Andfjord Salmon AS
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Andfjord Salmon AS
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Andfjord Salmon AS
Andfjord Salmon AS engages in the salmon farming business. The firm's developed a concept for a flow-through plant with seawater that combines the advantages of traditional farming in the sea and land-based farming. Andfjord Salmon aims to build fish-friendly and environmentally friendly facility for salmon, with the lowest possible energy consumption and cost. The firm develops production facilities and operating premises on Andoya. The company holds a license to farm 10,000 tonnes of maximum allowed biomass (MAB) and is in the first phase of development on fish farms at Kvalnes on Andoya to exploit the licence. The Company’s main activities consist of the development and construction of land-based fish farms.
Andfjord Salmon AS engages in the salmon farming business. The firm's developed a concept for a flow-through plant with seawater that combines the advantages of traditional farming in the sea and land-based farming. Andfjord Salmon aims to build fish-friendly and environmentally friendly facility for salmon, with the lowest possible energy consumption and cost. The firm develops production facilities and operating premises on Andoya. The company holds a license to farm 10,000 tonnes of maximum allowed biomass (MAB) and is in the first phase of development on fish farms at Kvalnes on Andoya to exploit the licence. The Company’s main activities consist of the development and construction of land-based fish farms.
Strong fish survival: Both pools K0 and K1 report survival rates above 99.5% after 6 and 4.5 months, respectively, which management describes as exceptional.
Biomass growth: The company reached a record standing biomass of 902 tonnes, reflecting fast fish growth and low feed conversion rates.
Production ramp-up: 750,000 smolt were released in Q4, bringing the total in the facility to 1.1 million fish; plans call for 3.2–3.6 million smolt released in 2024.
Facility expansion: Construction progress on new pools is on track, with K3 almost ready for operation and the next pools (K2, K4) set for completion by mid-2026.
Financial position: NOK 300 million in new equity and NOK 200 million in new debt secured; investment activity remains high but is shifting more to pool construction.
Operational flexibility: Strong growth performance gives the option to harvest earlier, aim for higher harvest weights, or increase smolt releases in the future.
Environmental performance: Water quality in pools remains very high, with effective waste management and minimal impact from CO2 or organic particles.
