Facts and figures

Russian Aquaculture is a leader in the production of Atlantic salmon and trout in Russia.

The Company’s core business areas are:

  • commercial farming of Atlantic salmon and sea trout in the Barents Sea in the Murmansk region;

  • commercial farming of trout in the lakes of the Republic of Karelia

Russian Aquaculture’s core strategic focus is on developing its aquaculture business. The Company currently owns cultivation rights for 39 sites for farming salmon and rainbow trout. The total potential production volume for these sites is around 50 ths tons of salmonids.

The Company’s long-term development strategy involves the creation of the largest vertically integrated player in the aquaculture market, including the production of feed and stocking material, primary processing, and distribution of the Company’s own products.


Foundation. The Company was founded as herring and mackerel importer in 1997.

IPO. In 2010 OJSC Russian Sea Group is placing its ordinary shares on MICEX and RTS, which was the first IPO of a Russian company on Russia’s stock market since 2007.

Sale of the finished product segment . On February 28, 2013, the sale of 100% in CJSC Russian Sea to a group of strategic investors is completed. The main goal is to focus on the segments: aquaculture and distribution.

Renaming. In 2015, the name of the Company was changed from the Russian Sea Group of Companies to Russian Aquaculture.

Sale of the distribution segment. On August 4, 2016, the sale of the Company’s distribution business – CJSC Russian Fish Company – was completed. Commercial fish farming is a top priority.

Smolt. In July and October 2017, the Company completed acquisition of two smolt plants in Norway — Villa Smolt AS and Olden Oppdrettsanlegg AS. The plants hold licenses for the aggregate production of 7 million pcs. of rainbow trout and Atlantic salmon per annum.

Processing. In November 2018, the Company acquires 40% share in the group of fish processing companies in Murmansk.

Scale. The Company put into operation its first complex of 156 meter hatcheries in Kildin strait of the Barents Sea. A mechanical delousing barge and the second live fish carrier acquired.

The annual growth of marketable biomass in 2020 amounted to the record-setting 30.6 tones. An option to reach 100% ownership of the processing plant was acquired. The Company's new brand concept — INARCTICA — was developed. The first dividends in the amount of RUB 430 mln were paid. The free float volume increased from 8% to 14%

RUB million 2020 2019 2018 2017
Sales volume, tonnes 15 510 16 967 6 500 10 222
Revenue 8 336 8 798 3 212 5 022
EBITDA 3 375 3 432 974 2 072
EBITDA margin 40% 39% 30% 41%


Headcount was 500 employees.


  • Head office is located in Moscow
  • In the Murmansk region (6 stocked farms in the Barents Sea) and Karelia (3 stocked areas in Lake Segozero), operations are concentrated on the cultivation of Atlantic salmon, sea and lake trout
  • Two smolt facilities in Norway