Terrific earnings in Icelandic Brim

The North Atlantic fishermen, including the Icelandic fishing company Brim, had a financially strong year in 2025. Fish catches were large and prices were good.

This is shown by the figures in the annual accounts from Brim. 2025 has been one of the company's best in recent years.

Last year, Brim made a record profit of 60 million euros after tax, equivalent to 448 million Danish kroner. So there was an amazing profit. In 2023, the profit was 50 million kroner lower.

In terms of turnover and quotas, Brim, whose largest owner Gudmundur Kristjánsson is the CEO, is one of Iceland's largest fishing companies.

In 2025, Brim had a turnover of 410 million euros, equivalent to just over three billion kroner.

Fishing king Gudmundur Kristjánsson and the companies he is active in, including Brim, are the largest foreign player in Greenlandic fishing.

The second largest player in Greenlandic latitudes is the Faroese JKL group, headed by the Faroese fishing king Hanus Hansen.

Largest quota owner in Iceland

According to the accounts for 2025, Brim had a pelagic fishery of 102,000 tons. Brim's pelagic trawlers thus caught 6,000 tonnes more than the previous year. The growth in catches was mainly driven by good mackerel fishing. There was also growth in mackerel and herring fishing.

When it comes to the reasons for the solid financial results, Brim reports in its 2025 accounts significant increases in the prices of cod and haddock, which are produced on board freezer trawlers. On the other hand, prices for redfish remained low. In addition, there have been good prices for fishmeal.

Gudmundur Kristjánsson and Greenland

As mentioned, Gudmundur Kristjánsson and his companies are, together, the largest foreign player in Greenlandic fishing. He is the 100% owner of Línuskip ehf. and three other companies that own Útgerdarfélag Reykjavíur hf. (abbreviated to ÚR).

Gudmundur Kristjánsson is the 100% owner of ÚR, which owns almost 44% of Brim hf., making Gudmundur Kristjánsson the group's largest owner.

Kristjánsson owns, through the company Línuskip, just under a third of Greenland's Arctic Prime Coastal, while Arctic Prime Fisheries director Hentzar Petersen owns the rest. The parent company of Arctic Prime Fisheries is Arctic Prime Coastal.

Gudmundur Kristjansson owns, through Línuskip, 100% of Arctic Prime Production ApS, which owns three fish factories in Nanortalik, Qaqortoq and Kuummiut, which are operated by Arctic Prime Coastal ApS.

Through S-13 Holding ApS, Brim hf. owns 50% of the company Polar Seafood Denmark A/S.