Salmon Evolution ASA: Phase 2 nearing completion with handover of four new tanks

Stock exchange notice

Salmon Evolution (OSE: SALME) continues to progress the Phase 2 ramp-up at Indre Harøy, having recently completed the handover of four new tanks, bringing total tanks in operation to eight. The project remains on track with the next two tanks to be taken into operation later this quarter and the last two tanks operational in Q1 2027.

Preparations for the next smolt stockings in phase 2 are well underway. Approximately 560,000 smolt are scheduled to be stocked over the coming weeks, bringing total planned 2026 stocking volume at Indre Harøy to around 2.8 million, compared to around 1.7 million in 2025.

Salmon Evolution remains fully focused on delivering Phase 1 and Phase 2 production targets and converting higher production into lower unit costs. The company guides for 11,000–12,000 tonnes HOG harvested in 2027 and targets run-rate farming EBITDA costs of NOK 60–65/kg by mid-2027.