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Rune Johansen will now have three simultaneous roles, as he plans to continue as Chief Investor Relations Officer at Gigante Salmon and CFO at Salten Aqua, the parent group of Polar Quality.

The Norwegian company has also released its full year results for 2025, which it says demonstrate its transformation "from developer to fish farmer".

Following strong investor demand, the company increased the transaction by NOK 37.5 million.

Founder and CEO Kjell Lorentsen said the result marked "an important milestone that confirms our land-based solution is performing as planned."

The Norwegian producer says the technology from nanobubble specialist Moleaer has helped stabilise dissolved oxygen levels during periods of high demand.

The company, which is constructing a land-based flow-through system in Rødøy, northern Norway, intends to raise new capital in early 2026.