Following initiation of operations in phase 2 with first smolt release completed, and a successful equity raise and refinancing providing a solid capital structure going forward, Salmon Evolution (OSE: SALME) is ready for the next chapter.
 
Salmon Evolution is at a genuine inflection point. At the core is a proven platform where the heavy lifting is done. Over the next 12 months production volumes are expected to more than double, driven by improved productivity in Phase 1 and the ramp‑up of Phase 2. This marks the transition from a period dominated by investments to harvesting the full value of the platform
 
“I am incredibly proud of the collective effort that has brought Salmon Evolution to where we are today. This milestone would not have been possible without the dedication and hard work of our entire organization”, Trond Håkon Schaug-Pettersen, CEO of Salmon Evolution said. “With phase 2 operational and a solid capital structure in place, we are ready for the next chapter”, he said.

Highlights:

• Indre Harøy phase 2 taken into operation with first smolt release completed.  On track for subsequent milestones.
• Significant step-change in growth following implementation of new feed and changes to operational protocols during Q1, reinforcing confidence in the stated operational targets for the coming periods.
• Revenues of 152.2 NOKm, farming EBITDA 17.6 NOKm and group EBITDA 9.5 NOKm in Q1.
• Solid capital structure in place following completion of refinancing and private placement in April – existing long-term debt facilities increased by 250 NOKm and private placement raising gross proceeds of 411.3 NOKm.

Results presentation:
CEO Trond Håkon Schaug-Pettersen and CFO Trond Vadset Veibust will present the results for the first quarter 2026 at Hotel Continental in Oslo, Norway, Wednesday 6 May at 08:00 CET.
 
The presentation and Q&A will be held in English, and participants may also follow the presentation and submit questions through a live webcast available on www.salmonevolution.no or with the following link: https://events.webcast.no/salmon-evolution/OEpmPDaoyhi5siPjdg0b/tRV9xE9OMGn8WpV3qhJw
 
A recording of the webcast will be made available on our website after the presentation.
 
Find the report by using the following link: https://salmonevolution.wrep.it/q1-2026 or see attached PDF.