Abstract In this study, we used the Monte Carlo model (CMSY) to estimate fisheries reference points based on annual lobster landings. During the period 2012-2018, fishing pressure on lobster stocks decreased and a tendency for recovery was observed, despite the low biomass levels of approximately 29%. In 2019, the stock size was capable of producing yields close to the maximum sustainable yield (5770 t), with a probability of 58.1%. The enforcement of management measures should be continued in order to eliminate sources of negative externalities and rebuild stocks. We also demonstrate that the closed season does in fact protect the main events of the lobster life cycle. Responsible and efficient management should focus on life cycle studies and reliable monitoring of fishing data.