The land-based salmon producer reported a fourth-quarter loss amid weak prices, but said expansion work at Indre Harøy remains on schedule, with first smolt release due in April.
The Norwegian aquaculture company said the development marks the start of commissioning work ahead of the planned introduction of smolt in its expanded facility.
The Norwegian aquaculture company has announced a revised partnership with Dongwon Industries, with responsibility for development and financing shifted to the South Korean partner.
The results of the Q4 2025 operational update released today by the Norwegian company already reflect its strategic focus for the year that has just begun.
The Norwegian land-based salmon farmer made an operational loss in the third quarter due to weak salmon prices and short-term elevated farming costs, but is optimistic about the market in 2026.
The Norwegian salmon farming company indicated it intends to pursue more partnerships in Europe, as Phase 2 of its land-based hybrid flow-through facility nears completion.
