Feed volumes in Q1 increased by 7% year on year to a new record-high level for the first quarter, while EBITDA increased by 3% in line with expectations.
At the same time, the company achieved strong ROIC reaching 23.5%.
“We have once again proven our resilient business model. In a first quarter of the year characterised by significant geopolitical turbulence, we delivered strong results across our feed segments with growth in volumes as well as in earnings per tonne of feed sold, while minimising the negative effects of the turbulence for our customers. The financial results are in line with our expectations, despite parts of the business being challenged by environmental and biological conditions,”
states Carlos Diaz, CEO of BioMar Group, and continues:
“This year is a stepping stone, preparing to deliver on the next phase of our strategic ambitions. We are transforming the business model for aquaculture technology solutions, and we are preparing for further organic growth in our feed business with new capacity in Ecuador and China, building long-time partnerships with core customers as well as addressing new business opportunities”.
Overall, BioMar reported a strong EBITDA for Q1 2026 at DKK 212 million, while revenue declined by 6% as tech sales was temporarily softened and lower raw material prices impacted feed sales prices.
“We knew the first half of the year would impact the results in the Tech Solutions segment as we are changing our go-to-market model, engaging further with customers through new direct sales channels and service models. We have invested in organisational capabilities, while moving away from infrastructure sales towards recurring revenue. This change is progressing as planned and will allow us to release the actual potential of AQ1”.
The assessment of a potential value creation through a separate listing of BioMar is progressing, and on 1 May 2026, Schouw & Co. announced the intention to float.
“A listing will mark a significant milestone in BioMar’s history. In addition to providing direct access to capital markets, it will enhance transparency and increase public awareness of our company and brand, supporting our ability to attract and retain talent. BioMar is ready for life as a listed company and well positioned to continue its growth journey with a solid and resilient business model, driven by our high-quality product offering, commitment to sustainability and advanced feeding technology in a market defined by rising global demand for farmed fish and shrimp”,
concludes Carlos Diaz.
