Gigante Salmon completes final basin, secures additional financing
Gigante Salmon AS successfully completed concrete work on its third and final production basin in Q3 2025, keeping the facility on track for full operation in Q2 2026. The project is aiming for an annual capacity of 16,000 tonnes HOG by 2028. The company reported a standing biomass of 1,728 tonnes, with the autumn 2024 generation contributing 1,510 tonnes and the newly released autumn 2025 smolt accounting for 218 tonnes.
Financially, SpareBank1 Nord-Norge approved NOK 100m in additional financing and increased the operating credit from NOK 90m to NOK 140m. This strengthens working capital and allows the winter 2025/2026 harvest to be postponed, optimizing fish conditions. No harvest occurred in Q3, as planned, with the next harvest commencing towards the end of Q4 2025.
Chief executive Kjell Lorentsen highlighted a summer free from sea lice issues and good fish welfare, with two of the three planned production basins now in use. Total current assets reached NOK 223.060m, and the equity ratio stood at 50.2% as of September 30, 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
Supplementary Source Documents
News Alerts
Get instant email alerts when Gigante Salmon AS publishes news
Free account required • Unsubscribe anytime