For the first time, a cod farming company emerged as the country’s largest supplier of cod. With annual volume growth exceeding 110%, driven by increased activity and substantial improvements in biological performance, Ode became the largest single supplier of cod from Norway in 2025. The achievement reflects a long-term strategy built on fully integrated operations, a modern and scalable organization, and strong biological control.

In 2025, Ode accounted for approximately 65% of Norway’s total farmed cod production of 15,493 tonnes and close to 30% of the combined export volume of fresh wild-caught and farmed cod from Norway, totaling 36,704 tonnes.

Since its establishment in 2020, Ode has made consistent investments to build a leading position in farmed cod and has now expanded its role to become a central player across the entire cod category. More than 20 leading retail chains and HoReCa distributors across Europe, the United States, and Asia represent the majority of Ode’s revenues. Growth in customer cod programs, supported by reliable year-round supply and consistently high product quality, was a key driver of performance in 2025.

“Our 2025 results represent an important milestone, but they are far from the end goal. We have demonstrated that it is possible to deliver consistently high quality at scale, while achieving low feed conversion, high survival rates, and strong growth performance. This is the result of long-term work and the dedication of a highly skilled and passionate organization. I am proud of what the Ode team has achieved together in 2025,” says CEO Ola Kvalheim.

At a time when growth in Norwegian seafood production has been limited, the success of farmed cod is helping to meet increasing customer demand and support further market development. This strengthens Norway’s position as a reliable supplier of healthy, sustainable food to both domestic and international markets during a period of global uncertainty. Farmed cod has now become an established and increasingly important component of Norway’s seafood export portfolio.

At year-end 2025, Ode employed approximately 250 people across its value chain, with more than 75 new employees recruited during the year. The growth in the organization reflects rising activity levels and the company’s ambition to continue developing as a leading, knowledge-driven player in the cod farming industry.

During the year, Ode continued its investment in submersible cage technology, contributing to improved biological control and performance in the sea phase. Significant investments were also made in product development and processing, enabling year-round employment, higher and more consistent product quality, and closer collaboration with customers on product innovation.

With increased production capacity, a strengthened organization, and targeted investments in technology and infrastructure, Ode is well positioned for continued growth in the years ahead - as a key contributor to the Norwegian seafood industry and a reliable supplier of high-quality cod to global markets.

“Customer feedback throughout 2025 has been exceptional. The quality we deliver is both high and consistent, and our customers are achieving strong results with our products. Our portfolio aligns closely with key global megatrends, including rising demand for healthy, clean proteins produced in a long-term, renewable, and low-footprint manner. This positions Ode well for continued growth in the years to come,” Kvalheim concludes.