Rising Revenues but Q2 Loss for Arnarlax

Arnarlax, a subsidiary of Icelandic Salmon, posted a loss in the second quarter of 2025, citing high costs and increased mortality as key challenges to operations. However, revenues rose sharply year-on-year, and the company expects improved results when a new generation of salmon enters production in the autumn months.

According to CEO Björn Hembre, the global supply of salmon has increased, putting pressure on prices and published in a news article in Viðskiptablaðið.
The average price of 3–6 kg salmon from Arnarlax fell by EUR 2.55 per kilo compared with the same period last year. Uncertainty also remains around the impact of the 15% export tariff to the United States, with 12% of the company’s total volume going to that market.

According to the company’s financial report, revenues for the quarter amounted to EUR 25 million, more than double the EUR 9.7 million recorded in the same period last year. Operating loss (EBIT) came to EUR 8.3 million, compared with a loss of EUR 3.8 million a year earlier. Loss per kilo of salmon was EUR 2.09, an improvement from EUR 5.37 per kilo the previous year. Slaughter volume reached 4,000 tonnes for the quarter—a fivefold increase from last year—but lower market prices and mortality in the 2023 generation reduced profitability.

The company’s total assets amounted to EUR 264 million at the end of the quarter, while the equity ratio declined from 55% to 47%. https://lnkd.in/gyPEDFgF