Salmon Evolution enters the final stretch of 2026 with a clear and narrow set of priorities: reaching the biomass growth targets in Phase 1, and completing the Phase 2 ramp-up, which is progressing as planned.
Third-quarter harvest volume was 1,596 tonnes HOG, at an all-in price realization of around NOK 65/kg, about 7% higher than the same quarter last year. 94% of the harvest was graded superior, in line with the long-term trend.
Net biomass growth in the quarter was 1,984 tonnes LW. One underperforming Phase 1 group held growth back. The group made up about 25% of tank capacity in the quarter and was fully harvested by the end of Q3, as planned. It also explains the average harvest weight of 3.0 kg HOG. With the group now out of the system, Phase 1 harvest weights in Q4 are expected in the mid-to-high end of the 3–4 kg range.
The Phase 2 project is nearing completion, and Salmon Evolution is gradually taking over the rest of the facility. Preparations for the upcoming smolt releases are underway. From Q4 2026, Phase 2 has the smolt stocking frequency required to reach the targeted production run-rate by mid-2027.
Key summary
- Harvest of 1,596 tonnes HOG at an all-in price realization of ~NOK 65/kg, up ~7% y/y
- Superior share of 94%, in line with the long-term trend
- Net biomass growth of 1,984 tonnes LW, held back by one underperforming Phase 1 group, now fully harvested
- Q4 Phase 1 harvest weights expected in the mid-to-high end of the 3–4 kg range
- Phase 2 nearing completion, with the stocking frequency needed to reach target run-rate by mid-2027
Attachments
Q3 2026 Operational Update (PDF)
Q3 2026 Operational Update – Presentation (PDF)
For further information, please contact
Trond Håkon Schaug-Pettersen, CEO
thsp@salmone.no
+47 91 19 13 27
Trond Vadset Veibust, CFO
tvv@salmone.no
+47 48 09 05 95
About Salmon Evolution
Salmon Evolution is the global leader within land-based salmon farming. Pioneering the hybrid flow-through system (HFS), Salmon Evolution is Extending the Ocean Potential by creating optimal growth conditions in a controlled environment on land. This approach, capturing the benefits of both land-based and sea-based farming, puts biology first and limits operational and biological risk.
Salmon Evolution is strategically located in the heart of the global aquaculture industry on the west coast of Norway, where the Company has its first facility and global centre of excellence fully operational at industrial scale. Enabled by proof of concept at Indre Harøy, Salmon Evolution targets significant expansion.
Salmon Evolution is listed on Oslo Børs under the ticker SALME. To learn more, please visit www.salmonevolution.no.