oil and Feed segment, Bakkafrost sourced 51.0 thousand tonnes of marine raw material and sold 35.4 thousand tonnes of feed in Q1, alongside limited fish meal sales and no fish oil sales, underscoring the group’s integrated supply model. The operational update provides stakeholders with early insight into biological performance and cost impacts across regions ahead of the full Q1 2026 financial report due in May, highlighting both stable harvesting in the Faroe Islands and ongoing cost challenges in Scottish freshwater operations.

The most recent analyst rating on (GB:0MQ2) stock is a Buy with a NOK530.00 price target. To see the full list of analyst forecasts on Bakkafrost P/F stock, see the GB:0MQ2 Stock Forecast page.

More about Bakkafrost P/F

Bakkafrost P/F is a vertically integrated aquaculture company focused on salmon farming in the Faroe Islands and Scotland, supported by freshwater smolt production and its own fishmeal, oil and feed operations. The company supplies farmed salmon and related products to international markets, leveraging control of its value chain from feed sourcing to harvesting.

Average Trading Volume: 135,076

Current Market Cap: NOK26.85B

See more data about 0MQ2 stock on TipRanks’ Stock Analysis page.