Bakkafrost counts cost of Scottish operation losses
Bakkafrost Scotland produced 5,300 tonnes of salmon with an average weight of 4.8kg in the third quarter of 2025, more or less the same volume as last year, according to a trading update today.
But incident related mortality costs for the period are estimated to be 59 million Danish kroner (£6.9 million), which were mainly incurred in September at the Portree farming site, said the company.
Bakkafrost announced a total harvest of 30,700 tonnes compared to 27,000 tonnes in the period July to September last year.
Faroes volume up
The Faroe Islands’ volume was up by almost 3,800 tonnes to 25,400 tonnes, against 21,600 tonnes in Q3 2024. The average weight was 5.2kg.
Smolt releases in Q3 were 4.8 million in the Faroes and 3.3 million in Scotland.
In August, Bakkafrost placed its Scottish freshwater operations under Faroese control and transferred some Faroese staff to Bakkafrost Scotland’s flagship Applecross hatchery and post-smolt facility.
Dragged down
Operating losses at Bakkafrost Scotland and low salmon prices dragged down operating profits and led to an overall loss for Bakkafrost Group in the second quarter of this year.
But when announcing its Q2 results in August, the company expressed optimism for the future of the Scottish operation.
“During 2025 and into 2026, the biomass at sea will gradually change character, transitioning to be based on large and high-quality smolt. This strategic shift is expected to enhance overall fish health and growth rates, leading to a more robust and sustainable aquaculture environment.”
The full Q3 2025 report will be released on November 4.
