Salmon Evolution ASA
OSE:SALME
Salmon Evolution ASA
Salmon Evolution ASA is a Norway-based salmon farming company with its production facility under construction on Indre Haroy. The company is headquartered in Molde, More Og Romsdal. The company went IPO on 2020-09-18. The firm emphasizes rational operation, fish welfare and minimal impact on the environment. With use of small amounts of fresh seawater the Company creates optimum production and environmental conditions, improved growth and a shorter production time.
Salmon Evolution ASA is a Norway-based salmon farming company with its production facility under construction on Indre Haroy. The company is headquartered in Molde, More Og Romsdal. The company went IPO on 2020-09-18. The firm emphasizes rational operation, fish welfare and minimal impact on the environment. With use of small amounts of fresh seawater the Company creates optimum production and environmental conditions, improved growth and a shorter production time.
Harvest Volumes: Salmon Evolution achieved record Q3 harvest volumes of close to 1,400 tonnes, doubling compared to the same period last year.
Revenue Growth: Revenue rose 70% year-on-year to approximately NOK 87 million, driven by increased volumes despite lower prices.
Profitability: The company reported negative EBITDA (minus NOK 40 million at group level), mainly due to weak salmon prices and temporary higher farming costs.
Operational Performance: Operations remain stable with industry-leading low mortality (3%) and superior grade share (around 95%).
Phase 2 Progress: Phase 2 expansion is on time and on budget, with commissioning to begin within 30 days and first smolt release scheduled for late Q1 2026.
Outlook & Guidance: Management expects a significant increase in harvest volumes to about 7,000 tonnes in 2026 (up 50% from 2025), with long-term annual run rate targets of 18,000 tonnes by end-2027.
Market Recovery: Salmon prices have recovered since the quarter, and global supply is expected to tighten in 2026, positioning the company well for improved margins ahead.
