Aarhus, Denmark-headquartered aquaculture feed company BioMar Group posted increased sales volumes and revenue in Q1 2025, but lower earnings.
The company sold 294,000 metric tons (MT) of product in Q1 2025, up 12 percent from the 262,000 MT it sold in the same period of 2024. The company’s revenue also increased, reaching just under DKK 3.9 billion (USD 375 million;EUR 331 million), up from DKK 3.24 billion (USD 311 million; EUR 275 million).
BioMar said the volume increase came across all of its feed segments. Salmon feed volumes increased by 7 percent, selected species increased by 13 percent, and shrimp feed sales volumes increased by 24 percent driven by the business in Ecuador.
"I am pleased to conclude that every segment experienced growth in both volume and revenue,” BioMar CEO Carlos Diaz said. “In 2024, we intensified our efforts on product mix and commercial excellence, prioritizing the creation of shared value with our customers over sheer volume. We are now leveraging this foundation to foster further business growth."
Diaz said that the feed businesses are continuing to see positive momentum, and BioMar’s growing tech segment is also beginning to show positive signs as its Q1 2025 earnings contributed positively to the company’s bottom line. In Q1 2024, the segment posted a loss, but in Q1 2025 it contributed DKK 13 million (USD 1.2 million; EUR 1.1 million) to the company’s EBITDA as its revenue more than doubled.
“We see that the shrimp farmers are looking for investments in technology that can increase production efficiency and improve total economic performance,” Diaz said...
