SalMar ASA banner

SalMar ASA
OSE:SALM

Watchlist Manager
SalMar ASA Logo
SalMar ASA
OSE:SALM
Watchlist
Price: 579.5 NOK 2.11% Market Closed
Market Cap: kr78.6B

SalMar ASA
Investor Relations

SalMar ASA, a key player in the global aquaculture realm, began its journey in 1991, on the rugged coasts of Norway. Founded by Gustav Witzøe, the company has forged its reputation by pioneering sustainable fish farming practices. In a world of increasing demand for protein, SalMar specializes in the farming, processing, and selling of farmed salmon. This simple yet demanding business model starts in the fjords of Norway, where SalMar utilizes modern biotechnological advances and cutting-edge marine engineering to nurture Atlantic salmon in optimal, controlled sea environments.

The company's operational strategy revolves around vertically integrated operations. From its hatcheries and sea farms to its state-of-the-art harvesting and processing facilities, SalMar ensures the highest quality standards at every step. By maintaining control over the entire production chain, SalMar not only upholds sustainable practices but also capitalizes on efficiencies and cost synergies. This end-to-end approach allows SalMar to generate robust revenue streams, appealing to both domestic and international markets hungry for premium seafood. SalMar's adeptness at aligning economic profitability with environmental stewardship has fortified its position as a leading harvester of the ocean's bounty, ensuring the company remains buoyant amidst the tides of global demand shifts.

Show more
Loading
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 10, 2026
AI Summary
Q4 2025

Financial Weakness: 2025 was a financially weak year for SalMar, with headwinds from downgraded fish, lower market prices, and biological challenges in certain regions.

Operational Improvements: Despite financial softness, SalMar saw record-high biomass at sea, lower cost levels, and strong biological metrics including reduced mortality and improved fish welfare.

Q4 Rebound: Operational EBIT in Q4 rose to NOK 1,834 million, nearly half the annual total, as higher market prices and lower costs supported results.

Dividend Proposal: The Board proposed a NOK 10 per share dividend for 2025, representing an 81% payout ratio.

2026 Guidance: Harvest volume guidance for 2026 remains unchanged for Norway and Iceland, but was reduced for Scotland. Total expected harvest for 2026 is 318,000 tonnes, up 6%.

Sustainability Recognition: SalMar was ranked the world’s most sustainable food and beverage producer at the World Economic Forum in Davos.

Improved Cost Structure: Cost per kilo was down 8% from last year, with further reductions expected in 2026 and a lower planned CapEx.

Key Financials
Operational EBIT (Q4 2025)
NOK 1,834 million
Operational EBIT (2025 full year)
NOK 3,867 million
Operational EBITDA (Q4 2025)
NOK 2,376 million
Profit before tax (Q4 2025)
NOK 1,342 million
Profit for the period (Q4 2025)
NOK 1,006 million
Earnings per share (Q4 2025)
NOK 6.6 per share
Earnings per share (2025 full year)
NOK 12.3 per share
Harvest volume (Q4 2025, Norway)
80,300 tonnes
Harvest volume (Q4 2025, total incl. Iceland and Ocean)
84,100 tonnes
Harvest volume (2025 full year, incl. associates)
300,900 tonnes
Operational EBIT per kilo (Q4 2025, Norway)
NOK 23 per kilo
Operational EBIT per kilo (Q4 2025, total incl. Iceland and Ocean)
NOK 21.8 per kilo
Equity ratio
34.8%
Net interest-bearing debt (Q4 2025)
NOK 20.8 billion
Debt ratio (NIBD/EBITDA)
3.6x
Available liquidity (Q4 2025)
NOK 10.1 billion
CapEx (2025)
NOK 1,984 million
Dividend per share (2025 proposal)
NOK 10 per share
Dividend payout ratio (2025 proposal)
81%
Greenhouse gas emissions (2025 vs 2020)
41% lower
Fish survival rate
Up 2 percentage points in 2025
Earnings Call Recording
Other Earnings Calls

Management

Mr. Gustav Magnar Witzoe
Co-Founder, President & Chairman
No Bio Available
Mr. Frode Arntsen
Chief Executive Officer
No Bio Available
Mr. Ulrik Steinvik
Chief Financial Officer
No Bio Available
Mr. Simon Sobstad
Chief Operating Officer of Sales & Industry
No Bio Available
Mr. Arthur Wisniewski
Director of Human Resource Management
No Bio Available
Mr. Runar Sivertsen
Chief Strategy Officer
No Bio Available
Mr. Roger Bekken
Chief Operating Officer of Farming
No Bio Available
Tonette Bjørgård
Head of Accounting
No Bio Available
Mr. Hakon Husby
Head of Investor Relations
No Bio Available

Contacts

Address
SOR-TRONDELAG
Froya
Industriveien 51, Kverva
Contacts
+4772447900.0
www.salmar.no
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett