Stolt Sea Farm Q2 2025 profit falls despite record-high prices

Stolt Sea Farm reported a second-quarter operating profit of $6.6 million before fair value adjustment of biomass, down from $8.2 million in the same quarter of 2024. The company's revenue for the quarter also fell to $29.7 million from $31.6 million last year.

The company stated that sales prices for both its key species, turbot and sole, continued to be strong, increasing by 5.7 per cent and 7.2 per cent respectively year-on-year. However, sales volumes for both species decreased as the company focused on rebuilding biomass following strong sales in the first quarter.

The drop in profit was attributed predominantly to higher operating, administrative, and general expenses. Udo Lange, Chief Executive Officer of parent company Stolt-Nielsen, stated that inventory levels remained tight through the second quarter, which helped maintain sales prices at "record-high levels" ahead of the peak summer season.

The fair value adjustment of biomass resulted in a loss of $1.1 million for the quarter.