Salmon Evolution is expecting a tighter market this year
The landbased farmer deliberately harvested less in 2025 in order to have more fish to sell in 2026 – a year it believes will have more limited supply, especially in the first six months.
In an operational update for Q4 2025, Salmon Evolution writes that it enters 2026 with full biomass, in anticipation of a tight salmon market – especially in the first half of the year.
The harvest volumes for 2025 ended at 4,403 tonnes head on gutted (HOG) compared to 4,891 tonnes HOG in 2024, a decrease of approximately 10%. For 2026, Salmon Evolution expects 7,000 tonnes, an increase of almost 60%.
"The 2025 harvest volumes reflect the strategic priority of maintaining full biomass at the turn of the year," the company writes in the update.
Operational summary for Q4:
- Harvest of 1,203 tonnes HOG with a total price realisation of approximately NOK 74/kg, and total harvest volume in 2025 of 4,403 tonnes HOG. The average weight was 3.3 kg HOG, which was in line with Q3
Sales of approximately 69 tonnes of live smolt on ordinary market terms, which generated revenues of around NOK 8.3m.
- Continued stable operations with net biomass growth of around 1,592 tonnes (live weight) in the quarter. According to the company, biomass production was impacted by high logistics activity related to biomass optimisation into 2026 – underlying biomass growth is in line with previous quarters.
The company itself believes that it is now well positioned for 2026 and that it has a solid foundation for further improvements in biomass growth, harvest volumes and harvest weights in the coming periods.
"We expect to harvest around 1,800 tonnes of HOG in the first quarter and are well positioned for further improvements in biomass growth, harvest volumes and harvest weights in the coming periods," says chief executive Trond Håkon Schaug-Pettersen in a comment.
Salmon Evolution has an annual capacity of approximately 7,900 tonnes HOG in phase 1 on its hybrid recirculation / flow-through facility in the island of Indre Harøy. A second phase, due to be completed imminently, will take capacity to 18,000 tonnes.
