SAPMER S.A.: insider trades · France · AMF

About SAPMER S.A.

SAPMER S.A. is a Réunion-based deep-sea fishing operator focused on the harvesting, processing and marketing of premium seafood products. Listed on Euronext Growth Paris under ISIN FR0010776617 and ticker ALMER, the company is a long-established player in French industrial fishing in the French Southern and Antarctic Lands (TAAF) and the Indian Ocean. According to the company’s official disclosures, SAPMER was founded in 1947 and remains headquartered in Le Port, Réunion. Its business model is built around niche fisheries with high added value and tight regulatory oversight. As of 31 December 2024, the group operated a fleet of 8 vessels: four freezing longliners dedicated to Patagonian toothfish, one freezer pot vessel for lobster, and three freezing purse-seine tuna vessels targeting tropical tuna species, mainly yellowfin and skipjack. SAPMER also develops downstream value-added activities, producing premium seafood items such as sashimi loins, steaks and canned products. This vertical integration enables the group to capture more value across the chain, from catch to finished products. SAPMER’s market position is closely tied to its activities in the TAAF, where it is one of the few companies worldwide authorized to catch toothfish in a highly controlled fishery. The company emphasizes selective fishing methods, notably bottom longlining, alongside sustainability commitments supported by certifications and labels such as MSC for certain fisheries, as well as Dolphin Safe and Friends of the Sea-related commitments for its tuna operations. These credentials are important differentiators in the global premium seafood market, where traceability, environmental stewardship and product quality are critical purchasing criteria. Geographically, SAPMER is anchored in Réunion, with fishing campaigns conducted in the TAAF zones of Kerguelen, Crozet, Saint-Paul and Amsterdam, and in the Indian Ocean for tuna. The company presents itself as a pioneer of French high-seas fishing in southern waters and highlights fleet renewal as a strategic priority to improve crew safety, working conditions, energy efficiency and product handling. Overall, SAPMER is best understood as a specialized seafood company rather than a mass-market fishing group: its competitive edge lies in rare fishing rights, premium species, strict resource management and the ability to monetize quality throughout the processing chain.