Land-based turbot and sole producer Stolt Sea Farm saw another quarter of increased revenue and profit in Q2 2026 and inaugurated a hatchery that completed construction.
An earnings release by its parent company Stolt-Nielsen Limited indicated Stolt Sea Farm saw revenues of USD 35.2 million (EUR 30.8 million) in Q2 2026, up from the USD 29.7 million (EUR 26 million) it posted in the same period of 2025. Gross profit excluding fair value adjustment also increased to USD 13.2 million (EUR 11.5 million), up from USD 10.6 million (EUR 9.3 million). Gross profit including fair value adjustment also increased, reaching USD 522,000 (EUR 457,000), up from a loss of USD 130,000 (EUR 113,000).
For the first half of the year, the company’s revenue increased to USD 77 million (EUR 67 million), up from USD 61 million (EUR 53 million), and its gross profit excluding fair value adjustment reached USD 30 million (EUR 26 million), up from USD 21 million (EUR 18 million).
The company partially attributed the increased revenues to higher prices for the turbot and sole that it raises, with a 18.4 percent increase in turbot prices and a 6.2 percent increase in sole prices.
Stolt Sea Farm also inaugurated a new sole hatchery in Cervo, Galicia, Spain. Stolt Sea Farm announced the new hatchery in 2023, intending to expand its land-based recirculating aquaculture facility (RAS) to increase production of its fish.
Alfonso Rueda, the president of the Galician regional government, attended the opening of the facility, which according to Stolt Sea Farm would increase the company’s production capacity to 8,500 metric tons (MT) of turbot and more than 3,000 MT of sole.
"That a company of this magnitude continues to strengthen its Galician roots and has its global operations center in our region is a source of great gratitude," Rueda said at the opening ceremony.
The Galician government provided financing for the project to the tune of EUR 13.2 million (USD 15 million), co-financed by European Maritime, Fisheries, and Aquaculture funds.
