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The Norwegian land-based salmon farmer reported negative EBITDA for the quarter but expects production volumes to more than double over the next 12 months.

The Norwegian land-based aquaculture producer says design upgrades in its second phase are improving water quality at Indre Harøy.

The Norwegian land-based aquaculture producer says higher production should help reduce costs as its second phase begins operating.

The Norwegian land-based aquaculture producer says the proceeds will help repay debt and support completion of its Phase 2 expansion in Norway.

The land-based salmon farmer confirmed the first smolt release, and said increased production during 2026 would "unlock new commercial opportunities in both retail and food service markets."

The land-based salmon farmer also confirmed its first Phase 2 smolt will be released this month.