Business
Lerøy Seafood Group ASA: Farming negatively affected by low salmon prices, but strong earnings in VAPS&D
Operational EBIT in the third quarter of 2025 was NOK 15 million, reflecting a challenging quarter for the Farming segment with low salmon prices and difficult biological conditions driven by high sea temperatures. Looking at the year, however, the development in Farming remains positive. The value-added processing, sales and distribution (VAPS&D) segment delivered very strong results in the quarter, says CEO of Lerøy Seafood Group, Henning Beltestad. FARMING: GOOD BIOLOGICAL PERFORMANCE SO FAR
About this update from Leroy Seafood Group Asa
[{"type":"image","alt":"Lerøy Seafood Group ASA","displaySize":"","headline":null,"caption":"Lerøy Seafood Group ASA","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":159,"url":"https://media.zenfs.com/en/globenewswire.com/ffcbb3b3c6796dd417e99bc28c262b1e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/qvHtCgYyurCO3wUzUHtWng--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIyMztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/ffcbb3b3c6796dd417e99bc28c262b1e","width":300,"height":159}},"lazy":false},{"type":"text","content":"Operational EBIT in the third quarter of 2025 was NOK 15 million, reflecting a challenging quarter for the Farming segment with low salmon prices and difficult biological conditions driven by high sea temperatures. Looking at the year, however, the development in Farming remains positive. The value-added processing, sales and distribution (VAPS&D) segment delivered very strong results in the quarter, says CEO of Lerøy Seafood Group, Henning Beltestad.","length":459,"tagName":"p"},{"type":"text","content":"FARMING: GOOD BIOLOGICAL PERFORMANCE SO FAR THIS YEAR, DESPITE A CHALLENGING THIRD QUARTER","length":90,"tagName":"p"},{"type":"text","content":"Operational EBIT for the third quarter of 2025 ended at NOK -306 million in the Farming segment.","length":96,"tagName":"p"},{"type":"text","content":"“The spot price for salmon in the third quarter was NOK 8 per kg lower than in the same period last year. As previously communicated, cost per kg is higher than in the previous quarter, driven by high sea temperatures and significant sea lice pressure. This has resulted in a weak quarter for Farming, but viewed over a longer period, we are heading in the right direction. The measures we have implemented are showing clear improvements,” continues the CEO.","length":458,"tagName":"p"},{"type":"text","content":"VAPS&D: LAST 12 MONTHS’ EARNINGS IN LINE WITH AMBITIOUS TARGET","length":66,"tagName":"p"},{"type":"text","content":"The segment’s operational EBIT reached a record-high NOK 410 million in the third quarter of 2025. This means the 12-month rolling operational EBIT is in line with the ambitious target of NOK 1,250 million announced in 2022.","length":224,"tagName":"p"},{"type":"text","content":"“This segment continues its strong development. We see high demand for our value chain and strong gro...