A Spanish parent and an international group
Nueva Pescanova, S.L. heads the group engaged in catching, farming, processing and marketing seafood. Its registered office is at Rúa José Fernández López, s/n, Chapela-Redondela, Pontevedra, and its tax identification number is B94123908. This profile covers that company and its consolidated subsidiaries. Pescanova, S.A., the listed company, is a separate legal entity that retains a minority shareholding. The Pescanova trading name also does not automatically make every subsidiary activity, vessel or certification attributable to the parent company. Nueva Pescanova: legal notice; Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 9; CNMV: Pescanova, S.A., information at 31 August 2026, PDF p. 7.
From the Pescanova of 1960 to the group created in 2015
The industrial history began in Vigo in 1960, with Pescanova and the development of freezing fish on board. Documentation from the Consello da Cultura Galega identifies José Fernández López as founder and chairman, and places Valentín Paz-Andrade among the promoters of the fishing venture. The Lemos became part of this history in 1961. Nueva Pescanova dates the establishment of the present group to 2015, following the corporate restructuring of Pescanova, S.A. Both milestones matter: 1960 explains the business heritage and 2015 the origins of the group covered here. ABANCA became its majority shareholder in 2020. Nueva Pescanova: corporate history; Consello da Cultura Galega: exhibition on Valentín Paz-Andrade, PDF p. 13.
ABANCA, capital and corporate governance
The 2025 non-financial statement identified ABANCA as the majority shareholder with 98.6% of the capital. The announcement of 5 May 2026 proposed a capital increase of up to €283 million, including a €279 million contribution from ABANCA. Subsequently, Pescanova, S.A.’s filing with the CNMV confirmed that Nueva Pescanova’s meeting on 20 May approved the increase and that the listed company’s stake became 0.08%. ABANCA’s 2025 percentage is not presented as a recalculated figure following that transaction. The non-financial statement identifies three board committees: governance and sustainability; audit, control and finance; and business development. Jorge Escudero is identified as CEO in the September 2026 announcement. Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 12; Nueva Pescanova: capital increase, 5 May 2026; CNMV: Pescanova, S.A., information at 31 August 2026, PDF p. 7; Nueva Pescanova: sale of French chilled business, 30 September 2026.
A chain connecting production origins with consumers
The business combines wild-capture fishing, aquaculture, processing and the sale of fresh, chilled and frozen seafood. The Pescanova brand reaches consumers through products such as hake, shrimp, Argentine red shrimp, turbot, surimi and prepared foods. Integration connects species selection, catching or farming, processing and distribution; it also requires a distinction between the group’s own operations and external purchases. Companies at the origin of production, including NovaNam, Pescamar, Argenova, Camanica and Promarisco, perform different functions within this chain. Their names do not represent separate businesses whose revenue should be added again to consolidated sales. Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 9; Nueva Pescanova: fishing operations; Nueva Pescanova: aquaculture; Nueva Pescanova: processing facilities.
Fishing in southern Africa and Argentina
The corporate description places NovaNam’s operations in Namibia, with landings and processing in Walvis Bay and Lüderitz, particularly hake and associated species. Pescamar operates from Beira, Mozambique, catching shrimp, while Argenova is based in Puerto Deseado, Argentina, and catches products including Argentine red shrimp, squid and toothfish. This geographic spread involves both seagoing and shore-based teams, working under different operating conditions and labour frameworks. Establishing the preventive coverage applicable to a vessel requires checking its operating entity, registration or IMO number and the relevant document, alongside the group’s brand. Nueva Pescanova: fishing operations; Control Union: NovaNam FISH certificate, January 2026, PDF p. 1; Control Union: NovaNam FISH certificate, January 2026, PDF p. 2.
Vannamei shrimp and turbot farming
The group’s aquaculture includes vannamei shrimp in Latin America and turbot in Galicia. Camanica operates in Nicaragua and Promarisco in Ecuador; the chain encompasses breeding, larval production, grow-out and processing. Insuiña produces turbot juveniles in Mougás, Oia, and moves them to Xove, Lugo, for growth and subsequent sale. The 2025 non-financial statement distinguishes aquaculture production certifications, including BAP, ASC and GLOBALG.A.P., by country and activity. These references help explain production origins and practices, but their purpose differs from that of an occupational health and safety management system. Nueva Pescanova: aquaculture; Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 22; Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 23.
Processing facilities with different functions
In Spain, Chapela produces surimi; Porriño makes deep-frozen prepared, breaded and battered products; Arteixo specialises in cooking seafood; Catarroja combines cooking and processing; and Paterna handles different cod preparations. The international network includes plants associated with hake in Namibia and shrimp in Ecuador, Nicaragua and Guatemala. These activities provide context for the processing tasks and preventive assessments described by the company. Capacity figures on facility pages are not treated here as actual annual output or added to sales. Nueva Pescanova: processing facilities; BOE: first Nueva Pescanova Group collective agreement, 30 January 2026.
International markets and the changed French business
For 2025, the non-financial statement describes operations in 16 countries and sales of products in more than 70. Having customers in a country does not mean having factories or employees there. On 30 September 2026, the company announced completion of the sale of its French chilled products business to Omarsa. The agreement involved the transfer of all employees in that division. Nueva Pescanova retained its frozen products division, which continues through Pescanova France. Employment and activity figures for 2025 must be read with their date, rather than as a picture of the business following this sale. Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 9; Nueva Pescanova: sale of French chilled business, 30 September 2026.
Sales and the return to profit in 2025
The results announcement of 30 March 2026 reports group sales of €1,053.6 million, EBITDA of €71.2 million and net profit of €1.1 million for the 2025 financial year. EBITDA and net profit measure different things. The previous financial year covered only April–December 2024; to explain trading performance, the company provides a comparable twelve-month sales figure of €982 million. That adjustment does not turn the statutory nine-month financial year into a full year. Financial figures in this profile are attributed to the corporate announcement; limited assurance on the non-financial statement applies to non-financial information. Nueva Pescanova: 2025 results, 30 March 2026; Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 9; Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 2.
Employees, training and labour relations
The non-financial statement reports 9,035 employees at 31 December 2025: 5,191 men and 3,844 women. Spain accounts for 1,100 people, Namibia for 2,501 and Ecuador for 2,208. The table excludes three senior executives on commercial contracts, explaining a difference in scope from the annual accounts. The group reports 74,950 training hours for 7,127 professionals during 2025; this is general training and cannot be presented as occupational safety training hours. On labour relations, the report records specific agreements in Spain and Namibia. Insuiña has its own collective agreement and is not included in the agreement for the three Spanish companies described below. Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 40; Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 52; Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 53; Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 54.
Aquaculture research and environmental management
The Pescanova Biomarine Center, opened in O Grove in 2021, focuses on research into the genetics, nutrition, health and welfare of aquaculture species. Its animal and production research role must be distinguished from employees’ occupational health. On environmental management, the non-financial statement documents wastewater treatment at industrial sites, sewage treatment and bilge-water separation on vessels. It also describes changes to nets, trawl doors and lighting to reduce fleet energy consumption. These are reported measures for specific processes; they do not demonstrate that every product or operation is free of environmental impacts. Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 11; Nueva Pescanova: aquaculture; Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 28; Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 37.
How Nueva Pescanova organises prevention
The corporate occupational health and safety policy, approved in August 2018 and linked in its public documentation, covers the parent and the Spanish and foreign companies under its control. It assigns monitoring, evaluation and review duties to the Corporate Occupational Risk Prevention and Working Climate Department. The 2025 non-financial statement adds that each Country Manager must integrate prevention into activities in their country according to local conditions and rules. This combination of corporate direction and national responsibility is relevant to a group with fishing, aquaculture and factories across several jurisdictions. The policy establishes responsibilities; outcomes require their own indicators and monitoring. Nueva Pescanova: occupational health and safety policy, 2018, PDF p. 4; Nueva Pescanova: occupational health and safety policy, 2018, PDF p. 6; Nueva Pescanova: occupational health and safety policy, 2018, PDF p. 7; Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 50.
Assessments, health surveillance and contractors
The non-financial statement identifies risk assessments, preventive planning, ergonomic and industrial hygiene studies, emergency and self-protection plans, health surveillance, safety visits and investigations of accidents and occupational diseases as preventive procedures. These tools relate directly to the group’s working conditions, although the report does not publish exposure measurements or results by job. The policy requires training and information and extends safety obligations to suppliers and contractors, alongside mechanisms for reporting risks and suggesting improvements. These documented obligations do not, by themselves, demonstrate that every supplier complies in practice. Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 50; Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 51; Nueva Pescanova: occupational health and safety policy, 2018, PDF p. 4; Nueva Pescanova: occupational health and safety policy, 2018, PDF p. 5; Nueva Pescanova: occupational health and safety policy, 2018, PDF p. 6.
Accidents and occupational diseases: figures and limits
For the group’s own workforce, the 2025 non-financial statement reports 214 occupational accidents: 68 involving women and 146 involving men. It publishes an incidence rate of 23.48 accidents per 1,000 workers, a frequency rate of 14.04 per million hours and a severity rate of 0.38 days lost per 1,000 hours. The methodological note uses theoretical hours under collective agreements. It does not specify that all 214 accidents involved lost time, so they are not labelled as lost-time accidents or as TRIR or LTIFR. It also records seven occupational diseases in countries whose legislation recognises that category. The 2024 comparative covers nine months; the differing periods prevent raw counts from being read as a consistent annual trend. Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 9; Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 51.
Preventive commitments in the 2026 Spanish agreement
The collective agreement published in the BOE on 30 January 2026 covers Nueva Pescanova, S.L., Pescanova España, S.L.U. and Novapesca Trading, S.L., subject to the personal exclusions in Article 1. Its initial term is 2026–2028. Articles 41–43 provide for negotiations at each site on protocols for disasters and adverse events, preventive activities adapted to site characteristics, and health and safety committees where the statutory threshold is reached. They also regulate periodic health surveillance according to risks, with voluntary annual medical examinations and the statutory exceptions to consent. These are binding commitments within that Spanish scope, not evidence that every measure has already been implemented across all subsidiaries. BOE: first Nueva Pescanova Group collective agreement, 30 January 2026.
ISO 45001 and FISH have different scopes
The 2025 non-financial statement reports ISO 45001 certification for workplaces in Spain. Without the individual certificates, that statement cannot establish their current technical scopes or expiry dates here. For NovaNam, the FISH certificate CU-FISH-1001 is available: Control Union issued it on 24 January 2026, with a stated expiry of 23 January 2029 and a revision dated 5 February 2026. It covers the vessels named in the annex operating in Namibia’s territorial sea and exclusive economic zone. The seven vessels are Lalandii 1, NovaNam One, NovaNam Two, Kowares, Komukandi, Mar del Cabo and Ribadavia. Its scope concerns labour practices and crew safety and welfare; it is not universal certification of all group companies or vessels. Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 23; Control Union: NovaNam FISH certificate, January 2026, PDF p. 1; Control Union: NovaNam FISH certificate, January 2026, PDF p. 2.
The Mar del Cabo fire and the new NovaNam Three
The corporate announcement of 11 June 2026 states that the Mar del Cabo suffered a fire in 2025 and describes the acquisition of the Olupale to replace it. At that date, adaptation and trials were planned before operations in the fourth quarter. Subsequently, FiskerForum reported on 17 September that the vessel had been renamed NovaNam Three and had arrived in Walvis Bay. The corporate announcement provides neither a casualty assessment nor a determination of the cause of the fire. The FISH annex revised in February includes the Mar del Cabo but not the Olupale or NovaNam Three; it therefore does not automatically extend coverage to the replacement. Operating history, the specific vessel and the certificate date must be checked together. Nueva Pescanova: Olupale acquisition, 11 June 2026; FiskerForum: NovaNam Three arrives in Namibia, 17 September 2026; Control Union: NovaNam FISH certificate, January 2026, PDF p. 2.
Profitability, transformation and tracking occupational safety
The 2024–2028 strategic plan described in the non-financial statement combines improved commercial margins, efficiency at production origins, organisation and talent, and transformation projects. The return to positive net profit in 2025, the capital increase and the French divestment are separate milestones in that process. Tracking preventive performance will require comparable periods, consistent accident definitions, exposure hours and updated scopes for sites and vessels. PwC issued a limited-assurance conclusion on the non-financial statement on 27 February 2026. This verification is less extensive than reasonable assurance and does not replace a technical assessment of each workplace. Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 10; Nueva Pescanova: 2025 results, 30 March 2026; CNMV: Pescanova, S.A., information at 31 August 2026, PDF p. 7; Nueva Pescanova: sale of French chilled business, 30 September 2026; Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 2; Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 3; Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 4.
Frequently asked questions
What does Nueva Pescanova do, and is it the same company as Pescanova, S.A.?
Nueva Pescanova, S.L. heads a group engaged in fishing, aquaculture, seafood processing and marketing. Its registered office is in Chapela-Redondela. Pescanova, S.A. is a different, listed company that reports a minority stake of 0.08% following the capital increase approved in May 2026. Nueva Pescanova: legal notice; Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 9; CNMV: Pescanova, S.A., information at 31 August 2026, PDF p. 7. [1] · [2] · [3]
Who controls the group, and what changed in 2026?
ABANCA is the majority shareholder; the 2025 non-financial statement put its stake at 98.6%. In May 2026, a capital increase of up to €283 million was announced, including a planned €279 million contribution from ABANCA. The listed company’s subsequent filing confirms approval at the meeting on 20 May. The 2025 percentage is not presented as an updated percentage following that increase. Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 12; Nueva Pescanova: capital increase, 5 May 2026; CNMV: Pescanova, S.A., information at 31 August 2026, PDF p. 7. [1] · [2] · [3]
What sales and employee figures were reported for 2025?
The corporate results announcement reports group sales of €1,053.6 million, EBITDA of €71.2 million and net profit of €1.1 million. The non-financial statement records 9,035 employees at 31 December, excluding three senior executives on commercial contracts. Their period and scope differ from an average workforce figure or Pescanova, S.A.’s individual accounts. Nueva Pescanova: 2025 results, 30 March 2026; Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 40. [1] · [2]
What company-specific occupational safety measures are documented?
The non-financial statement identifies risk assessments, ergonomic and industrial hygiene studies, preventive planning, emergency plans, health surveillance, safety visits and accident investigations. The corporate policy assigns responsibilities, requires training and addresses suppliers and contractors. The 2026 collective agreement adds commitments for three Spanish companies within a scope that does not cover every subsidiary. Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 50; Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 51; Nueva Pescanova: occupational health and safety policy, 2018, PDF p. 4; Nueva Pescanova: occupational health and safety policy, 2018, PDF p. 6; BOE: first Nueva Pescanova Group collective agreement, 30 January 2026. [1] · [2] · [3]
How many accidents and occupational diseases does it report?
For 2025, it reports 214 accidents involving its own workforce and seven occupational diseases in countries that legally recognise that category. The frequency rate is 14.04 accidents per million theoretical collective-agreement hours, and the severity rate is 0.38 days lost per 1,000 hours. The report does not define all 214 cases as lost-time accidents. The comparative 2024 financial year spans nine months. Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 9; Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 51. [1]
Does ISO 45001 or FISH certification cover the whole group?
The non-financial statement reports ISO 45001 for Spanish sites in 2025, without providing individual certificates here to verify each expiry. FISH CU-FISH-1001 identifies seven NovaNam vessels in Namibian waters and states an expiry in January 2029. Its February 2026 annex includes Mar del Cabo but not Olupale or NovaNam Three. It does not establish coverage of the entire fleet or the whole group. Nueva Pescanova: consolidated non-financial statement 2025, PDF p. 23; Control Union: NovaNam FISH certificate, January 2026, PDF p. 1; Control Union: NovaNam FISH certificate, January 2026, PDF p. 2; FiskerForum: NovaNam Three arrives in Namibia, 17 September 2026. [1] · [2] · [3]
