BioMar Highlights

BioMar is one of the world’s leading global aquafeed providers, serving farmers of high-value species across the full lifecycle, including species such as salmon, salmonids, shrimp, sea bass, sea bream, trout, turbot and many more.

BioMar develops, produces and delivers advanced aquafeed solutions optimising growth performance, promoting animal health, ensuring product quality and progressing sustainability. With deep expertise in the nutritional composition of raw materials and species-specific requirements across different growth stages, farming systems and environmental conditions, BioMar supports responsible seafood production in more than 90 countries. Our approach is centred on partnership-based collaboration across the aquaculture value chain, combining innovative feed formulations with advisory services and technology-driven insights to enhance farming performance.

To protect the natural populations of fish in the sea, the catch of wild fish is restricted. Hence, aquaculture has overtaken wild catch as the primary source of seafood.

It is expected to account for most of the future growth in seafood supply. Growth is increasingly driven by high-value species such as salmon and shrimp, reflecting rising demand for premium, sustainably produced seafood.

Aquaculture is widely regarded as the most sustainable source of animal protein and represents the fastest-growing segments of animal farming globally. The rising consumer demand for responsible produced seafood is supported by long-term structural megatrends towards more healthy and sustainable protein sources.

Global population growth and rising income levels are driving higher consumption of animal protein, with total global protein demand expected to increase significantly over the coming decades.

Aquaculture is well positioned to address this demand through scalable, efficient and responsible production systems.

With more knowledge about health and nutritional requirements of the high-value aquatic species, the complexity of aquaculture farming is increasing. This shift is further supported by advanced technology and data-driven practices.

It is possible to formulate from a wide basket of raw materials to exactly meet the needs of an animal during a specific life stage and in specific farming conditions.

This places aquafeed solution providers with strong formulation expertise, ingredient knowledge and innovation capabilities in a strategically attractive position within the value chain.

Aquafeed production represents a critical and value-adding segment in the aquaculture value chain. By transforming natural ingredients based on marine, vegetable and novel raw materials into advanced nutritional and technical feed solutions, aquafeed producers play a central role in optimising biological performance, cost efficiency and environmental outcomes in aquaculture.
Feed typically represents more than 50% of farmers’ operating costs, while up to 80% of a farm’s carbon footprint can be attributed to feed. As a result, feed performance, cost efficiency and environmental impact are decisive factors for farming profitability and long-term viability.

BioMar has since the company was established more than 60 years ago been driven by the purpose of innovating for an efficient and sustainable global aquaculture, enabling the future of seafood.

BioMar has demonstrated a robust long-term financial track record, delivering consistent growth and earnings expansion. Over the past decade, BioMar achieved solid compound annual growth in volumes, EBIT and net profit, reflecting disciplined execution, portfolio optimisation and a growing share of value-added products.

In recent years, profitability has further strengthened, supported by improving EBIT per tonne driven by a sharp focus on relevant customer segments, operational efficiencies and continued expansion of innovative feed solutions with a potential for mutual value creation in the value chain.

We combine growth with strong returns and disciplined capital allocation. BioMar consistently delivers high ROIC and strong cash-flow generation enabled by strong and consistent earnings, efficient use of capital and limited maintenance capex.
A low capital intensity business model and high cash conversion enable continued investment in innovation and growth initiatives while maintaining financial flexibility.

BioMar’s resilient earnings profile, diversified growth drivers and capital-efficient operating model underpin a compelling long-term investment case with attractive returns and downside resilience.