“Results are created by people, and this is reflected in what we call 'The BioMar Way',” said Carlos Diaz, CEO of BioMar.
Photo: BioMar.
BioMar Group has closed 2025 with revenue and earnings in line with expectations, according to preliminary unaudited figures released by its owner, Schouw & Co.
BioMar reported revenue of DKK 16.5 billion (EUR 2.21bn / USD 2.65bn) in 2025, within the guidance range of DKK 16.3–16.7 billion. Meanwhile, EBITDA reached DKK 1,517 million (EUR 203m / USD 244m), also within the company’s forecast of DKK 1,490–1,530 million.
BioMar CEO Carlos Diaz said the result reflected a resilient performance across the year. “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,” he said.
“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',” Diaz added.
Looking ahead, BioMar expects revenue in 2026 to be in the range of DKK 16.0–17.0 billion (approximately EUR 2.14–2.28 bN / USD 2.57–2.73bn), with EBIT of DKK 1,100–1,200 million.
The company said the full annual reports for both Schouw & Co. and BioMar are scheduled to be published on 5 March 2026.
Schouw & Co., the Danish conglomerate which owns BioMar, previously announced it is considering whether to float the company on Nasdaq Copenhagen, indicating that a public listing could take place in the first half of 2026, depending on the outcome of its financial review.
BioMar, which is currently the world’s third-largest producer of feed for farmed fish and shrimp, previously said it aims to increase feed volumes by an average of 4–6% each year to 2030. The company is also targeting EBIT growth of 8–10% annually over the same period.
Despite the thid quarter "challenges" referred to by Diaz in his latest statement, BioMar reported its strongest-ever Q3 in terms of earnings in November, which it said was driven by higher feed demand in Chile and Ecuador. The challenges related mainly to adverse biological conditions in Norway, which affected feeding patterns and volumes in the salmon segment and led the company to reduce its full-year guidance.
The Danish aquafeed company also announced this past autumn it had recruited two experienced industry profiles to its board with the addition of Marianne Rørslev Bock and Kristian Johnsen Hundebøll, which the company said aimed to "strengthen BioMar’s board ahead of a potential IPO".
