COMPANY

Stolt Sea Farm emerges as a stable pillar within Stolt-Nielsen, with 65% operating profit growt

London, 28 January 2026 | SSF closed with an operating profit of USD 48.1 million, an increase of almost 65% on the previous year

Stolt Sea Farm en Cervo

Against a backdrop of uncertainty in industrial and logistics markets, Stolt Sea Farm has once again established itself as one of the Stolt-Nielsen Limited Group’s most stable businesses, reinforcing the strategic importance of aquaculture within a company historically anchored in chemical transport and logistics.

According to the results of the fourth quarter and the full year of 2025, the aquaculture division closed with an operating profit of USD 48.1 million, an increase of almost 65% on the previous year. The robustness of these figures is confirmed by observing the underlying gross profit (excluding biomass fair value adjustments), which grew from USD 42.5 million in 2024 to USD 51.1 million in 2025, demonstrating that this improvement is structural and operational, rather than merely an accounting adjustment.

Stolt Sea Farm also improved its year-on-year performance in the final quarter, in contrast to the trend seen in the Group’s other businesses which are more exposed to the industrial cycle and suffered corrections due to market volatility. This highlights how intensive, technologically controlled aquaculture acts as a defensive asset against volatile economic cycles, offering greater operational predictability and more stable demand than business lines exposed to geopolitical factors, tariffs or logistics disruptions.

At Stolt Sea Farm, this stability rests on a long-term strategy centred on high-value species. Revenue from turbot and sole rose to USD 138.9 million, reflecting the effectiveness of highly controlled land-based production systems and a sustained focus on biological performance and fish health.

That operational strength is matched by a clear investment roadmap. According to the Group’s 2025 results presentation, Stolt Sea Farm plans to increase its sole production capacity from 1,850 tonnes to around 2,400 tonnes.

As we enter a 2026 where the macroeconomic and geopolitical environment is set to remain uncertain, Stolt Sea Farm’s performance suggests that aquaculture will continue to play a key role as one of the Group’s most stable and profitable pillars.