BioMar had a challenging third quarter but finished 2025 on a high, said chief executive Carlos Díaz.

BioMar made an operating profit of £176.5m last year

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Aquafeed supplier BioMar made revenue of DKK 16.5 billion (£1.92bn) and EBITDA - a measure of operating profit – of DKK 1.517bn (£176.5 million), according to preliminary results announced by owner Schouw & Co. Both revenue and operating profit were within previous guidance.

“I am very pleased to conclude the year with such strong results. Following a very positive start of 2025, we faced a challenging third quarter, but successfully finished the year on a high note,” BioMar Group chief executive Carlos Díaz said in a press release.

Carlos Díaz: "One common factor across the business has been the dedication from our people." Photo: BioMar

“Our performance over the course of the year has reflected the strength of being a feed solution business with exposure to a broad range of species and geographies. All segments have contributed to our strong financial performance.

“One common factor across the business has been the dedication from our people achieving commercially viable solutions together with our customers. Results are created by people, and this is reflected in what we call ‘The BioMar Way’.”

In 2026, BioMar expects a revenue of DKK 16.0-17.0bn with an EBIT of DKK 1.1-1.2bn.

The annual reports for Schouw & Co. and BioMar are expected to be released on March 5.

BioMar’s customers include Scotland salmon producers Scottish Sea Farms and Loch Duart, which uses uses a bespoke "Blue Impact" feed from the Danish company. The feed has a high marine content from Marine Stewardship Council (MSC) or Marin Trust approved trimmings from the UK fish processing industry. It uses triple-cleaned fish oil which reduces its dioxins content.