Andfjord Salmon postpones Q3 report and provides production update
The land-based fish farmer was supposed to publish the report on Thursday. It will instead be released in mid-December. But the comany is still providing some updates.
In a stock exchange announcement today, Andfjord Salmon reports on survival rates, growth and scaling up of biomass at its land-based fish farming facility at Kvalnes, Andøya, northern Norway.
"The early release of detailed operational KPIs is conducted today as the Q3 status update presentation, originally planned for Thursday this week, has been pushed backwards in time due to calendar scheduling issues for the company's executive management," it said.
The overall conclusion is strong biological performance in the relatively newly stocked fish.
Status: Pool K0
On 30 September, around 350,000 smolts with an average weight of around 180 grams were stocked into pool K0. Pool conditions in K0 have remained solid since smolt release.
As of November 24:
- Survival rate: 99.89%, equivalent to only 397 mortalities in eight weeks.
- Average weight: 508 grams, equivalent to a growth of 182% since smolt stocking.
- Feed conversion ratio (FCR): 0.85 kilos of feed to produce one kilo of salmon.
- Escapes: Zero.
- Standing biomass in pool: 177 tonnes live salmon.
Status: Pool K1
Approximately 750,000 smolts at an average weight of around 160 grams were stocked in pool K1 on November 10-12. Pool conditions are reported to be excellent in this pool too.
- Survival rate: 99.91%, which means 653 mortalities.
- Average weight: 174 grams, which corresponds to growth of 8.75 % since smolt stocking.
- FCR: Too early to provide exact numbers.
- Escapes: Zero.
- Standing biomass in pool: 129 tonnes live salmon.
Higher than expected survival
Aggregate survival rate for both pools stands at 99.90%.
Total standing biomass at Kvalnes is currently 306 tonnes of live salmon.
"We have completed two successful smolt releases. This has been followed by smooth acclimatisation to the new flow-through seawater environment, which has led to feed intake from day one in the pool. The results are survival rates that are higher than forecasted and growth above expectations. We are happy with the pool conditions and proud of the strong biological results we have delivered so far," says chief executive Martin Rasmussen.
Further development
Construction of the next pool - K3 - has almost been completed.
Andfjord Salmon has already completed site infrastructure, including large capacity waterways, that supports future production of approximately 48,000 tonnes (HOG + post-smolt) at Kvalnes.
New date for Q3 presentation
Andfjord Salmon will provide another detailed operational update, and present the company's Q3 2025 financial results, on December 16, 2025. The reason for the change is recently arisen travel requirements that have caused calendar scheduling issues for the company's executive management, Andfjord said in its market announcement.
