48 million DKK 

This is the improvement in Royal Greenland's half-year result before tax for 2025, compared to the result for 2024. And a total of 102 million DKK compared to 2023. 

A result that underscores the effect of the initiatives decided in 2024, including the turnaround plan "Back-to-Black," which has ensured significant revenue and cost improvements for the company. The comprehensive plan was implemented in 2024 to ensure immediate and effective measures, especially on the company's cost side. Following the turnaround plan, the company's three-year strategy "INUA 2027" was developed and decided, and it is now also beginning to have a positive impact on the business. 

-With the half-year report in hand, we are confirmed that the economic ambitions in our new strategy are within reach: To achieve an EBIT margin of 5% and a result before tax of 250 million DKK in 2027. But it requires that we continue to work purposefully on both reducing costs and improving earnings in constantly changing markets, says Preben Sunke, interim CEO.

Challenging Conditions
The result before tax shows a deficit of 11 million DKK and is described, despite the improvement compared to last year, as "unsatisfactory" in light of the company's long-term economic ambitions. The result was achieved during a period when Royal Greenland experienced challenges with unstable ice formation, lower catch rates, and delays in vessel operations, which negatively affected both halibut, shrimp, and lumpfish fishing. However, offshore fishing for halibut and cod is stable, and capelin fishing in East Greenland has resumed. Sales volumes are overall 11% lower than the same period in 2024.

International Activities
Looking at international activities, reasonable results have been achieved in Canada based on good catches in the first half of the year. In Chile, the business plan is being followed, and after completed analyses, it has been decided to explore the possibilities of divesting the company's shares in the Chilean part of the business. Royal Greenland's collaborative partner in Norway, Maniitsoq AS, has just received a negative decision on the appeal  against the revocation of its fishing license for snow crabs. Royal Greenland is there for initiating the winding down of the cooperation with Maniitsoq AS in Norway.

Next half year
In the second half of 2025, Royal Greenland expects that shrimp and inshore halibut and cod fishing will continue to be challenged. The political ambition to reallocate parts of the company's offshore halibut quota, if implemented, could negatively affect the result for the second half of the year.

Positive trends in market prices and the arrival of the new high-tech trawler, Kaassaasuk, which completes the company's trawler fleet, however, give expectations of continued earnings growth in the second half of the year.

-Royal Greenland has a special social responsibility as a company owned by the Greenlandic Government, and we take that very seriously. Therefore, we work every day to develop our business responsibly – we continuously look at how we can create increased value on the quality products we sell to customers worldwide, while maintaining a continuous focus on the efficiency of the way we run the business. We do this so that we can ultimately create value for the business, our skilled employees, and the Greenlandic society," says Preben Sunke, and adds that Royal Greenland's investment program in the coming years will focus on land facilities in Greenland. 

An important step has already been taken with the establishment of the fish factory in Tasiilaq, which opened for reception of fish in 2025.

For further information
Communications Consultant Mai Christensen 
E-mail: mach@royalgreenland.com 
Phone: +45 25463307