Faroese salmon farmer Bakkafrost has reported a lower-than-expected preliminary operational EBIT (earnings before interest and tax) of around DKK65 million ($10.1 million) for the second quarter of 2025.
The company cited weak salmon prices and disease challenges in its Scottish operations as the main reasons for the result. The Scottish farming segment recorded an operational EBIT of negative DKK127 million, while the Scottish freshwater segment posted a loss of DKK72 million.
Bakkafrost stated that its Scottish segments had challenges with diseases during the quarter which have continued into July. As a consequence, exceptional mortality and write-down costs of DKK93 million have been booked against the Scottish operations.
In contrast, the company's Faroese operations performed well, and its fishmeal, oil, and feed (FOF) division was the strongest performer with an operational EBIT of DKK89 million.
The company’s full second-quarter report will be released on August 26.