Stolt Sea Farm (SSF), the land-based aquaculture division of the Stolt-Nielsen Group, reported operating revenue of $139 million in 2025, representing a 9.6% increase compared to the previous year. Operating profit reached $48.1 million, up from $29.2 million in 2024, according to the group’s annual report.
A closer analysis of the results indicates that this improvement was primarily driven by higher average prices for turbot and sole.
Excluding the accounting impact related to the revaluation of biological assets, the increase in operating profit appears more moderate, suggesting a more gradual improvement in the company underlying operational performance.
Stolt Sea Farm maintains a production capacity of around 9,000 tonnes and annual harvest volumes of approximately 10,000 tonnes (live weight), reflecting a stable and well-estabilised production model with limited short-term volume growth.
From market perspective, Spain remains the company’s largest market, generating more than $52 million in revenue, followed by France, Italy and other European countries. The United States, while part of its commercial footprint, still accounts for a relatively small share of total sales.
Strategically, the company continues to pursue long-term growth, with an ambition to reach a production capacity of 24,000 tonnes over the coming decades. However, this target should be viewed as a long-term strategic aspiration rather than an immediate expansion plan.
At the same time, Stolt Sea Farm in strengthening its sustainability positioning. All its turbot farms are now certified under the Aquaculture Stewardship Council (ASC) standard, and the company has set targets to reduce the use of marine ingredients in feed by 50% for turbot and 65% for sole by 2030.
Stolt Sea Farm’s performance also highlights the broader role of Southern Europe – particularly Spain – as a leading hub for high-value flatfish aquaculture, supported by skilled human capital, advanced recirculating aquaculture system (RAS) technologies and strong market positioning.
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