Salmon Evolution posts Q3 2026 results and arranges NOK 200m financing with DNB
Salmon Evolution harvested 1,597 tonnes in Q3, updated its 2026 guidance to about 5,500 tonnes and secured new NOK 200m funding, per TradingView.
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what happened
Norway-based land-based salmon farmer Salmon Evolution published its third-quarter 2026 results, according to TradingView. The company harvested 1,597 tonnes HOG in the period at an all-in price of roughly NOK 64 per kilogram, with a superior share of 94%. Farming EBITDA was minus NOK 13.3 million and group EBITDA minus NOK 20.2 million.
The 2026 harvest guidance was updated to around 5,500 tonnes HOG, mainly because management chose to bring forward the first Phase 2 harvest within its flexible production plan. For 2027 the company expects 11,000 to 12,000 tonnes HOG. Separately, it obtained financing of up to NOK 200 million from DNB Bank, which it says is extra liquidity after salmon prices came in below expectations. The loan matures on 30 June 2027 and carries NIBOR plus 500 basis points.
why it matters
For investors in salmon producers, fish prices drive much of the financial result, so Salmon Evolution's figures offer a read on the wider sector. The 2027 outlook reflects management's expectations rather than guaranteed outcomes, and the quarterly margin step-up on the loan is worth watching for anyone tracking the debt load of small aquaculture companies.
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sources
- Salmon Evolution ASA: Fully focused on execution — TradingView, 28 October 2026 at 05:30 UTC
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