SalMar's Q3 profit surges on bigger harvests; shares gain in Oslo

what happened

Norwegian salmon farmer SalMar ASA posted a sharp jump in third-quarter profit compared with the same period a year earlier, helped by stronger harvest volumes. Output reached 105,100 tonnes, up from 93,200 tonnes a year before.

Net profit attributable to shareholders rose to NOK1.38 billion, or NOK10.2 per share, from NOK305 million, or NOK2.3 per share. Adjusted profit climbed to NOK869 million from NOK176 million. Revenue grew 10.3% to NOK8.66 billion, while operational EBIT rose to NOK1.61 billion from NOK711 million.

For 2026, the company projects a harvest of 347,000 tonnes including its share of Scottish Sea Farms, which is 15% growth on the prior year. Earlier guidance was 350,000 tonnes. For 2027 it expects 348,000 tonnes, broadly in line with 2026. According to TradingView, citing RTTNews and dpa-AFX, the shares traded 2.76% higher in Oslo at NOK595.00.

why it matters

A forecast of limited global salmon supply growth in 2027, together with steady demand for the company's products, may support prices and producer margins. Profit rising alongside higher volumes points to better operations rather than one-off factors. Investors will watch salmon pricing and production costs in the coming quarters.

market impact

SalMar shares: strong profit and higher harvest volumes support the stock in Oslo

• ▲SalMar shares pressure up — stronger profit and higher harvest volumes support the share price

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