SalMar reported strong operational results for the fourth quarter of 2025, driven by lower costs throughout its value chain and higher market prices. The company achieved a significant milestone in 2025, surpassing 300,000 tonnes harvested in a single year across the Group and associated companies.
In Norway, SalMar recorded an operational EBIT of NOK 1,843 million for the quarter with a harvest volume of 80,300 tonnes and an operational EBIT per kilogram of NOK 23.0. For the entire Group, operational EBIT was NOK 1,834 million with a harvest volume of 84,100 tonnes and an operational EBIT per kilogram of NOK 21.8.
The company noted continued strong biological performance in Norway alongside reduced costs. However, contributions from Sales & Industry were down due to increased market prices. Icelandic Salmon showed improved results because of lower costs, while Scottish Sea Farms delivered weaker outcomes.
The board has proposed a cash dividend of NOK 10.00 per share for the financial year 2025.
“The fourth quarter marks the end of a year with lower market prices, but underlying demand has been strong, and we have used the year actively to develop both new and existing markets. At the same time, 2025 has been a good operational and biological year for SalMar, which is now reflected in lower cost level across all segments,” said Frode Arntsen, CEO of SalMar ASA.
Looking ahead to 2026, SalMar plans to reduce its investment level to NOK 1.1 billion with most funds allocated to maintenance after several years focused on improving biological performance through investments in its value chain.
The company expects low global supply growth in salmon during 2026 following high supply growth seen in the previous year. SalMar reports record-high biomass at sea combined with lower costs and notes that early first-quarter harvesting has produced salmon with the highest proportion of superior quality seen in ten years.
For guidance in 2026, SalMar maintains expected volumes at 296,000 tonnes across Norway, Ocean operations and Iceland while reducing its target for Scottish Sea Farms by 2,000 tonnes to a total of 43,000 tonnes (on a full basis). Adjusted for SalMar’s shareholding in Scottish Sea Farms Ltd., this brings projected total Group volume to approximately 318,000 tonnes—a six percent increase over last year’s harvested volumes.
“SalMar turns 35 in 2026, and we enter the anniversary year with record‑high biomass, a lower cost level, and the highest share of superior quality fish we have seen in ten years. This puts us in a strong position to meet market demand with healthy and nutritious salmon, and provides a solid foundation for strong performance throughout 2026” said Frode Arntsen.
A presentation detailing these results will be held at Hotel Continental in Oslo at 08:00 today; it will also be webcast on www.salmar.no.
SalMar operates as one of the largest producers of salmon globally with farming activities spanning Central Norway, Northern Norway offshore locations as well as Iceland; it also owns half of Scottish Sea Farms Ltd.