Royal Greenland delivered a profit before tax of DKK 217 million in the first half of 2026, compared with a loss of DKK 11 million in the same period last year.

The improved result reflects higher market prices for several of our key species, combined with continued operational improvements across the business. Revenue increased by 16.5% while sales volumes remained stable compared with the first half of 2025.

"We are pleased with the significant improvement in our first-half results. Favourable market conditions have contributed positively, but the results also reflect the improvements we have implemented across our operations over the past years. A stronger financial performance enables us to continue investing in the long-term development of our business while strengthening our competitiveness," says CEO Toke Binzer.

Investing in long-term competitiveness

As part of our INUA 2027 strategy, we continue to invest across our North Atlantic operations to adapt to changing fisheries, improve operational efficiency and create greater value from available raw materials. At the same time, these investments demonstrate our long-term commitment to the coastal communities where we operate by supporting local employment, developing skills and creating sustainable value.

Current investments include the modernisation of processing facilities in Greenland to support increased cod processing, improve raw material utilisation and increase value creation. We also continue to invest in our Canadian operations, improving production efficiency, strengthening local capabilities and supporting the long-term development of the coastal communities where we operate.

"Fisheries are changing, and our business must evolve accordingly. We continue to invest where we see the greatest long-term potential—whether through modernising our production footprint, improving raw material utilisation or adapting our operations to changing resource availability. These investments strengthen our competitiveness while reinforcing our long-term commitment to the communities where we operate across the North Atlantic," says Toke Binzer.

Continuing the transformation

Despite significantly improved financial performance, we remain focused on strengthening our business. Cost levels remain high, while declining shrimp quotas continue to challenge the raw material base in parts of the North Atlantic.

For the second half of 2026, we expect continued earnings improvement. Market conditions remain favourable, although geopolitical uncertainty continues to affect global markets.

We therefore remain committed to our strategy, with continued focus on operational improvements, cost efficiency, securing access to raw materials and increasing sales of value-added seafood products.