Grieg, Måsøval experience reduced Q3 2025 harvests; Lerøy, Bakkafrost report larger volumes

Bakkafrost processing workers
Bakkafrost experienced year-over-year harvest gains in its Faroese operations in Q3 2025 | Photo courtesy of Bakkafrost
6 Min

In its latest trading update, Bergen, Norway-headquartered Grieg Seafood announced it harvested approximately 6,800 gutted weight tons (GWT) of Atlantic salmon in the third quarter of 2025, which equated to a 1,200-GWT deficit on the firm’s previous guidance for the period.

Grieg attributed the shortfall to elevated seawater temperatures and advised that long-term fish welfare and optimization of its biomass remain its priorities. The company also expects that earlier harvesting conducted in the quarter from “cost-intensive” sites will position it for improvements in Q4 and next year.

Elsewhere in the period, Grieg confirmed that smolt company Tytlandsvik Aqua, which it co-owns with Bremnes Seashore and Vesthavbruk, is proceeding with its planned expansion. Construction work on halls 5 and 6 at its post-smolt facility will start in March 2026, with the aim to have the first smolt installations in Hall 5 by August 2027 and in Hall 6 by September 2028.

Commenting on the quarter, Grieg Seafood CEO Nina Willumsen Grieg said that post-smolt work the firm has undergone over many years, such as with its Tytlandsvik venture, is yielding good results.

“Our experience shows that when large post-smolt is released into the sea, mortality is halved. We also see that it significantly improves lice control. In recent years, around 60 percent of the company's fish have not needed lice treatment at all due to the use of large post-smolt together with other preventive measures,” she said.

The company’s full Q3 report will be published 13 November.

Frøya, Norway-based Måsøval also reported a lower harvest than expected in Q3, posting 6,022 GWT in the three-month period, which was down from 7,138 GWT in Q3 2024.

Måsøval will issue its complete Q3 report on 18 November.

Bergen-headquartered salmon-farming firm Lerøy Seafood Group (LSG) saw year-over-year harvest gains in Q3, producing approximately 59,100 GWT of salmon and trout in the period. That volume was up 7,700 GWT on the corresponding period of 2024. The totals for both reporting periods exclude harvests from LSG’s 50 percent stake in Scottish Seafarms.

According to the company’s trading update for the period, its Lerøy Midt operations harvested 41,400 GWT, Lerøy Aurora harvested 20,100 GWT, and Lerøy Sjøtroll harvested 17,600 GWT, of which 10,400 GWT was trout.

In August, LSG estimated a total 2025 salmon and trout harvest volume of 211,000 GWT. This, it estimated, would comprise 195,000 GWT from Norway, plus a 16,000 GWT share from Scottish Sea Farms.

LSG’s wild-caught production in Q3 2025, conducted by its Lerøy Havfisk arm, totaled 13,500 metric tons (MT), representing a decrease of 200 MT year over year.

Lerøy’s complete Q3 2025 report will be released on 12 November.

Faroe Islands-based Bakkafrost Group’s new trading update showed a total Q3 2025 harvest of 30,700 MT of head-on gutted (HOG) salmon, up from 27,000 MT in the same period a year previously. Its Faroese operations contributed 25,400 MT and its Scottish farms harvested 5,300 MT. In the corresponding quarter of last year, the group reported volumes of approximately 21,600 MT and 5,400 MT, respectively.

Its latest update also noted the average weight of its fish in the three-month period were around 5.2 kilograms in the Faroes and 4.8 kilograms in Scotland.

In August, following stronger biological performances in both regions, Bakkafrost increased its overall harvest guidance for the full year of 2025 by 7 percent to 104,000 GWT, with 82,000 GWT expected from the Faroes and 22,000 GWT from Scotland. Its longer-term target is to reach 162,000 GWT by 2030.

Bakkafrost’s full Q3 2025 report will be released 4 November. 

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