Bakkafrost is the only fish farming company in the world to own all of the value chain, from roe and feed production to processing, ship operations, and transport service. Its vertically integrated operations ensure stringent control over the entire production chain, positioning the company on sustainability and quality to meet premium salmon product demands while minimizing environmental impact.
Cyborg Score Rationale
As the world's third-largest salmon farmer, Bakkafrost commands significant scale and market position. However, the company faces commodity price volatility and recent earnings pressure from lower salmon prices and disease-related mortality in Scotland operations.
Top Insights
Western Europe represents 64.4% of net sales, with Asia at 19.3%, creating geographic diversification but dependence on key markets.
Q3 2025 revenue declined from prior year, while operational EBIT fell sharply primarily due to lower salmon prices.
The 2019 acquisition of the Scottish Salmon Company nearly doubled Bakkafrost's size, establishing dual Faroe Islands and Scotland operations.
Full-year 2025 harvest guidance was raised to 104,000 tonnes with planned growth for the coming year, indicating production expansion.
Named Competitors
Mowi — World's largest salmon farming company
SalMar — Leading Norwegian salmon farmer
Recent Developments
(Q3 2025) Salmon price decline of 13% year-on-year impacted profitability