Salmon Evolution ASA: Q4 2024 operational update

Stock exchange notice

Salmon Evolution (OSE: SALME) harvested 1,729 tonnes HOG in Q4, including 105 tonnes LW post smolt, taking full year harvest volume to 4,891 tonnes HOG including post smolt. The quarter showed strong feeding and biomass gain, especially in the second half of November and December.

Q4 operational summary:

  • All-in price realization on harvested fish of NOK ~82/kg.
  • Successful post smolt delivery.
  • Total harvest of 1,729 tonnes HOG, including 105 tonnes LW post smolt.
  • Average harvest weight of ~3.8 kg (HOG), up 15% from last quarter, with continued excellent product quality and a superior grade share of 95%.
  • Biomass production of 1,518 tonnes LW, second highest on record and up 11% Q/Q.
  • Standing biomass of 2,023 tonnes LW end Q4.

“Salmon Evolution achieved significant milestones in 2024 with solid growth in harvest volumes and strong operational progress through the year”, CEO of Salmon Evolution, Trond Håkon Schaug-Pettersen said. “We are especially proud of our excellent biological results, introducing a new standard of salmon farming and giving us a great momentum going into 2025”, he said.