Icelandic salmon farming is set for growth, according to a recent feature in the Norwegian business newspaper Finansavisen. The article highlights Arctic Fish, a fish farming company operating at multiple sites in the Westfjords, which plans a 78% increase in production over two years. Arctic Fish is 51% owned by Norwegian firm Mowi and 34% by Síldarvinnslan, which holds the second-largest stake in the company. In the fourth quarter of 2025, Arctic Fish reported producing 4,229 tons of salmon, a 22% rise compared to the same period in 2024 when output was 3,456 tons. Full-year 2025 production reached a record 14,791 tons, up 39% from the previous year. The company expects this upward trend to continue into 2026, forecasting annual production of 17,500 tons. First-quarter 2026 output alone is projected at 5,600 tons, marking a 78% increase over the first quarter of 2024. Arctic Fish stated that its fourth-quarter 2025 performance exceeded expectations and signals continued positive momentum heading into early 2026. The company also emphasized ongoing efforts to reduce operational costs throughout 2026. Revenues did decline slightly between years due to lower market prices during the harvest season.
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