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Proximar Seafood AS ( (DE:84Q) ) has issued an update.
Proximar Seafood AS reported strong first-quarter results for 2025, harvesting 322 tonnes of high-quality salmon and achieving premium pricing. Despite challenges with biofilter issues affecting growth rates, the company maintains high survival rates and has secured additional funding to support its operations. With biofilter repairs nearing completion and a strategic focus on ramping up production, Proximar is poised for positive earnings development and aims to reach full-scale capacity by 2027. The company’s successful market entry into Taiwan and premium pricing in Japan validate its business model and position it for further regional expansion.
More about Proximar Seafood AS
Proximar Seafood AS operates in the seafood industry, focusing on the production of premium Atlantic salmon. The company is strategically located at the foot of Mount Fuji, allowing it to serve the large and quality-conscious seafood market in Tokyo. As the only local producer of Atlantic salmon in Japan, Proximar is expanding its reach with recent exports to Taiwan, supported by a distribution agreement with Marubeni Corporation.
Average Trading Volume: 203,909
Current Market Cap: NOK483.4M
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