Pescanova

What Pescanova does

Nueva Pescanova is a Spanish multinational seafood group operating a fully integrated value chain that spans wild-catch fishing, aquaculture farming, industrial processing, and global commercialization. The group controls a 53-vessel fleet operating in Southern Hemisphere fishing grounds, more than 7,000 hectares of aquaculture farms producing turbot and shrimp, and 17 processing plants across 10 countries. It commercializes more than 70 species of fresh, chilled, and frozen fish and shellfish under the Pescanova consumer brand and regional subsidiary brands (NovaNam, Argenova, Promarisco, Pescanova Hellas, Camanica, Novaperu, Novaguatemala, Pescanova Italia, Pescanova Portugal, Pescanova USA, Pescanova France) into more than 80 countries. The company is the post-2013 restructured entity of the historic Spanish Pescanova group and is controlled by Galician bank Abanca following the capitalization of claims during that reorganization.

The group invests in proprietary industrial technology under an Industry 5.0 program, including the SEA2TABLE 4.0 multi-factory digital twin connecting three Galician industrial centers, AI-based quality inspection using X-ray, terahertz, and hyperspectral vision (SENSOMARE), blockchain-enabled end-to-end traceability, and predictive production systems (PREMIA). Aquaculture R&D is concentrated at the Pescanova Biomarine Center in O Grove, with active projects to industrialize common octopus (Octopus vulgaris) cultivation (CECAELIA, OCTOPLUS, OCTODIET), wreckfish larval culture (ChernAdvance), flatfish climate adaptation (MITAKUA), and a seafood-waste biorefinery (LIFE REFISH) targeting 300 kg/h of discard valorization.

Revenue is generated almost entirely through one-time sales of seafood products to wholesale distributors, supermarket and hypermarket chains, foodservice operators, and specialized retailers, distributed via a global trading desk (Área Trading - Mayor) in Madrid, regional commercial subsidiaries across Europe, Africa, the Americas, and Asia, and direct supply arrangements with retail and foodservice customers. The group returned to profitability in FY2025 with sales of €1,053.6 million, EBITDA of €71.2 million, and net profit of €1.1 million, supported by operational efficiency measures, commercial strategy renewal, a €283 million capital increase, and a €279 million Abanca capital injection that cut leverage from over 7x to below 4x EBITDA. The company is simultaneously seeking a €440 million bank credit line for refinancing and potential acquisitions and is divesting its Mozambique operations.

Name

Pescanova

Legal name

Nueva Pescanova, S.L.

Website

https://nuevapescanova.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Nueva Pescanova is a Spanish multinational seafood group that controls a vertically integrated value chain of wild-catch fishing, aquaculture farming, industrial processing, and global commercialization, selling 70+ species of fish and shellfish to wholesale, retail, and foodservice customers across 80+ countries.

Ownership category

akta.pro rank

Product category

Processed Seafood

NAICS

Aquaculture (1125), Finfish Farming and Fish Hatcheries (112511), Fishing (1141)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092), Fishing, Hunting And Trapping (900)

akta.pro primary industry

Aquaculture Harvest, Processing & Packing (Farmed Finfish/Shellfish; On-Farm Plants) (AFANADAL)

Keywords

• Frozen seafood
• Aquaculture production
• Fishing fleet operations
• Seafood processing
• Seafood distribution

Headquarters

HQ city

Redondela

HQ country

Spain

HQ region

Europe

Offices29 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Seafood Product Sales: The company's primary revenue stream comes from the sale of fresh, chilled, and frozen seafood products. It operates across the full value chain—fishing, aquaculture farming, industrial processing, and commercialization—selling over 70 species of fish and shellfish to more than 80 countries worldwide.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Nueva Pescanova is an integrated seafood multinational that catches, farms, processes, and commercializes more than 70 species of fish and shellfish. Operations include a 53-vessel own fishing fleet operating in Southern Hemisphere waters, over 7,000 hectares of aquaculture farms producing turbot and shrimp, 17 processing plants across 10 countries, and a global distribution network reaching retailers and foodservice operators in 80+ countries.

Product overview

Nueva Pescanova is a Spanish multinational seafood company operating as an integrated value chain business spanning fishing, aquaculture farming, processing, and commercialization. The company operates 53 own fishing vessels in Southern Hemisphere waters, over 7,000 hectares of aquaculture farms producing turbot and shrimp, 17 processing plants across 10 countries, and sells products across more than 80 countries. The product portfolio centers on the Pescanova consumer brand for fresh, chilled, and frozen seafood (over 70 species of fish and shellfish), complemented by regional subsidiaries including NovaNam (Namibia), Argenova (Argentina), Pescanova Hellas (Greece), Promarisco (Ecuador), and others. The company also operates an extensive R&D innovation program including SENSOMARE (AI-powered quality inspection), PREMIA (AI-based predictive production), MITAKUA (climate adaptation for aquaculture), Smart4SeaFood and SEA2TABLE 4.0 (digital factory technologies), LIFE REFISH (seafood biorefinery), and octopus farming projects (CECAELIA, OCTOPLUS, OCTODIET) through its Pescanova Biomarine Center research facility. The company also maintains proprietary sustainability certifications under the Pescanova Blue program.

Differentiator

Problem solved

Functional benefit

Brands

• Pescanova Biomarine Center: Research and innovation center focused on aquaculture, seafood processing, and sustainable fishing practices
• Rodolfos
• Rodolfo Pescanova
• Pescanova Blue
• NovaNam
• Argenova

Products and services

• Pescanova Branded Seafood Range Consumer-facing range of fresh, chilled, and frozen seafood products under the Pescanova brand, covering more than 70 species of fish and shellfish, sold through supermarkets, hypermarkets, and fishmongers in over 80 countries.
• Aquaculture Turbot (Rodaballo) Flatfish (turbot/rodaballo) produced through the company's aquaculture farming operations, supported by genetic selection programs at Insuiña S.L. and the Pescanova Biomarine Center.
• Aquaculture Shrimp (Langostino) Shrimp (langostino) produced through the company's aquaculture operations, primarily sourced from the Promarisco subsidiary in Ecuador.
• Wholesale and B2B Seafood Supply (Área Trading – Mayor) Bulk B2B supply of fresh, chilled, and frozen seafood products to wholesale distributors, supermarket chains, and foodservice operators worldwide, coordinated through the global trading desk in Madrid and supported by local subsidiaries.
• Pescanova Blue Sustainability Program Sustainability certification program and seal applied to products meeting the company's environmental and responsible sourcing criteria, used to support consumer-facing brand positioning and ESG commitments.

Quantifiable outcome

• Sales of 1,053.6 million euros in FY2025, up 36.9% versus prior-year period
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability10 records

Feature8 records

Partnerships

Six partnerships are on record, tiered core and minor.

• EY (Ernst & Young)coreImplementation/ SI/ Consulting Partner · 1 June 2026EY was hired as financial advisor to structure and secure 440 million euros in bank credit facilities for debt refinancing and potential acquisition opportunities, as part of Nueva Pescanova's post-restructuring financial optimization plan.
• CETGA (Centro Tecnológico del Clúster de la Acuicultura)coreStrategic or Co-development PartnerCETGA participates as a research partner in the MITAKUA project alongside the Pescanova Biomarine Center, Sea Sole Acuicultura S.L., Neutro Applications, and the University of A Coruña's GIBE research group, focused on climate adaptation strategies for flatfish aquaculture.
• ANFACO (Asociación Nacional de Fabricantes de Conservas de Pescado)minorStrategic or Co-development PartnerANFACO supports the SENSOMARE R&D project led by Pescanova alongside food and technology companies, focused on advanced sensory technology and AI for food quality optimization and logistics automation in the seafood industry.
• Insuiña S.L.coreStrategic or Co-development PartnerPescanova-associated aquaculture company developing genetic selection programs for turbot cultivation using statistical and genomic tools (BLUP with molecular markers), supported by CDTI and the European Maritime and Fisheries Fund.
• CSIC (Consejo Superior de Investigaciones Científicas)minorStrategic or Co-development PartnerParticipates in the LIFE REFISH project alongside JEALSA, PESCANOVA, STOLT, and OPROMAR, focused on creating the first demonstration biorefinery for seafood discards and by-products, led by CSIC's expertise in marine resource valorization.
• UN Global CompactcoreStrategic or Co-development PartnerNueva Pescanova Group is a signatory member of the UN Global Compact through its Spanish Network, adopting its principles into corporate strategy, culture, and daily actions, and contributing to the UN 2030 Agenda Sustainable Development Goals.

Scale indicators14 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• SalMar: One of the world's largest Atlantic salmon producers with integrated farming and processing. Comparable to Pescanova's aquaculture division (turbot, shrimp) in operational model and value-added processing approach.
• Austevoll Seafood: Norwegian seafood group with fishing, aquaculture, processing, and global distribution through Leroy and Austral subsidiaries. Comparable to Pescanova in vertical integration, multi-species portfolio, and global footprint.
• Cermaq: Mitsubishi-owned global salmon farming company with operations in Norway, Chile, and Canada. Comparable to Pescanova on the aquaculture farming and processing side, and as a corporate-controlled entity.
• Mowi ASA: World's largest Atlantic salmon farming company, with integrated feed, farming, processing, and sales operations. Comparable to Pescanova on the aquaculture farming and processing side, though more species-focused.
• Lerøy Seafood Group: Norwegian integrated seafood group with salmon farming, wild catch, processing, and distribution across Europe and Asia. Comparable to Pescanova's vertically integrated model and European retail focus.
• Thai Union Group: Thai-based global seafood multinational with integrated operations across tuna, shrimp, and value-added seafood products sold in 100+ countries. Highly comparable to Pescanova as a vertically integrated seafood company with brand-led retail presence and global distribution.
• Trident Seafoods: US-based vertically integrated seafood company with owned fleet, processing plants, and branded retail products. Comparable to Pescanova's integrated fleet-to-retail model and multi-species portfolio.
• Cooke Seafood: Canadian family-owned integrated seafood company with wild-caught fishing, aquaculture (salmon, shrimp), and processing operations globally. Closely comparable to Pescanova's integrated value chain and family/owner-controlled governance.
• Nippon Suisan Kaisha (Nissui): Japanese integrated seafood major with fishing, aquaculture (salmon, trout, shrimp), processing, and global marine products business. Closely comparable to Pescanova's value chain model and product breadth.
• Maruha Nichiro: Japan's largest seafood company, with integrated fishing, aquaculture, processing, and frozen food operations across multiple continents. Comparable to Pescanova in scale, vertical integration, and product portfolio breadth (multiple fish/shellfish species).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/promarisco-s.a.-grupo-pescanova-
• Xx.com/PescanovaCorp

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pescanova