Salmon Evolution ASA: Phase 2 on track
Salmon Evolution ASA: Phase 2 on track
Salmon Evolution ASA (OSE: SALME) reports revenues of 91.1 NOKm after
harvesting 1,232 tonnes HOG in the second quarter. Results were impacted by
weak salmon prices and temporarily higher farming costs due to non-recurring
factors, with Farming EBITDA ending at -13.2 NOKm and Group EBITDA at -25.6
NOKm in the quarter.
Salmon Evolution maintains stable operations, a fully stocked farm and minimal
mortality. The biomass composition was fully normalized during the quarter,
positioning Salmon Evolution for continued positive development in operational
KPIs and harvest weights in coming periods.
"With a strong operational platform at the core we will continue to scale
production, harvest and harvest weights," said Trond Håkon Schaug-Pettersen,
CEO of Salmon Evolution. "We are well positioned to capitalize on an expected
salmon price recovery in 2026," he said.
Salmon Evolution had continued good progress in the phase 2 expansion project
at Indre Harøy, and the project remains on track for targeted first smolt
release in Q1-26 and first harvest in Q4-26.
"Momentum at the construction site remained strong throughout the quarter with
installation of both intake pipes being a highlight," said Schaug-Pettersen.
"With Phase 2 we are creating a unique operational platform and the first
smolt release is only about 7 months away."
Highlights in the quarter:
* Indre Harøy phase 2 progressing according to plan, on track for first smolt
release in Q1-26.
* Continued stable operations in a fully stocked farm and minimal mortality.
Ending Q2 2025 with a standing biomass of 3,043 tonnes LW and all-time high
underlying biomass production.
* Revenues of 91.1 NOKm after harvesting 1,232 tonnes HOG, farming EBITDA of
-13.2 NOKm and group EBITDA of -25.6 NOKm. Results impacted by weak salmon
prices and temporarily higher farming costs due to non-recurring factors
related to harvest of underperforming groups affected by last year's smolt
quality issues.
* Strengthening financial flexibility with a new credit facility of up to 250
NOKm, as well as increasing the overdraft facility with 50 NOKm.
Results presentation:
CEO Trond Håkon Schaug-Pettersen and CFO Trond Vadset Veibust will present the
the results for the second quarter 2025 at Hotel Continental in Oslo, Norway,
Tuesday 19 August at 08:00 CEST.
The presentation and Q&A will be held in English, and participants may also
follow the presentation and submit questions through a live webcast available
on www.salmonevolution.no, or with the following link:
https://events.webcast.no/salmon-evolution/OEpmPDaoyhi5siPjdg0b/gJV4Xu2nLbDI18a1F1bp
A recording of the webcast will be made available on our website shortly after
the presentation.
For further information, please contact:
Trond Håkon Schaug-Pettersen, CEO
[email protected]
+47 91 19 13 27
Trond Vadset Veibust, CFO
[email protected]
+47 48 09 05 95
About Salmon Evolution
Salmon Evolution is the global leader within land-based salmon farming.
Pioneering the hybrid flow-through system (HFS), Salmon Evolution is Extending
the Ocean Potential by creating optimal growth conditions in a controlled
environment on land. This approach, capturing the benefits of both land-based
and sea-based farming, puts biology first and limits operational and
biological risk.
Salmon Evolution is strategically located the heart of the global aquaculture
industry on the west coast of Norway, where the Company has its first facility
and global centre of excellence fully operational at industrial scale. Enabled
by proof of concept at Indre Harøy, Salmon Evolution targets significant
expansion.
Salmon Evolution is listed on Oslo Børs under the ticker SALME. To learn more,
please visit www.salmonevolution.no.
This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication at
2025-08-19 06:30 CEST.