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The Olupale has the capacity to catch and process up to 2,500 tonnes of finished product per year.

SENSOMARE has received an investment of €1,497,020.80 and a public grant of €793,388.08 under the NEXOS program.

The Spanish seafood group says the move will reduce its debt burden and support a new phase of investment after returning to profit in 2025.

The Spanish seafood group reports improved earnings in 2025 following cost-cutting and higher sales, according to company figures.

The Spanish company is also sixth globally in this World Benchmarking Alliance ranking, and third among food companies, behind only Nestlé and Mowi.

While EBITDA grew by 73% and losses were reduced by 65%, the company's sales also rose by 7.9% in the first half of the year.