Quarterly Public Farm Review: Q3 2025

Quarterly Public Farm Review: Q3 2025

What happens when low salmon prices stop being a short-term problem and start reshaping how the entire industry thinks about risk? In this episode, we dig into Q3 financial results from the publicly traded salmon companies, not just to recap the numbers, but to unpack what they’re really signaling beneath the surface. We explore widening gaps in EBIT per kilo across regions, why Chile stands out while Norway, Scotland, Canada, and Iceland struggle in very different ways, and how persistent price pressure is forcing companies to prioritize cost control over growth. The conversation goes deeper into the tradeoffs this creates: where cost-cutting shows up quickly through sea lice decisions, where it hides longer-term risk through disease and biology, and why the push toward “control” via land-based and semi-closed systems hasn’t yet translated into stronger economics. The result is a clear-eyed look at whether the industry is truly buying predictability or simply shifting where risk shows up.


Download the full Q3 2025 report here.


For more aquaculture insights head to our Fish n’ Bits blog.

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Avsnitt(91)

From Deep Dive: The SeafoodSource Podcast — Practical Applications of AI in Seafood with Manolin CEO Tony Chen

From Deep Dive: The SeafoodSource Podcast — Practical Applications of AI in Seafood with Manolin CEO Tony Chen

This week, we’re sharing a special episode from Deep Dive: The SeafoodSource Podcast on the practical applications of AI in seafood. SeafoodSource speaks with Tony Chen, CEO and co-founder of Manolin,...

5 Maj 18min

Scaling African Aquaculture: Kamran Ahmad (Kivu Choice)

Scaling African Aquaculture: Kamran Ahmad (Kivu Choice)

What if one of the most important aquaculture growth stories isn’t happening in Norway, Chile, or Ecuador but in East Africa? This episode we step into a region that’s quietly transitioning from small...

20 Apr 53min

What Måsøval Reveals About Mid-Sized Farm Risk

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This week we break down what Måsøval’s strategic review and leadership change may signal for the company and for the broader aquaculture industry. We look at how production growth, rising costs, biolo...

6 Apr 12min

Tracking Algae: Norway's Active Pseudochattonella Outbreak

Tracking Algae: Norway's Active Pseudochattonella Outbreak

Could a microscopic algae bloom quietly reshape Norway's salmon farming season before most of the industry even understands what's happening? This week, we're tracking the Pseudochattonella bloom spre...

30 Mars 8min

Quarterly Public Farm Review: Q4 2025 + Special Interview

Quarterly Public Farm Review: Q4 2025 + Special Interview

What separates the salmon farms that thrived in Q4 from the ones still bleeding money and does it all come down to where they're located? This week, we break down the Q4 financial results from the pub...

9 Mars 44min

Why Hallucinations Happen Using AI (LLMs)

Why Hallucinations Happen Using AI (LLMs)

If large language models are so powerful, why can they still get basic things wrong? In this episode, we take a practical look at how AI systems actually work, why hallucinations happen by design, and...

23 Feb 11min

Vitamin D and Salmon Health: Updated Evidence, Updated Strategy

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Vitamin D was long considered a compliance nutrient rather than a performance lever. In this episode, we break down what’s changed in the last couple of years, from BioMar doubling vitamin D₃ across s...

9 Feb 40min

Sea Lice: Pressure, Policy, and What Changed in 2025

Sea Lice: Pressure, Policy, and What Changed in 2025

Yes, it’s once again the time to discuss sea lice. In this episode, we take a clear-eyed look at what the last year of sea lice data is actually telling us (starting in Canada and ending in Norway) wi...

2 Feb 9min

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