SalMar reports record harvest volume despite low salmon prices

SalMar ASA announced a record-high harvest volume of 93,200 tonnes for the Group in Q3 2025, up from 60,300 tonnes in Q3 2024, despite lower market prices for salmon. Operational EBIT for the Group reached NOK 711 million, with an EBIT per kg of NOK 7.6. Norway's operational EBIT stood at NOK 858 million (EBIT per kg NOK 9.6), benefiting from strong biological performance and positive cost development, particularly in Northern Norway.

The sales and industry segment delivered strong results, driven by positive contract contributions and flexible harvesting and processing facilities. However, Icelandic Salmon faced weak results due to continued high cost levels. The merger with Wilsgård, completed in August 2025, strengthens SalMar's presence in Northern Norway and supports sustainable growth.

SalMar anticipates increased volumes and lower cost levels in Q4 2025 across all segments. The Group's harvest guidance for FY 2025 is unchanged at 299,000 tonnes, representing a 19% growth from 2024, and is expected to grow to 319,000 tonnes in 2026. This includes 275,000 tonnes from Norway and Ocean, 21,000 tonnes from Iceland, and 45,000 tonnes from Scottish Sea Farms (100% basis).