Blumar Q1 Profit Boosted by Fishing Gains as Salmon Business Weighs on Results
Blumar reported profits of $15.6 million in the first quarter of 2026, supported by strong results in fishing that offset continued weakness in salmon. The fishing business contributed $18.8 million to net income, while salmon posted a loss of $3.1 million.
Consolidated revenues totaled $192.5 million, down 8% from a year earlier. EBITDA pre-fair value reached $34.4 million, a 3% decline, and net income was 44% lower year on year. Segment results continued to diverge, with...
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