These results reflect Thai Union’s ability to navigate a challenging global environment through its disciplined execution of Strategy 2030. Despite higher energy, freight and raw material costs and pressure on consumers from inflation, the.company continued to grow sales of higher-value products while improving productivity and delivering cost savings.

Thai Union enters the final quarter of 2026 with solid momentum. For the first nine months, sales increased 4.0% year-on-year, and gross profit margin reached a nine-month record of 20.0%, while earnings per share rose 7.8% to THB 0.97.

The company is sharpening how it deploys capital, prioritizing investment in areas with the strongest potential returns, actively managing working capital and optimizing its financing. Sustainability remains integrated into these decisions, including through the company’s use of blue financing, aligning its financial strategy with its long-term sustainability ambitions.

President and CEO Thiraphong Chansiri stated: “With the strong performance we have delivered through the first nine months, we remain confident in our full-year guidance. More importantly, we are making clear choices about where we invest and how we grow, strengthening our brands, expanding higher-value businesses, and focusing our capital on the opportunities that can deliver the most value. We are confident that Strategy 2030 is positioning Thai Union to deliver stronger, more sustainable growth.”

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The debut comes as research shows strong consumer demand for fish at a time when many shoppers lack the confidence or inspiration to cook seafood regularly. Though 78% of shoppers in Britain say they would like to eat more fish, 57% say they would do so if it was easier to prepare.

Designed to make seafood more accessible and convenient, Gastro Basa in Garlic & Herb Sauce makes it simple for home meal makers to incorporate fish into a wider range of meal occasions beyond fish and chips.

Now valued at £69.5 million, the Gastro range demonstrates the opportunity premium seafood can provide both consumers and retailers. In fact, 10% of Young’s Gastro purchases include wine, highlighting how the range helps create elevate at-home meal occasions and drives incremental value for supermarkets and other grocery stores.

Kevin Sinfield, seafood marketing director at Sofina Foods Europe, home of Young’s Seafood, commented: “We know many shoppers want to eat more fish, but they’re often looking for easier ways to make it part of weekly meal routines. Gastro Basa in Sauce combines quality seafood with rich, comforting flavors, offering a convenient meal option that doesn’t compromise on taste, and has been developed to remove some of the barriers associated with cooking seafood. With more people seeking high-quality meals at home, the range delivers an elevated dining experience without the time or effort required to cook from scratch.”

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The consideration represents a premium of approximately 79% to the closing price of the shares on the Toronto Stock Exchange on October 23, and 86% to their 20-day volume-weighted average price for the period ending on that date. The deal values the frozen seafood company at approximately C$804 million on a fully diluted equity basis and C$1.25 billion on an enterprise value basis.Upon completion of the transaction the company will repay in full its outstanding credit facilities.

Umios, a Japanese seafood giant formerly doing business as Maruha Nichiro, is one of the world’s largest seafood and marine-protein companies and a longstanding supplier to High Liner Foods. The acquisition advances its strategy to build a more integrated global seafood and protein business, with High Liner Foods central to its North American expansion.

Thornridge Holdings Limited, which controls approximately 41.4% of the outstanding shares, has entered into a voting and support agreement under which it has agreed, subject to the terms thereof, to vote all its shares in favor of the deal. Moreover, each director and officer of the company has entered into a support and voting agreement pursuant to which each such person has agreed, subject to the terms thereof, to vote all of their shares in favosr of the transaction. Consequently, holders representing approximately 45.4% of the outstanding stock have agreed to vote their shares in favor of the deal.

“Umios’ offer recognizes the value of High Liner Foods’ business and its future potential, delivering a substantial premium and certainty of cash value to our shareholders,” said Robert Pace, chairman of the board and chairman of the special committee. “As part of our competitive review process, we assessed competing proposals alongside the company’s prospects as an independent business and concluded that Umios’ offer represents the best value for shareholders while supporting High Liner Foods’ next phase of growth.”

“This transaction is a powerful endorsement of High Liner Foods, our people and the business we have built from our roots in Lunenburg,” said Paul Jewer, president and chief executive officer. “We know Umios through a longstanding commercial relationship, and Umios knows the value of our expertise, brands and customer relationships. Joining a global seafood leader gives us the scale, sourcing capabilities and investment capacity to pursue our ambitions in an industry poised for growth. Umios’ commitment to keeping our headquarters in Nova Scotia and its plans to invest in our people and the business give us confidence that this is the right path forward for High Liner Foods and our stakeholders.”

“High Liner Foods brings the capabilities and expertise needed to advance our North American growth strategy,” said Daisuke Yasuda, representative director and president of Umios. “As seafood consumption grows, we see significant value in connecting our access to marine resources with High Liner Foods’ ability to develop and deliver products customers want. Our offer reflects that strategic value, delivering a compelling return to High Liner Foods shareholders while creating opportunities for long-term growth and value creation for Umios. We look forward to working with the High Liner team to realize that potential together.”

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“We want guests to have more reasons to say ‘yes’ when they’re getting together,” said Andy Pitts, chief marketing officer the Orlando, Florida-headquartered company. “This October, that means more value and choice, with some fun built in – all centered on the food, flavor and hospitality they expect from us.”

From October 9-12, customers can add a $1 individually-sized appetizer to any entrée when dining in at Red Lobster restaurants across the USA. They may choose from the following:

• Parrot Isle Coconut Shrimp – three hand-breaded jumbo coconut shrimp served with piña colada sauce.

• Shrimp Cocktail – four premium jumbo shrimp with cocktail sauce.

• Mozzarella Cheesesticks – four mozzarella sticks served with marinara sauce.

The Endless Shrimp deal continues for a limited time, and beginning October 12 New Old Bay Seasoned Scampi joins the lineup. Priced at $24.99 at most participating locations, the promotion lets guests mix and match six flavors throughout the meal for as much shrimp as they like, served with a choice of one side dish and Cheddar Bay Biscuits.

The full lineup includes New Old Bay Seasoned Scampi, Garlic Bread-Crusted Shrimp, Shrimp Linguini Alfredo, Garlic Shrimp Scampi, Parrot Isle Coconut Shrimp, and Walt’s Favorite Shrimp.

Red Lobster is wrapping up the month with a Halloween treat for families. From October 30 through November 1, families in the USA and Canada can get free kids meals with the purchase of a full-price adult entrée.

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Following a successful overseas development tour earlier this year, Senior Vice President of International Operations and Development Hair Parra will return to Europe in mid-October to meet with prospective franchisees and explore opportunities in additional markets. The trip is expected to include Italy, Spain and the United Kingdom, with more countries potentially added.

Interest in Italy has been particularly active, with Captain D’s currently in conversations with prospective partners. The company is also exploring opportunities in Spain, including Madrid and Valencia, while Poland and France remain markets of interest.

“Every time we travel internationally, we come home with more conversations and more new relationships,” said Parra. “It’s exciting to get meaningful interest from experienced operators who recognize the opportunity in bringing a proven American seafood brand to their markets.”

The international momentum comes as Captain D’s enters a growth phase in the USA, highlighted by the September unveiling of its new restaurant design in San Antonio, Texas. The location features a contemporary look and more inviting guest environment while maintaining the brand’s familiar identity.

Captain D’s plans to introduce the new design (seen above) in other American states, including Florida, Ohio and Oklahoma, while continuing to pursue international expansion among experienced restaurant operators, multi-unit franchisees and master franchise partners.

“Our growth story is bigger than opening individual restaurants,” said Brad Reed, the company’s chief development officer. “We’re evolving the Captain D’s experience while staying true to what has made the brand successful for more than five decades.”

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The products are available across the USA, including Alaska and Hawaii, and expand the brand’s seafood appetizer line launched at Target in February of this year. Other offerings range from New England Crab Cakes and Bacon Scallops to Shrimp Spring Rolls and Crab Minis.

Since its initial rollout at Target, Coast to Coast Kitchen has generated millions of dollars in sales and brought nearly 100,000 new customers into the seafood category. Millennial consumers accounted for 80% of those customers, while 40% of new-to-category transactions included three or more units.

The Lobster Empanada nods to Hernan’s Portuguese family roots and upbringing in Massachusetts, while Sweet Chili Shrimp reflects her years in California. Crab Rangoon was inspired by the founder’s grandfather, a chef who prepared crab and lobster spreads for family occasions.

“These flavors bring together my love for both coasts and make my products truly coast to coast,” said Hernan. “Food, for me, has always been about sharing a great bite with the people you love.”

Coast to Coast Kitchen products are made at the company’s two manufacturing facilities outside of Boston, which employ more than 100 people, the majority of whom are women.

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The honor places Thiraphong (pictured above at far right) alongside figures such as aquaculture pioneer George Chamberlain (seen at his immediate left) and longtime industry leader John Connelly, whose work changed aquaculture and the institutions that guide the sector.

GSA presented the award at the Responsible Seafood Summit 2026 at the Shangri-La Bangkok hotel. Established in 2004, it recognizes individuals whose leadership, integrity and commitment to responsible production have advanced the seafood industry worldwide.

“Receiving a lifetime achievement award from the Global Seafood Alliance is a tremendous honor. It recognizes that meaningful change is possible in our industry,” said Thiraphong. “Thai Union had no blueprint when we started on our sustainability journey. We simply decided that a company our size could not stand on the sidelines, and over time we became a force for change. My hope for the next generation is that they can build on what we started and take it even further.”

For Thailand, the award is international recognition of a business leader who helped build a domestic seafood processor into one of the industry’s largest companies. Thiraphong led that growth while raising standards for traceability, worker welfare, and environmental responsibility.

Thiraphong is credited with pushing Thai Union to take greater responsibility for its impact across the seafood value chain. Under his leadership, the company launched its industry-leading SeaChange sustainability strategy, which placed marine ecosystem health and worker welfare at the center of its operations and set measurable standards where industry expectations were often inconsistent.

A decade after establishing its first global tuna sustainability goals, Thai Union now sources more than 99.9% from responsible fisheries, traces 100% back to the vessel of origin, and has 95% on-the-water monitoring coverage.

Thai Union’s relationship with GSA stretches back to the organization’s early years. Thiraphong spoke for the Thai shrimp industry at Global Shrimp Outlook meetings, which preceded today’s Responsible Seafood Summit. He later served on GSA’s board and supported the development of the Best Aquaculture Practices certification program.

“Our sustainability milestones took more than a decade of work with fisheries and partners. It did not happen overnight, and no single company could have done it alone. But Thai Union was the force for change to make it happen on a global scale. And it proves something important: an industry can change. And change starts with us,” said Thiraphong.

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Sandra Elmore has been dining at Captain D’s since the Scottsboro store opened in the late 1970s. This summer while there for her favorite fish dinner, she noticed a promotional sign for the “Captain D’s and PepsiCo Alaska Family Cruise Sweepstakes,” promoting the restaurant’s wild caught fish from Alaska.

Elmore scanned the QR code, submitted her receipt and forgot all about it. Weeks later when she received an e-mail proclaiming her as the winner, she was skeptical until receiving the paperwork and a 32-pound box of cruise-themed merchandise from Captain D’s. They sent six sets of spa robes and slippers, binoculars, beach towels, loads of Captain D’s swag, and Captain D’s gift cards.

“We are just astonished and grateful,” Elmore said. “We have always loved Captain D’s, but this is just so over and above. Words fail me. I never expected it, but we’re very excited!”

More than 5,000 Captain D’s customers entered the five-week promotion before a winner and five guests were selected to win a seven-night Alaska cruise, three ocean-view rooms, roundtrip airfare to Seattle, two nights of hotel accommodations in Seattle and a $3,000 travel stipend.

The chain launched its Wild Caught Batter Dipped Fish from Alaska nationwide in June as part of the brand’s continued focus on high quality seafood sourced from the United States. The fish comes from the cold waters of Alaska and is battered daily in Captain D’s restaurants. The Alaska cruise was a way to give guests the opportunity to experience the place where the brand’s fish is sourced.

For Elmore, Captain D’s has long been a wholesome family meal and a source of familiar favorites, including the restaurant’s classic fish and fries, fish tenders, green beans and baked potatoes.

“It is hard to beat just the original fish and fries,” she said. “That’s kind of my comfort food of just a fun thing to grab.”

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So far this year, Norway has exported seafood worth 115.7 billion kroner – an increase of 2.6 billion kroner, or 2 per cent, compared with the same period in 2025.

Exports to the United States have slowed sharply in 2026, and last month the USA increased its punitive tariff on Norway to 12.5 per cent. Nevertheless, in August, for the very first time this year, there was a rise in the value of exports to the American market.

“Although Norway has been subject to less favorable tariff conditions than several of our competitor nations, we have seen growth in salmon exports to the United States for two months running. At the same time, the USA is no longer in the top three of our largest seafood markets. This is mainly because other countries experienced greater growth, particularly in salmon,” commented Chramer.

Sales growth in United States is driven mainly by salmon.

“Favorable biological conditions this summer have given us access to large quantities of high quality fish, which is in high demand in the lucrative sushi segment, including in the USA. In addition, there is underlying growth in demand for Norwegian salmon in the global seafood market, which is driving up both prices and export value, explained Chramer.

Positive Development Across All Major Markets
In total, Norway exported seafood worth NOK 1.1 billion to the United States in August, representing a 4 per cent increase compared with the same month in 2025.

Here are the five largest export destinations by value in August (changes from the same month last year in brackets):

• Poland: NOK 2.23 billion (+36%)
• China: NOK 1.4 billion (+34 per cent)
• Netherlands: NOK 1.16 billion (+31 per cent)
• USA: 1.13 billion kroner (+4%)
• United Kingdom: NOK 900 million (+16%)

Poland, as seen in the statistics above, was Norway’s largest export market last month and also recorded the highest growth in value. China ranked No. 2, and the Netherlands overtook the USA in the rankings to become the third-largest market.

“Poland and the Netherlands are traditionally regarded as purely processing markets, but we are now seeing that growth in domestic salmon consumption is strongest in precisely these two countries, as well as in Slovakia and the Czech Republic. This is a trend we have been observing for some time,” said Chramer.

Highest-ever Share of Exports from Aquaculture
In August, aquaculture-produced fish exports fetched 13 billion kroner. This accounted for 81.4 per cent of the total value of seafood exports, which is the highest ever recorded.

“The quota restrictions in recent years have affected the balance of our export portfolio. This is particularly evident in the whitefish category, where farmed cod accounted for 72 per cent of the export value of fresh cod in August. At the same time, there was a decline in volume for several of our wild-caught species, such as saithe, mackerel, herring and king crab,” reported Chramer.

Seafood exports to China continue to rise. Salmon, haddock and blue whiting were the three largest species exported to the PRC in August, and all saw solid growth in both volume and value.

Record-Breaking Monthly Salmon Sales
Norway exported 153,602 tons of salmon worth NOK 12.3 billion in August, as the value increased by NOK 2 billion, or 19 per cent, compared with the same month last year. This is a record-high export value for salmon in a single month, NOK 19 million higher than the previous record month, which was recorded in October 2025.

Poland saw the greatest growth in value in August, with an increase in export value of NOK 487 million, or 32 per cent, compared with the same month last year. Export volumes to that country totaled 28,800 tons, which is 21 per cent higher than in the same month last year.

The Netherlands was the second-largest growth market, with an increase of NOK 293 million, or 40 per cent, compared with August 2025.

“The growth in the largest processed product markets reflects strong demand for processed salmon products in Europe. Although some of this volume may not be consumed until next year, we are seeing category growth for processed salmon products in Europe,” said Paul T. Aandahl, market analyst of the Norwegian Seafood Council.

Approximately 78 per cent of salmon exports in August consisted of whole fish. The corresponding figure for the same month last year was 75 per cent.

Trout: Decline in Both Volume and Value
Norwegian producers exported 6,337 tons of trout worth NOK 551 million in August. Value fell by NOK 81 million, or 13 per cent, compared with the same month last year, while volume declined by 28 per cent.

Poland, the USA and Ukraine were the largest markets for trout in August. Poland saw the greatest growth in value, with an increase of NOK 75 million, or 210 per cent. Export volume totaled 1,423 tons, which is 159 per cent higher than the same month last year.

China is Largest Market for Frozen Cod
Norway exported 1,996 tons of frozen cod worth NOK 205 million in August The value increased by NOK 25 million, or 14 per cent, compared with the same month last year, while volume fell by 4 per cent, China, the UK and Vietnam were the largest markets. Vietnam saw the greatest growth in value with an increase of NOK 43 million, as export volume totaled 457 tons.

“Both Vietnam and China are processing and re-exporting increasing quantities of frozen cod to the United States, which has an import ban on cod of Russian origin. This has contributed to increased demand for non-Russian raw materials in both China and Vietnam,” said Norwegian Seafood Council market analyst Eivind Hestvik Brækkan.

Coldwater Prawns – Stable Volume and Higher Value
Norway exported 2,889 tons of prawns worth NOK 198 million in August, with Iceland, China and Denmark ranking as the largest markets. Overall value increased by NOK 48 million, or 32 per cent, compared with the same month last year, representing a 1 per cent increase in volume.

“Despite lower landings of coldwater prawns in Norway so far this year, export volumes remained stable in August compared with the same month last year,” said market analyst Lars Olai Flydal Rorgemoen.

For frozen peeled prawns, there was strong growth in value in August. Although the volume fell by 8 per cent compared with August last year, the value rose by 24 per cent, to NOK 65 million.

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The expansion comes as Scott & Jon’s continues to significantly outpace the broader frozen meal category. According to SPINS market research data, the company’s dollar sales grew 15% in total multi-outlets ( grocery stores, mass merchandisers, drug stores, club stores (excluding Costco), dollar stores, and military commissaries) for the 52-week period ending on July 12, 2026.

The Scott & Jon’s offerings stocked in Food Lion freezer cases this month include:

• Shrimp Alfredo – Shrimp and pasta in a rich and creamy Alfredo sauce serving up 25 grams of protein.

• Cajun Style Shrimp Alfredo – Shrimp and pasta in Alfredo sauce with a bold Cajun flavor (20 grams protein).

• Creamy Herb Pasta with Salmon – Atlantic salmon with broccoli and pasta in a creamy lemon herb sauce (20 grams of protein).

• Baja Fish Taco Bowl – Wild-caught white fish with rice, black beans, corn and vegetables in a zesty Baja-style sauce (18 grams of protein).

“Expanding into Food Lion is an exciting milestone for us and an important step in making seafood more accessible to consumers,” said Scott Demers, the company’s co-founder and co-chief executive officer. “Food Lion shares our commitment to delivering great value without compromising on quality. We’re excited to introduce our products to more shoppers and give them an easy, delicious way to enjoy more seafood.”

The Food Lion launch builds on Scott & Jon’s continued retail expansion and growing consumer demand for convenient, high-quality seafood options. Pairing shrimp and fish with familiar flavors and the convenience of frozen meals makes it easier for consumers to enjoy seafood at home more often without the time and preparation typically associated with cooking the dishes.

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