BioMar reports record revenues for H1 2025
International aquafeed group BioMar has reported record volume sales for the first half of 2025, but profits – while solid – are slightly down on the previous year. The company said this is due to a focus on targeting larger volume customers, as part of BioMar’s growth strategy.
BioMar’s revenue for the year to date, in Danish kroner, was DKK 7.372bn (£851.6m) compared with DKK 7.238bn (£836.2m) in H1 2024.
Revenue for the most recent quarter was DKK 3.973bn (£459m), slightly down on the exceptional DKK 3.994bn (£461.4) recorded for Q2 2024.
Profit in the form of EBITDA was DKK 555m (£64.1m) compared with DKK 631m (£72.9) in H1 2024.
BioMar CEO Carlos Diaz said: “As a part of our strategic commitment to growth, we have successfully continued the increase in sales volumes in Q2, reinforcing value-creating partnerships with key customers across our markets. I am proud to witness that this growth was achieved with healthy profitability, improved cash flow and a solid ROIC.
As expected, a change in customer mix towards large customers with larger volumes impacted profit measured per tonne, while we continue our focus on achieving the critical volumes to be efficient and competitive, while optimising our cash discipline.”
The group’s non-consolidated joint venture feed companies in China and Turkey have reported an EBITDA for the quarter at DKK 48m (£5.5m) against DKK 64m (£7.39m) in Q2 2024.
BioMar expects to generate full-year 2025 revenue of about DKK 16.3bn-17.0bn (£1.9bn-£2bn) compared to previous guidance at DKK 16bn -17bn, but changing market conditions and volatile prices of raw materials may as always impact the revenue forecast substantially. Due to the result for H1 and the expectations to H2 2025, BioMar is increasing its EBITDA guidance to DKK 1,490m-1,570m (£172.2m-£181.4m) from previous DKKm 1,470-1,570 (£169.8m-£181.4m).
Diaz said: “We have prepared for this ramp-up by strengthening the commercial and operational excellence of the company, reflected in last year’s record earnings. We continue to be on track, rebalancing growth, and I am with great expectations looking forward to the rest of 2025.”
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