05:20 PM EDT, 05/13/2025 (MT Newswires) -- High Liner Foods ( HLNFF ) on Tuesday after trade reported its first-quarter adjusted income and sales both fell on lower sales volume.

The frozen seafood company said its adjusted profit, excluding most one-time items, fell 11% to US$16.6 million or US$0.55 per share, from US$18.6 million, or US$0.55, in the prior year period.

Sales fell 3.1% to US$268.4 million, due to slightly lower sales volume of 66-million pounds.

"Our steady execution continues to deliver compelling value to our customers which, combined with our diversified global supply chain, positions us well to build on the strong results we have seen in March and April. We are on track for a solid first half of the year and I remain confident in our ability to deliver Adjusted EBITDA growth for 2025," said Chief Executive Paul Jewer.

The company will pay a quarterly dividend of C$0.17 per share on June 15.

The company's shares closed up $0.23 to $16.92 on the Toronto Stock Exchange.