Samherji hf. delivered strong financial results in 2025. Group revenues amounted to €542 million, and earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to €73.9 million, an increase of €12.5 million year-on-year.

Samherji has completed the acquisition of a 49% stake in the Norwegian production company Berg LipidTech AS in Ålesund. The company produces fish oil for the wholesale market, mainly from cod liver and salmon, and sells its products worldwide. The acquisition creates opportunities for further processing of Samherji's byproducts while strengthening Berg LipidTech's competitiveness through a more stable supply of quality raw materials. The investment will move Samherji further up the seafood value chain.

We wish you and your family a Merry Christmas and a Happy New Year, with thanks for a good cooperation.

Samherji hf. reported an operating profit of EUR 42.4 million in 2024, a year-on-year decrease of EUR 12 million. Net profit, including the share of profit from associated companies and financial items, amounted to EUR 45.6 million after taxes, compared to EUR 58.7 million in 2023.

The issue of new shares in Samherji Fish Farming through equity private placement for financing the Salmon Garden, a new land-based salmon farming facility in Reykjanes, has been increased to EUR 210 million from EUR 125 million following strong investor demand.

Baldvin Thorsteinsson today assumed the role of CEO of Samherji hf., succeeding his father, Thorsteinn Már Baldvinsson, who has stepped down after 42 years as CEO, having led the company since its founding in 1983.

Thorsteinn Már Baldvinsson, the CEO of Samherji, wrote a letter to all employees this morning, informing them of his decision to step down as CEO next June. The letter is as follows:

Samherji Fish Farming, a subsidiary of Samherji hf., has completed financing of the first phase of the Salmon Garden, a new land-based fish farming facility on the Reykjanes Peninsula in Iceland. The funding, secured through an equity private placement and a syndicated loan, totals EUR 235 million. Once fully scaled, the facility will directly create 100 new jobs, with a similar number of indirect jobs expected through associated services and industries.

We wish you and your family a Merry Christmas and a Happy New Year, with thanks for a good cooperation.

Today, judgment was handed down in the UK in a case brought by Samherji hf. for infringement of its trademark rights. The court upheld all of Samherji's claims.