Record Harvest Volume and Positive Cost Trends for SalMar
SalMar ASA has achieved impressive results in its latest quarterly report, highlighting a record-high harvest volume and positive cost developments amid challenging market conditions.
Quarterly Highlights
- The company reported a record-high harvest volume during the quarter, although financial results were impacted by lower salmon market prices.
- Operational EBIT for Norway reached NOK 858 million in Q3 2025, with a harvest volume of 89,400 tons. Overall, the group reported operational EBIT of NOK 711 million, with a total harvest volume of 93,200 tons.
- Quality levels have returned to normal, and Northern Norway is witnessing strong biological performance, bolstered by cost reductions in the period.
- Sales and Industry operations reported robust results due to effective contract management and flexible harvesting and processing capabilities.
- However, the Icelandic Salmon segment continues to experience weaker outcomes due to high operational costs.
- Scottish Sea Farms has demonstrated good biological performance, adding to the overall strengths of SalMar.
- The merger with Wilsgård, completed in August, has strengthened SalMar’s foothold in Northern Norway and paves the way for sustainable growth.
“The low market prices for salmon during the period led to our anticipated weak financial results in Q3. However, the record-high harvest volumes and the flexibility of our operations indicate the potential within our value chain. We are optimistic about the future, as positive cost developments and strong demand will support improved results,” said Frode Arntsen, CEO of SalMar ASA.
Outlook for 2026
As the company moves into the fourth quarter, it has recorded a historic level of biomass at sea, setting the stage for increased harvest volumes in the upcoming year. The reduction in costs for several inputs, coupled with ongoing strong biological performance, supports SalMar’s expectations of positive cost trends across all segments.
For the fiscal year 2025, SalMar anticipates a total harvest volume of 299,000 tons, marking a 19% increase compared to 2024. The forecast for 2026 suggests further growth, with anticipated harvest volumes reaching 319,000 tons, up 20,000 tons or 7% compared to the previous year. The breakdown includes 275,000 tons in Norway and Ocean, 21,000 tons in Iceland, and 45,000 tons from Scottish Sea Farms.
Despite lower salmon prices and global uncertainties in 2025, SalMar remains confident in its strong market demand and anticipates limited global supply growth in 2026.
Further Information
The full report and presentation regarding Q3 results can be accessed through the following links:
For more details, visit the official announcement.
Image credit: SalMar
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