Grieg Seafood ASA Ord

What Grieg Seafood ASA Ord does

Grieg Seafood ASA is a publicly traded Norwegian Atlantic salmon farming company listed on the Oslo Stock Exchange (ticker GRGSF) and headquartered in Stavanger. Founded in 1992, the company historically targeted 100,000 tonnes of annual salmon harvest across multi-regional operations in Norway (Rogaland, Finnmark), Canada, and other geographies, with smolt production handled through its Fister Smolt AS subsidiary (now integrated into Tytlandsvik Aqua AS).

The company's core operations center on marine-phase Atlantic salmon farming in the fjords and inlets of Rogaland, Norway, supported by a post-smolt facility opened in Hjelmeland in February 2025 that improves biosecurity and reduces antibiotic usage. Grieg Seafood sells farmed Atlantic salmon through B2B distribution channels, including seafood distributors, processors, and retail chains globally. Pricing is negotiated through wholesale contracts tied to prevailing Atlantic salmon market rates; per-unit pricing is not publicly disclosed. Farming economics in Q4 2025 showed a farming EBIT of NOK 20.7 per kilogram on roughly 7,400 tonnes of harvest from operations that were subsequently divested.

In 2025, Grieg Seafood underwent a major strategic restructuring: it sold its Canadian and Finnmark operations and completed a USD 1 billion transaction with Cermaq, using proceeds to repay debt, establish a new banking syndicate with Nordea and SEB, and recommend a NOK 4 billion distribution to shareholders. The slimmed-down entity is now focused on Rogaland-based salmon farming with an emphasis on reduced environmental footprint, fish welfare, and sustainable aquaculture practices.

Name

Grieg Seafood ASA Ord

Legal name

Grieg Seafood ASA

Website

https://griegseafood.no

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Grieg Seafood ASA is a publicly traded Norwegian Atlantic salmon farming company that farms and sells sustainably produced salmon from its Rogaland, Norway operations to global seafood distributors, processors, and retailers through B2B wholesale channels.

Ownership category

akta.pro rank

Product category

Salmon Aquaculture

NAICS

Finfish Farming and Fish Hatcheries (112511), Seafood Product Preparation and Packaging (31171)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092)

akta.pro primary industry

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

akta.pro secondary industries

Seafood Wholesale (Fresh & Frozen) (AFAIADAD), Finfish Processing (Filleting, Portioning, Trimming) (AFANADAB)

Keywords

• Salmon farming
• Atlantic salmon aquaculture
• Fish farming operations
• Smolt production
• Seafood distribution

Headquarters

HQ city

Bergen

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel

Revenue model

1. Salmon farming and harvest: Primary revenue from farming and harvesting Atlantic salmon. Q4 2025 results show harvest of nearly 7,400 tonnes with farming EBIT of NOK 20.7 per kilo. Revenue generated through sale of harvested salmon to distributors, processors, and retailers globally.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

Grieg Seafood ASA is a publicly traded Norwegian salmon farming company that farms and harvests Atlantic salmon in Rogaland, Norway. The company sells farmed salmon to global seafood distributors, processors, and retail chains through B2B channels, with operations including smolt production and a post-smolt facility in Hjelmeland. Following strategic restructuring in 2025, the company is now focused on its Rogaland-based operations after divesting its Canadian and Finnmark assets.

Product overview

Grieg Seafood is a salmon farming company with a focused strategy centered on Rogaland, Norway. The company's core offerings include fresh Atlantic salmon products (accessible via their 'Our salmon' section), fish farming operations in Rogaland fjords and inlets, and smolt production (via affiliated company Fister Smolt AS, now part of Tytlandsvik Aqua AS). The company also opened a post-smolt facility in Hjelmeland in February 2025. The company emphasizes sustainable farming practices, fish welfare, and reduced environmental footprint across its product portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Atlantic Salmon Products

Quantifiable outcome

• Reduced antibiotic needs through post-smolt facility investment

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core and major.

• Tytlandsvik Aqua AScoreStrategic or Co-development Partner · 1 January 2026Fister Smolt AS has become an integrated part of Tytlandsvik Aqua AS, representing consolidation in the salmon farming supply chain with local community integration.
• CermaqmajorStrategic or Co-development Partner · 1 January 2025Acquired Grieg Seafood ASA's operations for USD 1 billion. This represents a significant strategic transaction in the aquaculture industry, consolidating operations in the sector.

Scale indicators4 records

Recent moves10 records

Expansion highlights4 records

Direct peers

• Mowi ASA: The world's largest Atlantic salmon farmer, headquartered in Norway. Directly comparable to Grieg Seafood on species (Atlantic salmon), geography (Norway), value chain (hatchery-to-harvest), and go-to-market (B2B distributors, processors, retailers).
• Bakkafrost: Faroese vertically integrated salmon farmer with hatchery, farming, processing, and value-added product operations. Comparable salmon aquaculture value chain and premium sustainable positioning to Grieg Seafood.
• SalMar ASA: Major Norwegian salmon farming company producing Atlantic salmon from smolt to harvest and selling through similar B2B channels. Highly comparable business model, end-market exposure, and Norwegian regulatory environment to Grieg Seafood.
• Lerøy Seafood Group: Norwegian seafood group with significant Atlantic salmon farming operations, plus wild catch and processing. Direct competitor in Norwegian salmon farming and shared B2B distribution channels with Grieg Seafood.

Regional players

• Multi X: Chilean Atlantic salmon farmer and processor with vertically integrated operations. Comparable species and B2B customer base, but operates in a different geography with different cost and regulatory dynamics than Grieg Seafood.
• Cooke Aquaculture: Canadian-headquartered Atlantic salmon farmer with operations in Atlantic Canada, the US, Chile, and Scotland. Comparable Atlantic salmon aquaculture model but primarily serves North American and UK markets rather than directly competing with Grieg in Norway.
• Scottish Sea Farms: UK-based Atlantic salmon farmer jointly owned by SalMar and Lerøy. Comparable species, value chain, and sustainability positioning, but serves primarily the UK retail and foodservice market rather than competing head-on in Norway.

Emerging players

• Nordic Aquafarms: Smaller, growth-stage land-based and sea-based salmon farmer with operations in Norway and Denmark. Comparable Atlantic salmon species and sustainability focus but at significantly smaller scale and with a land-based technology angle.

Broad incumbents

• Cermaq Group AS: Global salmon farming company operating in Norway, Chile, and Canada — including the operations recently acquired from Grieg Seafood. Broad incumbent in the same industry with overlapping species, customers, and Norwegian regulatory exposure.

Others

• Aquaculture Stewardship Council: Independent certification body for responsibly farmed seafood including Atlantic salmon. Adjacent rather than competitive; ASC certification is a key sustainability reference point for Grieg Seafood's go-to-market positioning with global retailers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/grieg-seafood-bc-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 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 Grieg Seafood ASA Ord