Lerøy Seafood Delivers Solid Q4 and Record VAP Profits Despite Wild Catch Weakness

Leroy Seafood Group ASA ( (GB:0GM2) ) has shared an update.

Lerøy Seafood Group reported operational EBIT of NOK 758 million for the fourth quarter of 2025, reflecting solid operations despite a year of generally low salmon prices. The performance was driven by strong contributions from farming and an exceptionally good quarter in the value-added processing, sales and distribution segment, underscoring the benefits of its integrated value chain.

In farming, operational EBIT reached NOK 564 million, slightly below last year, but biological performance exceeded expectations, costs fell quarter-on-quarter, and salmon and trout prices improved toward the end of the period. The VAP S&D segment delivered NOK 317 million in Q4 EBIT and NOK 1.29 billion for 2025, surpassing a key earnings target and marking its best year, while the wild catch segment posted a quarterly loss due to reduced quotas and high raw material prices.

Looking ahead, Lerøy expects lower farming costs per kilo and maintains its 2026 harvest guidance of 195,000 GWT in Norway, with total volumes including Scottish Sea Farms at 216,500 GWT. Management notes that strong biological conditions are supporting high harvest volumes and initially lower earnings, but they are seen as positive for long-term profitability and reinforce Lerøy’s position as a resilient, future-oriented seafood producer.

The most recent analyst rating on (GB:0GM2) stock is a Hold with a NOK46.00 price target. To see the full list of analyst forecasts on Leroy Seafood Group ASA stock, see the GB:0GM2 Stock Forecast page.

More about Leroy Seafood Group ASA

Lerøy Seafood Group ASA is a Norway-based seafood company with an integrated value chain spanning farming, wild catch, and value-added processing, sales and distribution. The group focuses primarily on salmon and trout production, complemented by whitefish and processed seafood products for global retail and foodservice markets.

Average Trading Volume: 560,630

Current Market Cap: NOK29.23B

For detailed information about 0GM2 stock, go to TipRanks’ Stock Analysis page.