INARCTICA
INARCTICA is Russia's leading vertically integrated Atlantic salmon and trout aquaculture company, producing fresh chilled fish under the ULTRAFRESH standard for B2B customers including federal retail chains, HoReCa, and processors.
- Company typePublic
- Founded1997
- HeadquartersMoscow, Russia
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What INARCTICA does
INARCTICA (PAO INARCTICA, Moscow Exchange ticker AQUA) is Russia's leading vertically integrated aquaculture company specializing in Atlantic salmon, Arctic sea trout, and lake trout. Founded in 1997 and headquartered in the Murmansk Region with a corporate office in Moscow, the company controls the full production cycle from smolt cultivation through five Russian hatcheries (two in Kaluga Oblast, one in Nizhny Novgorod Oblast, and one under construction in Kondopoga, Karelia), grow-out across 13 active farms (9 in the Barents Sea and 4 in Karelian lakes) on 32 production sites, processing at its Murmansk plant, and nationwide cold-chain distribution to B2B customers within 2–5 days under its proprietary ULTRAFRESH freshness standard.
The company operates a B2B sales-led go-to-market targeting federal retail chains (Metro, Magnit, Auchan, X5/Perekrestok, Globus, Azbuka Vkusa), e-commerce marketplaces (Ozon, SberMarket), HoReCa establishments, and fish processors across 40+ Russian cities. Products are sold quote-based to enterprise customers and carry MSC, ASC, Halal, and Kosher certifications. The technology stack includes AI-powered computer vision systems for fish health monitoring and feeding optimization, plus big data analytics for predicting fish weight and dimensional ranges. INARCTICA's market share is approximately 20% of the Russian aquaculture salmon market, with the company holding the majority of aquaculture rights in the Murmansk region.
INARCTICA is publicly traded on the Moscow Exchange (ISIN RU000A0JQTS3) with a market capitalization of 43.4 billion RUB as of December 30, 2025. The shareholder base has grown 18x over three years to over 200,000 shareholders, with controlling shareholder Maxim Vorobyev holding 47.71%. The company employs 1,000+ professionals, carries an A+(RU)/A+.ru credit rating, and reported FY2025 revenue of 24.6 billion RUB with 23% adjusted EBITDA margin. The board comprises 9 members of which 8 are independent, including a dedicated Committee on Technology and Artificial Intelligence.
INARCTICA firmographics
Firmographics- Name
- INARCTICA
- Legal name
- ПАО «ИНАРКТИКА» (PAO INARCTICA)
- Website
- https://inarctica.com
- Company type
- Public
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- INARCTICA is Russia's leading vertically integrated Atlantic salmon and trout aquaculture company, producing fresh chilled fish under the ULTRAFRESH standard for B2B customers including federal retail chains, HoReCa, and processors.
- Ownership category
- akta.pro rank
INARCTICA industry classification
Industry- Product category
- Aquaculture Salmon and Trout Production
- NAICS
- Finfish Farming and Fish Hatcheries (112511), Seafood Product Preparation and Packaging (31171)
- SIC
- Prepared Fresh Or Frozen Fish & Seafoods (2092), Agricultural Prod-Livestock & Animal Specialties (200)
- akta.pro primary industry
- Aquaculture Harvest, Processing & Packing (Farmed Finfish/Shellfish; On-Farm Plants) (AFANADAL)
- akta.pro secondary industry
- Primary Seafood Processing (Heading/Gutting/Deheading; Icing) (AFANADAA)
Keywords
Where INARCTICA is headquartered
LocationHeadquarters
- HQ city
- Moscow
- HQ country
- Russia
- HQ region
- Europe
Offices7 records
Markets served
INARCTICA business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Fresh Chilled Salmon and Trout Sales: Sale of fresh chilled Atlantic salmon, Arctic sea trout, and lake trout to B2B customers including processors, retail chains, and HoReCa. Product is delivered without freezing using proprietary ULTRAFRESH technology.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
INARCTICA product offering
Product offeringCore offering
INARCTICA is a vertically integrated aquaculture company that farms, processes, and distributes fresh chilled Atlantic salmon, Arctic sea trout, and freshwater lake trout in Russia. The company controls the full production cycle from smolt cultivation at five owned hatcheries to sea cage farming in the Barents Sea and Karelian lakes, processing at its Murmansk plant, and nationwide cold-chain delivery to retail chains, HoReCa, and processors via the ULTRAFRESH freshness standard.
Product overview
INARCTICA is a vertically integrated salmon aquaculture company that produces and sells premium chilled red fish — Atlantic salmon, Arctic sea trout, and lake trout — under the ULTRAFRESH quality standard. The company controls the entire production cycle from smolt cultivation at five Russian hatcheries to processing at its Murmansk facility and nationwide cold-chain distribution to retail chains and HoReCa. The product portfolio consists of three core fish species, all positioned as premium-quality fresh chilled products with Kosher and Halal certifications.
Differentiator
Problem solved
Functional benefit
Brands
- Arctic UltraFresh: Premium chilled salmon brand with superior quality standards, no antibiotics, growth hormones, or GMOs. Delivered fresh to customers within 2-5 days.
- Arctic Trout (Арктическая форель)
- Lake Trout (Озерная форель)
Products and services
- Atlantic Salmon (Атлантический лосось) Premium chilled Atlantic salmon raised in sea cages in the Barents Sea, available in sizes 4-5, 5-6, and 6+ kg with color 24-26 on the SalmoFan scale. Sold to retail chains, HoReCa, and processors across Russia.
- Arctic Sea Trout (Арктическая форель) Sea trout raised in the Barents Sea, certified Kosher and Halal, richer in potassium, calcium, magnesium, phosphorus and vitamin D3 than salmon. Positioned as unique in the Russian market and ideal for HoReCa due to larger size.
- Lake Trout (Озерная форель) Freshwater trout raised in the pristine lakes of Karelia, available in sizes 1-2, 2-3, and 3-4 kg with color 26-28 on the SalmoFan scale. Sold to retail chains, HoReCa, and processors across Russia.
- ULTRAFRESH Standard Fresh Chilled Fish Premium quality standard for fresh chilled fish ensuring delivery to central Russia within 2-5 days without freezing, maintaining superior freshness. This is the branded product line under which INARCTICA's chilled salmon and trout are sold.
Quantifiable outcome
- 33% increase in fish biomass to 30.1 thousand tons in 2025
- +2 more outcomes
Companies that use INARCTICA
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles4 records
INARCTICA technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability6 records
Feature4 records
INARCTICA partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- McKinsey & Company (historical reference)minorReference to former CEO Vladimir Alexandrov's prior work experience at McKinsey (2001-2020), not an active partnership
Scale indicators10 records
Recent moves5 records
Expansion highlights6 records
INARCTICA competitors and assessment
Company assessmentDirect peers
- SalMar ASA: Norwegian Atlantic salmon farming major producing offshore and coastal salmon, with growing Icelandic and Scottish operations. Closely comparable to INARCTICA on species, sea-cage production method, and integrated value chain.
- Bakkafrost P/F: Faroese vertically-integrated salmon producer with own smolt hatcheries, fishmeal/oil operations, and value-added processing. Closely comparable to INARCTICA on full vertical integration from hatchery to packaged product and premium fresh positioning.
- Cermaq Group AS: Salmon farming subsidiary of Mitsubishi Corporation with operations in Norway, Chile and Canada. Closely comparable in species (Atlantic salmon), sea-cage farming, and vertically-integrated production from smolt to packaged fish.
- Lerøy Seafood Group: Norwegian seafood group with salmon farming, wild catch and value-added processing across Norway and internationally. Comparable to INARCTICA in salmon farming and integrated product offering for retail/HoReCa channels.
- Mowi ASA: World's largest Atlantic salmon producer with integrated farming, processing and sales operations across Norway, Scotland, Chile, Canada and Ireland. Directly comparable to INARCTICA in species (Atlantic salmon), vertically-integrated business model, and end-market focus on fresh chilled distribution.
- Grieg Seafood ASA: Norwegian salmon farmer with operations in Norway, Scotland and British Columbia producing Atlantic salmon via sea-cage aquaculture. Directly comparable in species, farming technique, and target markets (Europe retail + HoReCa).
Regional players
- Australis Seafood (Joyvio): Chilean Atlantic salmon farmer (acquired by Joyvio Agriculture) operating in southern Chile. Comparable on species and sea-cage production but focused primarily on Asian markets; provides insight into salmon production in non-Arctic geographies.
- Russian Fishery Company: One of Russia's largest seafood producers, focused on wild-caught pollock and other species. Comparable to INARCTICA as another major Russian seafood supplier serving similar retail and HoReCa channels, though focused on wild catch rather than aquaculture.
Emerging players
- Atlantic Sapphire ASA: Pioneering land-based (RAS) Atlantic salmon producer targeting the US market. Comparable to INARCTICA on species and premium positioning but uses land-based rather than sea-cage production, representing an alternative technology approach to the same market.
- AquaBounty Technologies: Land-based salmon (and previously GMO salmon) producer with US and Canadian facilities. Comparable on species focus but operates at much smaller scale; offers insight into alternative production models challenging traditional sea-cage aquaculture.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
INARCTICA social profiles
Digital presenceINARCTICA compliance and trust
Trust signalCompliance5 records
INARCTICA financial estimates
Financial estimateRevenue estimate
Valuation estimate
INARCTICA leadership team
Management profileNumber of profiles
Profiles12 records
INARCTICA subsidiaries and ownership
Company hierarchySubsidiaries7 records
INARCTICA funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
INARCTICA 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 INARCTICA
What does INARCTICA do?
INARCTICA is a vertically integrated aquaculture company that farms, processes, and distributes fresh chilled Atlantic salmon, Arctic sea trout, and freshwater lake trout in Russia. The company controls the full production cycle from smolt cultivation at five owned hatcheries to sea cage farming in the Barents Sea and Karelian lakes, processing at its Murmansk plant, and nationwide cold-chain delivery to retail chains, HoReCa, and processors via the ULTRAFRESH freshness standard.
Is INARCTICA a public or private company?
INARCTICA is a public company. It is classified as public and is currently operating.
When was INARCTICA founded?
INARCTICA was founded in 1997. It employs 11 to 50 people.
Where is INARCTICA based?
INARCTICA is headquartered in Moscow, Russia, in the Europe region.
How does INARCTICA make money?
One revenue line is on record: fresh Chilled Salmon and Trout Sales.
Who are INARCTICA's main competitors?
Direct peers on record are SalMar ASA, Bakkafrost P/F, Cermaq Group AS, Lerøy Seafood Group, Mowi ASA and Grieg Seafood ASA. Regional players are Australis Seafood (Joyvio) and Russian Fishery Company. Emerging players are Atlantic Sapphire ASA and AquaBounty Technologies.
Does INARCTICA have an API?
No public API is recorded for INARCTICA.
What industry is INARCTICA in?
INARCTICA's product category is Aquaculture Salmon and Trout Production. Its primary akta.pro industry code is AFANADAL, Aquaculture Harvest, Processing & Packing (Farmed Finfish/Shellfish; On-Farm Plants), with a secondary code of AFANADAA, Primary Seafood Processing (Heading/Gutting/Deheading; Icing). Its NAICS code is 112511 and its SIC code is 2092.