BioMar has raised its 2026 volume, revenue and operating profit guidance after increasing feed sales by 5% in the first half of the year. The company expects this momentum to continue during the second half, although it warns of growing pressure on the availability and price of marine raw materials.
| Indicator | Previous guidance | Revised guidance |
|---|---|---|
| Feed volume | 1.60–1.67 million tonnes | 1.63–1.70 million tonnes |
| Revenue | DKK 16–17 billion | DKK 17–18 billion |
| EBIT | DKK 1.1–1.2 billion | DKK 1.2–1.3 billion |
| Capital expenditure | DKK 300–500 million | DKK 400–500 million |
DKK: Danish kroner. Source: BioMar Group Interim Report Q2 2026.
During the first six months of the year, BioMar sold 710,000 tonnes of feed, compared with 676,000 tonnes in the same period of 2025. Despite this growth, revenue remained virtually unchanged at DKK 7.365 billion, mainly because much of the increase came from shrimp feed, which has a lower average value per tonne than fish feed.
| Segment | First-half volume | First-half EBIT | Key takeaway |
|---|---|---|---|
| Shrimp | +22% | Unchanged | Drives volume growth, but with lower profitability per tonne and higher production costs. |
| Salmon | −4% | +9% | Lower sales were offset by a more favourable product and customer mix. |
| Selected Species | +9% | +23% | Volume and profitability improved through stronger capacity utilisation and a favourable commercial mix. |
The Selected Species segment includes trout, European seabass and gilthead seabream, among other species. Changes compared with the first half of 2025. Source: BioMar.
Shrimp was therefore the main driver of volume growth, while the largest improvements in profitability came from salmon and Selected Species. Combined EBIT across the three feed segments increased by 10%. However, the Group’s consolidated EBIT declined by 4% to DKK 359 million, reflecting costs associated with the transformation of Tech Solutions, increased innovation activities and expenses linked to the stock market listing.
One of the main challenges during the second half will be rising fishmeal and fish oil prices. BioMar notes that Peru’s anchovy quota has been reduced by approximately one-third compared with the previous year and is among the lowest recorded over the past decade. This reduced availability is compounded by the lack of international agreements on the management of several North Atlantic pelagic species.
According to BioMar CEO Carlos Diaz, marine raw material prices are set to reach record levels. The company intends to limit the impact through proactive sourcing, disciplined pricing and formulations based on the nutritional requirements of each species, rather than dependence on specific ingredients.
This flexibility will allow greater use of alternative proteins, algae oils and by-products from seafood processing, provided that feed performance is maintained. At the same time, BioMar will continue expanding production capacity in Ecuador and China to support its expected growth over the coming years.
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