COMPANY

Stolt Sea Farm holds firm on prices of turbot and sole in Q2 despite lower volumes, building momentum for strong summer season

London, 3 July 2025 | Over the first half of 2025, Stolt Sea Farm reported a total revenue of $61.4 million and an operating profit of $18.1 million

Stolt Sea Farm en Cervo

Stolt Sea Farm the aquaculture division of Stolt-Nielsen Limited, has reported a stable second quarter of 2025, maintaining historically high sales prices for turbot and sole while strategically reducing volumes to rebuild biomass ahead of the summer season.

Operating revenue for Q2 (March-May) totaled $29.7 million, down from $31.6 million in the same period last year. Operating profit before fair value adjustments was $6.6 million, compared to $8.2 million in Q2 2024.

“The second quarter was an opportunity for Stolt Sea Farm to rebuild biomass after the strong Christmas sales period, ahead of the peak summer season” noted Udo Lange, CEO of Stolt-Nielsen.

Prices for both species continued to rise. Turbot prices increased 5.7% year-on-year in Q2, while sole prices rose 7.2%, helping offset higher operating and administrative costs. The fair value adjustment of biological assets resulted in a loss of $1.1 million, compared to a gain of $0.9 million in Q2 2024.

Over the first half of 2025, Stolt Sea Farm reported a total revenue of $61.4 million and an operating profit of $18.1 million, slightly below the $62.2 million and $19.1 million recorded in the first half of 2024. The marginal decline is largely explained by a 4.0% drop in turbot volumes, while sales prices rose 3.7% for turbot and 7.6% for sole, underscoring continued demand and constrained wild supply.

The first quarter (December-February) had been particularly strong, with an operating profit of $7.4 million, driven by high Christmas demand. This seasonal peak positioned the company well but required a slowdown in Q2 to recover stock levels for summer.

Looking ahead, the company remains optimistic noting that “pricing remains firm at Stolt Sea Farm for both turbot and sole. With the recovery in biomass, we are well positioned for the typically seasonally strong summer period” the company stated in its earning release.

Stolt Sea Farm’s performance continues to provide resilience within the broader Stolt-Nielsen portfolio, contributing approximately 6% of the Group’s total operating profit in the first half of 2025 (excluding fair value adjustment). In context of the shipping market volatile and geopolitical uncertainly the aquaculture segment remains a steady and strategic pillar of the Group’s diversified business model.