Leroy Seafood Group ASA (Leroy), a subsidiary of Austevoll Seafood ASA, is a global seafood processor and distributor. The company operates a vertically integrated seafood value chain and is involved in the farming of salmon and trout, wild catch of whitefish, processing, value-added production, sales, marketing, and distribution of seafood products. The company distributes seafood products to more than 80 markets worldwide.

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Leroy’s research, development, and innovation activities were primarily focused on improving biological performance, fish health, fish welfare, production efficiency, sustainability, and technology deployment across its integrated seafood value chain. Within the Farming segment, the company continued to invest in genetics, roe production, smolt production, robust production protocols, and shielding technologies to improve fish health, survival rates, growth performance, and production outcomes. In FY2025, more than one-third of the Group’s standing biomass was held in shielded production systems. The company expanded the use of submersible cages, semi-closed and closed containment systems, and optical laser delousing technologies to reduce sea lice pressure and limit fish handling. Leroy also continued strategic partnerships in fish genetics and breeding programs to develop more robust salmon and trout stocks, while investments in land-based post-smolt and recirculating aquaculture system (RAS) facilities supported improved smolt quality and biological performance. The company continued to invest in innovation-related projects associated with aquaculture technology, climate reduction initiatives, feed development, and processing efficiency. Research and development activities included deployment of shielding technology, participation in joint development programs involving closed containment systems (Aquatraz C2), investments in hygienic design and food safety systems, development of climate-related initiatives to reduce emissions associated with fish feed and logistics, and ongoing work through research and development licenses, demonstration licenses, and teaching licenses within Norwegian aquaculture operations. The company also maintained investments in Ocean Forest, which focuses on marine resource development activities, and continued collaboration with research institutions and industry organizations through R&D, demonstration, and educational license frameworks.