Norwegian land-based salmon farming company Salmon Evolution has hit a new record biomass production at its Indre Harøy, Norway-based facility.

Salmon Evolution posted an operational update to the Oslo Børs that said it achieved net biomass growth of 1,800 metric tons (MT) live weight in Q3 2025 – an increase of 6 percent over Q2 2025 and the fifth-consecutive quarter with quarter-over-quarter increases in biomass production. That biomass production has lead it to a standing biomass of 3,009 MT live weight as of Q3, which it said is aligned with its run-rate target in terms of both salmon weight and the number of individual salmon in the farm.

That increased biomass production came as its salmon harvests in the quarter reached 1,387 MT, with an average harvest weight of 3.5 kilograms head-on gutted, an increase of 20 percent over Q2. The company said lifting harvest weights will continue to be a priority in the coming periods.

The company’s all-in price realization for its salmon was NOK 61 (USD EUR) per kilogram, and the company said there is “high price volatility in the quarter.”

Salmon prices in Norway plunged earlier in 2025 as a record-high salmon supply early in the year drove down pricing. However, the company said it started to see that price rebound in September.

"Salmon prices recovered during September on back of negative year-on-year growth in Norwegian biomass, supporting an increasingly tight supply-demand balance going into 2026,” Salmon Evolution CEO Trond Håkon Schaug-Pettersen said in a release.

Salmon Evolution posted steep drops in its revenue and an EBITDA loss in Q2 2025, largely due to weaker salmon pricing coupled with higher salmon farming costs. However, at the time the company said its operational performance was strong and that its outlook was improving – which has proven true with its latest operational update. The company also said it has already harvested all the underperforming smolt that had caused issues at the facility earlier in 2025.

The company’s high biomass growth, and high standing biomass, will help the company going into the holiday period, Schaug-Pettersen said.

“With a fully stocked farm and steadily improving production and harvest weights, Salmon Evolution is well positioned to capitalize on this,” he said.

Salmon Evolution is currently operating on just the first phase of its facility. Construction continues on Phase 2, which it said will begin housing smolt in 2026 and bring the total production capacity of the facility to 18,000 MT of salmon per year.  

Source - https://www.seafoodsource.com