Greenland’s undisputed largest private companythe supertanker Polar Seafood Greenland A/S, is shoveling in money. The profit in the most recent financial year is at the very top.
In 2025, the group delivered the largest profit ever, namely DKK 241 million after tax, compared to DKK 99 million in 2024.
Greenland’s undisputed largest private companythe supertanker Polar Seafood Greenland A/S, is shoveling in money. The profit in the most recent financial year is at the very top.
In 2025, the group delivered the largest profit ever, namely DKK 241 million after tax, compared to DKK 99 million in 2024.
Polar Seafood Greenland, headquartered in Nuuk, had a turnover of DKK 1.7 billion last year, compared to DKK 1.6 billion in 2024.
The operating profit rose to DKK 236 million against DKK 95 million the previous year.
The result is supported by a combination of strong prices for the group’s most important species, persistent demand for arctic seafood products and a disciplined effort from fishermen, factory employees and the administration. This is what the company says in a press release.
2025 has been particularly characterized by high prices for halibut, mackerel and cod in the markets where Polar Seafood has the strongest presence.
Equity of DKK 1.6 billion
Despite considerable geopolitical unrest, the demand for seafood from the Arctic area has been persistent, and this has led to stable turnover. In addition, there is a large volume during the mackerel season, which has contributed significantly to the year’s operating profit.
With an equity capital of almost DKK 1.6 billion, Polar Seafood Greenland is exceptionally well equipped financially,
– We are proud, but also humbled by the 2025 result. We recognize that a significant part of the result is borne by favorable prices on the world market and by sensible fishing.
– It is not only our profit. It is particularly pleasing that the fishermen have obtained higher prices in 2025. That is where the value creation starts, says managing director Bent Salling.
Have sold trawler
During 2025, the fishing group carried out what the management describes as a deliberate adaptation of the group’s trawler fleet through the sale of the trawler Polar Nataarnaq.
The sale is a direct consequence of the falling quota, TAC, on shrimp as well as adaptation to the new fisheries law, and it was a necessary step to ensure that the group’s capacity matches the future fishing opportunities and quota conditions, the company says.
Challenges this year
Polar Seafood Greenland expects 2026 to be challenging on the shrimp side, and the group is preparing the business for a lower catch level.
In 2025 and into 2026, Polar Seafood Greenland has maintained the hope of getting a political solution to the issue of raw material access to the factory in Aasiaat.
A positive clarification is essential to preserve the majority of local jobs, which are a cornerstone of the city’s business life. The group is ready to cooperate constructively with Naalakkersuisut and local stakeholders on a sustainable solution, the group writes.
– We have started 2026 with strong positions and a robust organisation, but also with open eyes for the structural challenges on the shrimp side. The sale of Polar Nataarnaq is a necessary step, and our hope now is that, together with Naalakkersuisut and local stakeholders, we will find a politically facilitated solution for Aasiaat, for the factory workplaces – and for the city, says managing director Miki Brøns.
Annual social contribution of DKK 1.3 billion
Polar Seafood Greenland contributes significantly to the Greenlandic economy through fishing fees, wages to employees, payments to external fishermen and through tax payments.
In 2025, the total contribution to society amounted to DKK 1.3 billion. It was divided into DKK 138 million in fishing taxes, DKK 525 million in wages to employees, DKK 447 million in payments to external fishermen and DKK 220 million in tax payments.
Newly trained fishing skippers and machinists
Polar Seafood Greenland’s aspirant program celebrates its 10th anniversary this year. In the graduate program, young people and employees are trained for e.g. fishing skippers and machinists.
In 2025, five officers graduated from the graduate program. Four of them are now permanent employees on Polar Seafood trawlers. Five new aspirants were also admitted, and at the end of the accounting period there were seven active officer aspirants in the group.
Polar Seafood Greenland’s partnerships in Upernavik, Uummannaq and Rodebay have experienced significant progress in 2025.
The procurement facilities have gone from a total deficit in 2024 to a total profit of just over DKK 19 million in 2025.
Miki Brøns: – We are proud
– We are proud to see how Polar Seafood Greenland contributes to economic security and activity in cities and settlements. It is money that i.a. can be used for food, rent, kindergartens, schools, care for the elderly and hospitals, says managing director Miki Brøns.
– Our contribution to society is more than one billion kroner every year. It is created because we and our many skilled employees run the company professionally and efficiently.
– We want to continue with that, which our full takeover of Polar Seafood Denmark is also an expression of, says Bent Salling.
