Land-based turbot and sole producer Stolt Sea Farm saw its revenue and profit increase in Q1 2026.
According to the Q1 2026 financial report issued by Stolt-Nielsen Limited, the parent company of Stolt Sea Farm, the company posted revenue of USD 41.7 million (EUR 35.3 million) in Q1 2026, which was up from the USD 31.6 million (EUR 26.8 million) that it posted in Q1 2025. Its gross profit, excluding fair value adjustment, increased to USD 16.7 million (EUR 14.2 million), up from USD 10.4 million (EUR 8.8 million) in the same period last year.
The company’s operating profit during the quarter reached USD 12.4 million (EUR 10.5 million), the report said.
Stolt-Nielsen did not report in detail on the company’s results, but Stolt-Nielsen CFO Jens F. Grüner-Hegge said during the company’s financial results call that Stolt Sea Farm’s performance was strong, partly thanks to the holiday season.
"We have a seasonally strong Christmas season where you have good volumes that are being sold, particularly in December, which afterward tapers off a little bit in the new year typically,” he said. “This quarter we saw good movement in prices, and that is reflected in the improvement in the results.”
Grüner-Hegge said that price improvement was the main driver of the higher profits and revenue in the quarter compared to prior Q1s.
“We’ve elected not to report in detail on Stolt Sea Farm,” Grüner-Hegge said, largely because Stolt-Nielsen is a fossil fuel shipment company that is currently dealing with the turmoil caused by the U.S. war with Iran and the disruptions to shipping it has caused.
“In this presentation itself, we wanted to focus on the liquid logistics, which is really the bulk of the company’s assets and what drives the performance of the company – particularly in times like this when you have disruptions in the global supply chains,” he said.
Grüner-Hegge said despite that, it's “nice to have a business like Stolt Sea Farm” during the turmoil in the other parts of the business.
“It’s nice to have a business like Stolt Sea Farm contributing steadily to the overall performance of the group,” he said.
Stolt Sea Farm produces turbot and sole in a land-based recirculating aquaculture system facility located in Spain. The company also recently broke ground on a new processing and research and development center.
