SalMar reports strong Q2 results and boosts its 2026 harvest forecast

SalMar has released its second-quarter 2026 results, highlighting a record-high harvest volume and a “significant” overall improvement in earnings.

However, an unfavourable harvest profile, with the majority of volumes harvested in June, had a negative impact on prices achieved during the period.

The positive effects were mainly driven by higher volumes, improved fish quality, and lower costs throughout the value chain.

In more detail, the Group's operational EBIT amounted to NOK 1.237 billion, with a harvest volume of 81,800 tonnes and operational EBIT of NOK 15.1 per kg. In Norway, operational EBIT reached NOK 1.227 billion, with a harvest volume of 71,500 tonnes.

"We leave behind a quarter with a record-high harvest volume for a second quarter, driven by continued strong biological performance in Norway. Although results for the period were affected by an unfavourable harvest profile and lower market prices throughout the quarter, we maintain a strong biological status at sea, with biological KPIs continuing to reach record levels," detailed Frode Arntsen, CEO of SalMar ASA.

For 2026, the salmon producer expects to increase its harvest volume by 20,000 tonnes, reaching a total of 350,000 tonnes, including its proportional share of Scottish Sea Farms.

For the third quarter, SalMar expects lower costs across the value chain and significantly higher volumes than those recorded in the third quarter of 2025. The company also expects global supply growth to remain low in 2026.

Last July, SalMar confirmed the acquisition of a 70% stake in Måsøval, involving the purchase of 85,727,553 shares from Heimstø, the investment company owned by the Måsøval family and Måsøval’s majority shareholder.