After a few tough years, Royal Greenland has delivered a positive set of figures for 2025, with revenue maintained despite a drop in catches – and a return to profitability.
‘Even though we have had less raw material to work with, we have managed to maintain our revenue. This is due to rising market prices, but to an even greater extent to a focused effort across the organisation, with tight cost control and efficiency improvements, allowing us to create more value,’ said Royal Greenland CEO Toke Binzer.
Revenue amounted to DKK 5,677 million compared with DKK 5,622 million the previous year. Operating profit (EBIT) was DKK 299 million, up from DKK 161 million in 2024. The outcome is a modest profit of DKK 6 million.
This significant improvement in operating performance contributes to stronger cash flow and a stronger basis for financing future investments in the business without increasing the debt burden.
‘We have strengthened our earnings and our financial position, giving us a much better starting point for investing in our production and land-based facilities in Greenland in the coming years,’ Toke Binzer said.
During 2025, Royal Greenland implemented a number of initiatives that strengthened operations and reduced costs. Across 2024 and 2025, total savings of more than DKK 150 million have been realised.
These measures include a reduction in administrative functions outside Greenland and tighter working capital management, more efficient operations through improved planning and utilisation of capacity across factories and functions, and increased digitalisation and a simpler organisational structure, which strengthens decision-making and collaboration across countries.
In 2025, Royal Greenland addressed a number of activities that had negatively affected results for some years. This includes operations in Chile and Norway, as well as a long-standing tax case in Germany. The streamlining of these activities has had a clear effect on the overall result for the year and also provides a clearer and more robust foundation for future development.
‘The decisions we have taken are fundamentally about strengthening our focus on the core business in the North Atlantic. At the same time, in 2025 we have brought the Executive Management together in Nuuk, closer to both fisheries and production. This provides a stronger basis for decision-making and a clearer anchoring in what creates value for Royal Greenland,’ Toke Binzer commented.
