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The Norwegian seafood group reported a drop in its Q1 operational profit despite higher harvest volumes and a significant uptick in Wild Catch prices.

The Norwegian group's trading update appears to validate its previous decision to maintain its projected harvest volume in Norway for 2026 unchanged.

"The fourth quarter demonstrates the effect of a robust and fully integrated value chain," said Henning Beltestad, CEO of Lerøy Seafood Group.

The Norwegian seafood group's trading update for Q4 shows a drop in both its farmed and wild catch volumes compared with last year.

Weak salmon prices and high sea temperatures caused major losses for the group's farming business, while its value-added operations nearly doubled their profit.

The Norwegian seafood group's trading update for the third quarter of 2025 also showed positive results for its wild-catch operations.