Arctic Fish Holding
Arctic Fish Holding ehf. is a vertically integrated Icelandic Atlantic salmon farmer operating ten ASC-certified sea sites, an RAS hatchery, and a harvesting plant in Iceland's Westfjords, producing 15,000–20,000 tonnes annually for global seafood distributors under Mowi ASA's 51.28% controlling ownership.
- Company typePublic
- Founded2011
- HeadquartersÍsafjörður, Iceland
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Arctic Fish Holding does
Arctic Fish Holding ehf. is an Icelandic Atlantic salmon farming company headquartered in Ísafjörður in the Westfjords region, founded in 2011 and listed on Euronext Growth Oslo under the ticker AFISH since February 2020. The company operates a vertically integrated value chain through three wholly-owned subsidiaries: Arctic Sea Farm runs ten ASC-certified open-pen salmon farming sites across five fjords; Arctic Smolt operates a recirculating aquaculture system (RAS) hatchery in Norðurbotn for smolt production; and Drímla is the company's harvesting and processing facility in Bolungarvík. Maximum Allowed Biomass (MAB) capacity stands at 29,800 tonnes, with annual harvest of approximately 15,000–20,000 tonnes (14,791 tonnes harvested in 2025); 90% of operational energy is sourced from renewables.
Arctic Fish generates revenue through B2B wholesale sales of premium Atlantic salmon to global seafood distributors and premium food buyers; pricing is transaction-based and not publicly disclosed, leaving the company exposed to global salmon commodity cycles. Since December 2022, Mowi ASA — the world's largest salmon farmer — has held a 51.28% controlling stake (Síldarvinnslan hf holds 34.19%), making Arctic Fish a controlled subsidiary of Mowi while retaining independent listing and brand. The customer base is described generically as "global seafood distributors" with no named end-customer logos, and the company sells only Atlantic salmon (single product line).
The company's competitive positioning rests on its remote Westfjords location with deep, cold, high-current waters; ASC certification (the first in Iceland); 90% renewable energy usage; a vertically integrated stack from hatchery to harvest; and a partnership with Aquabyte for computer-vision-based fish maturation scoring, which received MAST regulatory approval in January 2026. The company faces active operational and regulatory risks, including an ongoing criminal negligence investigation tied to the August 2024 escape of approximately 3,500 farmed salmon from its Patreksfjörður site.
Arctic Fish Holding firmographics
Firmographics- Name
- Arctic Fish Holding
- Legal name
- Arctic Fish ehf.
- Website
- https://arcticfish.is
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Arctic Fish Holding ehf. is a vertically integrated Icelandic Atlantic salmon farmer operating ten ASC-certified sea sites, an RAS hatchery, and a harvesting plant in Iceland's Westfjords, producing 15,000–20,000 tonnes annually for global seafood distributors under Mowi ASA's 51.28% controlling ownership.
- Ownership category
- akta.pro rank
Arctic Fish Holding industry classification
Industry- Product category
- Aquaculture / Salmon Farming
- NAICS
- Finfish Farming and Fish Hatcheries (112511), Aquaculture (11251)
- SIC
- Agricultural Prod-Livestock & Animal Specialties (200)
- akta.pro primary industry
- Salmonid Hatcheries (Salmon, Trout, Char) (AFAEAKAD)
- akta.pro secondary industries
- Aquaculture Harvest, Processing & Packing (Farmed Finfish/Shellfish; On-Farm Plants) (AFANADAL), Aquaculture Health, Biosecurity & Veterinary Services (AFAEAAAK)
Keywords
Where Arctic Fish Holding is headquartered
LocationHeadquarters
- HQ city
- Ísafjörður
- HQ country
- Iceland
- HQ region
- Europe
Offices3 records
Markets served
Arctic Fish Holding business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D
Revenue model
- Salmon Production and Sales: Arctic Fish generates revenue through farming, harvesting, and selling premium Atlantic salmon. The company operates a complete value chain including RAS hatchery, sea farming sites, and harvesting facility, producing approximately 15,000-20,000 tonnes of salmon annually for global consumers.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Arctic Fish Holding product offering
Product offeringCore offering
Arctic Fish Holding is a vertically integrated Atlantic salmon farming company operating in Iceland's Westfjords. The company farms, harvests, and sells premium-quality Atlantic salmon through its three operating subsidiaries: Arctic Sea Farm (sea sites), Arctic Smolt (RAS hatchery), and Drimla (harvesting plant). It produces approximately 15,000-20,000 tonnes of salmon annually from 10 ASC-certified farming sites, sold via B2B wholesale channels to global seafood distributors.
Product overview
Arctic Fish Holding is a salmon farming company operating a vertically integrated value chain in Iceland's Westfjords. The company consists of three main operational subsidiaries: Arctic Sea Farm handles salmon farming across 10 ASC-certified sea sites; Arctic Smolt operates a RAS hatchery and smolt production facility; and Drimla is the company's harvesting plant in Bolungarvik. Annual production capacity is 29,800 tonnes MAB (Maximum Allowed Biomass), with actual harvest of approximately 15,000-20,000 tonnes of premium-quality salmon per year. The company leverages sustainable aquaculture practices in pristine northern waters to produce omega-3 rich salmon for global consumers.
Differentiator
Problem solved
Functional benefit
Brands
- Arctic Sea Farm: Core salmon farming subsidiary operating in the Westfjords of Iceland
- Arctic Smolt
- Drimla
Products and services
- Premium Icelandic Atlantic Salmon (HOG)
- Arctic Sea Farm (Sea Farming Operations)
- Arctic Smolt (RAS Hatchery Production)
- Drimla Harvesting Plant
Quantifiable outcome
- Approximately 200 million meals of salmon delivered since first harvest in 2019
Companies that use Arctic Fish Holding
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Arctic Fish Holding technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature1 record
Arctic Fish Holding partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- AquabytecorePartnership with Aquabyte to develop and validate automated salmon maturation scoring technology using computer imaging. The Icelandic Food and Veterinary Authority (MAST) approved this method, which replaces manual dissection requiring up to 200 fish per site. Validation conducted at Arctic Fish's site in Bolungarvik.
Scale indicators7 records
Recent moves6 records
Expansion highlights4 records
Arctic Fish Holding competitors and assessment
Company assessmentDirect peers
- Cermaq: Global salmon farming company owned by Mitsubishi, operating in Norway, Chile, and Canada. Direct peer in Atlantic salmon farming with comparable ASC certification focus and vertically integrated smolt-to-harvest operations.
- SalMar ASA: One of the world's largest salmon farmers, headquartered in Norway. Direct peer in Atlantic salmon farming; SalMar previously held an interest in Arctic Fish via NRS before Mowi's acquisition, and operates a comparable end-to-end value chain from smolt to harvesting.
- Norwegian Royal Salmon ASA: Norwegian salmon farming group operating in northern Norway and Iceland's Westfjords (via Iceland Royal Salmon). Direct peer with overlapping Icelandic geography, comparable scale, and similar target customer base in premium salmon markets.
- Bakkafrost: Largest salmon farmer in the Faroe Islands, producing premium Atlantic salmon in cold North Atlantic waters. Highly comparable geography (cold, clean, pristine waters), vertically integrated operations, and premium positioning parallel Arctic Fish's Westfjords model.
- Lerøy Seafood Group: Norwegian seafood group with significant salmon farming operations alongside wild catch, processing, and distribution. Direct peer in Atlantic salmon farming with similar vertical integration from hatchery to value-added products.
- Grieg Seafood ASA: Norwegian salmon farmer operating in Norway, Scotland, and Canada. Direct peer in Atlantic salmon farming with comparable focus on sustainability certifications, operational efficiency, and premium B2B distribution channels.
Broad incumbents
- Mowi ASA: World's largest Atlantic salmon farmer and majority owner of Arctic Fish (51.28%). Comparable as a vertically integrated salmon farming operator with global processing and distribution; broader geographic footprint (Norway, Scotland, Chile, Canada, Ireland, Faroes).
Regional players
- Iceland Seafood International: Iceland-based seafood value-added processor and distributor. Regional peer sharing the Icelandic seafood ecosystem and providing processing/distribution capabilities relevant to Arctic Fish's downstream value chain.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Arctic Fish Holding social profiles
Digital presenceArctic Fish Holding compliance and trust
Trust signalCompliance1 record
Arctic Fish Holding financial estimates
Financial estimateRevenue estimate
Valuation estimate
Arctic Fish Holding leadership team
Management profileNumber of profiles
Profiles18 records
Arctic Fish Holding subsidiaries and ownership
Company hierarchySubsidiaries3 records
Arctic Fish Holding funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Arctic Fish Holding M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Arctic Fish Holding
What does Arctic Fish Holding do?
Arctic Fish Holding is a vertically integrated Atlantic salmon farming company operating in Iceland's Westfjords. The company farms, harvests, and sells premium-quality Atlantic salmon through its three operating subsidiaries: Arctic Sea Farm (sea sites), Arctic Smolt (RAS hatchery), and Drimla (harvesting plant). It produces approximately 15,000-20,000 tonnes of salmon annually from 10 ASC-certified farming sites, sold via B2B wholesale channels to global seafood distributors.
Is Arctic Fish Holding a public or private company?
Arctic Fish Holding is a public company. It is classified as public and is currently operating.
When was Arctic Fish Holding founded?
Arctic Fish Holding was founded in 2011. It employs 51 to 100 people.
Where is Arctic Fish Holding based?
Arctic Fish Holding is headquartered in Ísafjörður, Iceland, in the Europe region.
How does Arctic Fish Holding make money?
One revenue line is on record: salmon Production and Sales.
Who are Arctic Fish Holding's main competitors?
Direct peers on record are Cermaq, SalMar ASA, Norwegian Royal Salmon ASA, Bakkafrost, Lerøy Seafood Group and Grieg Seafood ASA. Mowi ASA is listed as a broad incumbent. Iceland Seafood International is listed as a regional player.
Does Arctic Fish Holding have an API?
No public API is recorded for Arctic Fish Holding.
What industry is Arctic Fish Holding in?
Arctic Fish Holding's product category is Aquaculture / Salmon Farming. Its primary akta.pro industry code is AFAEAKAD, Salmonid Hatcheries (Salmon, Trout, Char), with a secondary code of AFANADAL, Aquaculture Harvest, Processing & Packing (Farmed Finfish/Shellfish; On-Farm Plants). Its NAICS code is 112511 and its SIC code is 200.