The slipper lobster Scyllarus arctus is an important fishery resource in Galicia (NW Iberian Peninsula), with a large reduction of its populations in recent decades in the North-east Atlantic and Mediterranean, but only limited information on its reproduction. This study provides an analysis of the reproductive potential of this scyllarid during two breeding cycles (2008 and 2009) in the NE Atlantic (43°20′N 8°50′W). We studied several reproductive traits (fecundity, brood weight, egg weight and volume) in broods with eggs both in an early and late embryonic stage, in relation to female size and temporal variations. Total output (fecundity and weight) and egg weight were closely linked to maternal size, and this relationship remained in broods with late-stage eggs. In relation to temporal variations, our data revealed an important seasonal variability in fecundity and egg weight, showing an inverse pattern in the reproductive strategy in the first two seasons of the reproductive period, with a maximum egg weight in winter (December–February) and a maximum number of eggs produced in spring (April–May). A predictive model for realized fecundity was developed: log (FE) = 0.064 + 2.907 log (length)−0.018 Month2 + 0.174 Month, which accounted for over 90% of variation in the total data.