How Gigante Salmon's farm works: 1) Water is drawn from approximately 20 metres depth through 10 submerged pipes with separate pump units to ensure redundancy. 2) Water is supplied from the central area to each raceway. Flow regulators are installed at selected positions in the longitudinal tanks to maintain the optimal water flow velocity within the tanks. 3) The outlet from each individual longitudinal tank is also located in the central area, where common drainage channels are established.

Photo: Gigante Salmon presentation

Gigante Salmon now well positioned to meet growth targets, says CEO

Landbased farmer has built up standing biomass of 3,000 tonnes

Editorial team Editorial team

Published January 8, 2026 - 10:37 a.m.

Landbased fish farmer Gigante Salmon has completed its first harvest from its autumn 2024 generation, it announced today.

The result is a total harvest volume of 345 tonnes head on gutted (HOG). The harvested fish had an average weight of 3.0 kg HOG, with 94% superior share and an economic feed conversion rate (eFCR) of 1.04.

Gigante Salmon has excavated three flow-through basins into the bedrock of the island of Lille Indre Rosøy in Rødøy municipality, Norway. Each production basin is divided into three or four raceways that are between 110 and 214 metres in length with a longitudinal partition, allowing water to circulate from one side to the other and back again.

“We have reached an important milestone that confirms our land-based solution is performing as planned. With two basins in operation and the third coming online soon, we are well positioned to deliver on our ambitious growth targets and create value for our shareholders,” said chief executive Kjell Lorentsen in a market update.

Gigante Salmon has built up to 3,000 tonnes of standing biomass. When fully operational, the facility is expected to produce 16,000 tonnes of salmon annually.

By the end of the fourth quarter, Gigante Salmon had accumulated a standing biomass of a total 3,000 tonnes. The autumn 2024 generation accounts for 2,030 tonnes of the total biomass, with an average weight of 3.2 kg. Harvest for the rest of the autumn 2024 generation is planned from Q1 2026 to Q2 2026.

The autumn 2025 generation accounts for 970 tonnes of the total biomass, with an average weight of 0.4 kg, and is planned for harvest from Q4 2026 to Q2 2027. In total, the company plans to stock 3.3 million smolt during autumn 2026.

The company’s full Q4 report will be published on January 20.