Catch of the day: Pictures from spectacular Nigerian fishing festival https://t.co/MB0JwxtK2T ...

Japan said it seized a Chinese fishing vessel and arrested its captain after the ship entered the nation’s exclusive economic zone and sought to avoid inspection https://t.co/yachUAwTvf ...

RT Isabella Anderson (@IsabellaAn67)The giant Chinese fishing ship swarms are brighter than all the cities in the southern half of South America combined!China operates more than 500,000 fishing vessels, and at least 50,000 overseas fishing fleets that wipe the oceans clean on their path!Collectively, they probably consume more petroleum fuel by volume and emit more CO2 than all the cars in Europe combined, let alone the global scale environmental and ecological mass destruction.Never saw @GretaThunberg, @G ...

Japan’s Fisheries Agency seized a Chinese fishing vessel that entered the nation’s exclusive economic zone off the coast of Nagasaki prefecture after it failed to comply with a request for an inspection and fled, according to a statement https://t.co/5EnvDDEZBq ...

If female lobstermen are rare today, they were unheard of when Virginia Oliver was growing up during the Great Depression. We remember the Mainer who lived to 105 https://t.co/sIWZIQLuKf ...

with a land mass three times that of Texas, but with a population just 57,000 able to fit comfortably inside an NFL stadium, Greenland has long been a forgotten outpost. No more. The world's largest island is suddenly the bell of the geopolitical ball with outsized consequences. President Trump offered to buy the territory from the Danish government that controls it. When his overtures were dismissed as absurd, Trump doubled down and now declined to rule out force, also vowing to acquire Greenland, quote, o ...

[applause] I grew up on a lobster warf on the coast of Maine. Some of my earliest memories are of my brother and I paddling around the harbor in our grandfather's rowboat, getting stuck in mud flats while searching for horseshoe crabs, and tracking the summertime mackerel migration with our fishing poles. Now, I'm a fourth generation member of a lobster fishing family.But somehow I did not inherit sea legs and I definitely do not share my family's tolerance for the smell of bait. While my older brother eage ...

Harvest Volumes of Salmon and Trout - Total harvest volume of salmon and trout for Q4 2025 was 49,300 GWT, a decrease from 56,800 GWT in Q4 2024 [1] - For the full year 2025, harvested volume of salmon and trout was 195,600 GWT, an increase from 171,200 GWT in 2024 [1] - Harvest volumes by region/company for Q4 2025 included Lerøy Aurora at 16.4 GWT (up from 15.4 GWT), Lerøy Midt at 16.2 GWT (down from 22.6 GWT), and Lerøy Sjøtroll at 16.8 GWT (down from 18.8 GWT) [1] Catch Volumes of Wildfish - Total wild catch volumes in Lerøy Havfisk for Q4 2025 were 7.6 thousand tonnes, down from 9.8 thousand tonnes in Q4 2024 [2] - The catch volume for 2025 was 57,700 tonnes, a decrease from 65,000 tonnes in 2024 [2] Upcoming Report - The complete Q4 2025 report will be released on 24 February at 06:30 CET [3]

Financial Data and Key Metrics Changes - Total company sales for fiscal 2025 were flat compared to the prior year, with an operating loss of $16.2 million, which improved compared to fiscal 2024 [3][9] - Loss before income taxes for 2025 was $9.3 million, an improvement from a pre-tax loss of $29.9 million in fiscal 2024, primarily due to a prior year goodwill write-off and an increase in gross margin [9][10] - Gross margin for fiscal 2025 improved to 35.1%, up 1.2 points from the prior year [9][10] - Operating expenses decreased by 8%, or $20.2 million, from the prior fiscal year [10] Business Line Data and Key Metrics Changes - In the fishing segment, demand exceeded expectations for Humminbird's new Explore series and MEGA Live 2 fish finders, contributing to growth [4] - Camping and watercraft sales declined for fiscal 2025, primarily due to the closeout of Eureka inventory, but excluding this impact, the segment grew by 2% [4] - Jetboil's new fast boil cooking systems continued to outperform expectations, and Old Town's fishing kayak line performed well despite a struggling overall marketplace [5] - Diving sales increased due to modest improvements in certain regional markets, with the launch of the new Hydros Pro 2 buoyancy control device generating enthusiasm [6][7] Market Data and Key Metrics Changes - The outdoor recreation marketplace remains uncertain, with global macroeconomic challenges expected to continue [8] - The company is focused on expanding its digital and e-commerce capabilities, which are seen as areas of opportunity for growth [7][8] Company Strategy and Development Direction - The company is committed to innovation as a key priority, focusing on consumer-driven products to drive future growth [4][16] - Cost savings initiatives remain a priority, with efforts to enhance operational efficiencies and manage product costs [7][10] - The company aims to strengthen its digital footprint to make products easily accessible to consumers [7] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about market momentum continuing into early fiscal 2026, although it is too early to declare a market turnaround [8][14] - The company plans to continue investing in innovation and operational efficiencies to position itself for future success [8] Other Important Information - The balance sheet remains debt-free, and the company has a healthy cash position, indicating confidence in creating long-term shareholder value [11] Q&A Session Summary Question: Observations on fourth quarter revenue gain and momentum into fiscal 2026 - Management noted excitement about growth in the third and fourth quarters, with ongoing positive market momentum, though it is still early in the year [14] Question: Insights on the new product pipeline for 2026 - Management highlighted ongoing momentum in fishing and diving innovations, emphasizing that product launches span multiple years and innovation remains a key focus [16] Question: Impact of pricing actions due to tariffs and retailer reception - Management confirmed strategic pricing actions were taken, which have been well received by retail partners, with no negative impact on business observed so far [17] Question: Contribution of operational efficiencies to gross margin and future opportunities - Management indicated that operational improvements contributed over a point to gross margin, with ongoing cost savings initiatives planned for fiscal 2026 [18] Question: Expected effective tax rate for fiscal 2026 - Management expects the effective tax rate to return to a more normal range in the mid to high 20s, following the establishment of a deferred tax valuation reserve [20]

Group 1 - Fortuna has acquired Ocean Fish Group, marking its entry into the UK fishing sector, with undisclosed financial terms [1] - The acquisition is expected to enhance Fortuna's strengths, diversify its business, and create synergies between the two companies [2] - Ocean Fish aims to expand its operations and strengthen its UK presence through this acquisition, gaining access to new products and global markets [3] Group 2 - Ocean Fish, previously majority-owned by the Lakeman family, has grown through acquisitions and joint ventures, with Leigh Genge remaining as CEO and minority shareholder [4] - Genge emphasized the alignment between the two firms and the potential for increased turnover, targeting £100 million by 2030, supported by a stronger supply chain [5] - A report highlighted concerns over the sustainability of UK fish stocks, with many being critically low or overexploited, indicating a challenging environment for the fishing industry [6]