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SalMar – Record-high harvest volume and significant improvement in results
SalMar reported record-high harvest volume of 105,100 tonnes and Operational EBIT of NOK 1,609 million in the third quarter of 2026. Higher volumes, lower costs and improved price achievement drove a significant improvement in results versus last year.
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What happened
SalMar reported record-high harvest volume of 105,100 tonnes and Operational EBIT of NOK 1,609 million in the third quarter of 2026. Higher volumes, lower costs and improved price achievement drove a significant improvement in results versus last year.
Confirmed
Global impact / market context
A record harvest means SalMar sold more salmon, lifting revenue and spreading fixed costs over more fish, which supports profit per sale. Strong cash flow from operations reduced net interest-bearing debt, strengthening the balance sheet and giving the company more financial room.
Analyst inference
Results varied by region: Norway delivered strong profit, Icelandic Salmon returned to positive results, and Scottish Sea Farms volumes rose sharply but biological challenges kept results weak. This mix shows how regional farming conditions, not just volume, can affect earnings for salmon producers.
Analyst inference
What to watch
- Watch whether the record 105,100-tonne harvest and NOK 15.3 Operational EBIT per kg are sustained, since volumes, costs and prices together drive profit. Confirmed
- Track management's plans for capital spending, meaning money invested in farming and processing capacity, because continued volume growth depends on adding capacity. Proposed
- Monitor Scottish Sea Farms' biological challenges and Icelandic Salmon's cost recovery, as weak performance there could offset strong Norwegian results in future quarters. Analyst inference