Salmon Evolution (OSE: SALME) enters the final stretch of 2026 with a clear and narrow set of priorities. Operationally, the organisation is fully focused on reaching Phase 1 biomass growth targets, and in parallel, the Phase 2 ramp-up is in full effect and progressing as planned. The Phase 2 project is nearing completion, and with the company gradually taking over the rest of the facility, preparations are underway for the upcoming smolt releases.
Key summary:
- Harvested 1,596 tonnes HOG at an all-in price realization of ~NOK 65/kg, up ~7% y/y; superior share of 94% in line with the long-term trend.
- Net biomass growth of 1,984 tonnes LW, held back by one underperforming Phase 1 group representing ~25% of tank capacity in the quarter, now fully harvested as planned by end-Q3.
- Average harvest weight of 3.0 kg HOG reflects that group; Q4-26 phase 1 harvest weights are expected in the mid-to-high end of the 3–4 kg range.
- Phase 2 have the required smolt stocking frequency from Q4-26 to reach targeted production run-rate by mid-27.