Bakkafrost Q1 sees Faroes harvest up, Scotland holding steady

The company is the first major Nordic salmon farmer to announce its first quarter output for this year.

The Faroes harvest between January and March 2026 was 25,100 metric tons in the Faroes, an increase of 6,200 tons over the same period last year.

The average weight was also up at 5.8 kilos against 5.1 kilos in Q1 2025. Weights were higher in all three months of the quarter.

For Scotland, the harvest total was 6,200 tons, with February and March the two best performing months. The corresponding figure last year was 6,300 tons. The average weight for Scotland was 6.4 kilos against 6.7 kilos in Q1 2025.

Based on preliminary numbers the incident-based mortality costs in farming were: two million Danish kroner (£233,000) for Scotland and nil for the Faroes.

Scottish incident mortality costs in Freshwater totalled DKK 15 million (£1.76m) and again nil for the Faroe Islands.

For Scotland this is a marked increase on a year ago when the mortality costs were eight million Danish kroner (£930,000).

The 2026 Q1 smolt release was 3.9 million (3.2 million last year) and one million (0.6 million last year ) in Scotland.

Feed sales totalled 35,400 tons (31,300 tons last year) while fish meal sales were down from 3,600 tons in Q1 2025 to 1,200 tons this year.

Bakkafrost said the full first quarter results, along with the company’s financial performance, will be published on 19 May.