Loch Duart posts heavy loss in drive for growth
Independent Scottish salmon farmer Loch Duart has recorded a pre-tax loss of £3.8m, which it says is due to the financial cost of its growth programme.
Loch Duart saw turnover up 25% to £55m for the year to 31 March 2025, and its gross profit (revenue minus cost of sales) was £12.1m. This was more than swallowed up, however, by administrative expenses (£14.2m) and finance expenses (£2.7m). For the previous financial year, the company posted a small profit of £0.4m.
The company said: “The increase in turnover followed the previous plan to support growth, whilst the loss was created largely through the cost of funds raised to continue that growth.”
The harvest for the financial year (gutted weight) was 5,620 metric tons, compared with 3,893 tons in 2023/24.
Net assets were marginally up, from £47.9m to £48.1m. No dividend is proposed for 2024/25.
The highest paid director received £233,114 including pension contributions, down from £338,899 the previous year. June saw the departure of the company’s Sales Director, Chris Orr.
This year, Loch Duart introduced its own bespoke welfare standard, having withdrawn from the RSPCA Assured scheme. The company also launched its own brand of high-end smoked salmon.
Why not try these links to see what our Fish Farmer AI can tell you.
(Please note this is an experimental service)
You May Also Like
Sign up to our daily Newsletters
Permission Statement
Yes! I would like to be sent emails from Fish Farmer Magazine
I understand that my personal information will not be shared with any third parties, and will only be used to provide me with useful targeted articles as indicated.
I'm also aware that I can un-subscribe at any point either from each email notification or on My Account screen.
© 2025 Fish Farmer.