)
Investor Relations14 Oct 2025
Boost Your Earnings Season Strategy With Real‑Time Alerts
Quartr Pro provides real time alerts, trend analysis and live coverage, giving analysts and investors instant insights to act faster in earnings.
Salmon Evolution (SALME) investor relations material
Salmon Evolution Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary19 Aug, 2025
Executive summary
Indre Harøy phase 2 construction is progressing on schedule, with major milestones achieved and first smolt release expected in Q1 2026; operations remain stable with minimal mortality and record-high standing biomass of 3,043 tonnes LW.
Q2 saw all-time high underlying biomass and normalized composition, positioning for increased harvest weights and volumes from Q3 onward.
Harvested 1,232 tonnes HOG in Q2, with revenues of 91.1 NOKm; results were impacted by weak salmon prices and higher temporary farming costs from non-recurring smolt quality issues.
Financial flexibility improved with new credit facilities totaling 250 NOKm and an increased overdraft facility to 200 NOKm.
Phase two will more than double production capacity and improve harvest regularity, supporting commercial growth.
Financial highlights
Q2 2025 group revenue was 91.1 NOKm, down from 170.5 NOKm in Q2 2024, mainly due to significantly weaker salmon prices.
Group EBITDA was -25.6 NOKm, with operational EBIT at -46.8 NOKm; farming segment EBITDA was -13.2 NOKm.
Cash flow from operations was -33.9 NOKm, and net interest-bearing debt at quarter-end was 944 NOKm.
All-in price realization on harvested fish was NOK 72.1/kg, down from NOK 106.1/kg in Q2 2024.
Temporary high farming costs in Q2 were due to harvesting underperforming groups affected by last year's smolt quality issues.
Outlook and guidance
2025 harvest guidance revised down to ~5,000 tonnes HOG, with underlying production expected at ~5,800–6,000 tonnes HOG, over 20% higher than 2024.
About 500 tonnes originally planned for 2025 have been shifted to 2026 to optimize for expected stronger prices.
Both harvest weights and volumes are set to increase from Q3 onward due to normalized biomass composition.
Market outlook for 2026 is positive, with global supply expected to contract and prices to recover.
Focus remains on operational excellence and completion of Indre Harøy phase 2.
Assess impact of biomass normalization on KPIs.
Explain the rationale for the harvest guidance update.
What are the key benefits of the new grow-out program?
Assess impact of biomass normalization on harvest costs.
Explain the drivers behind the expected price recovery in 2026.
Detail the rationale for prioritizing biomass in 2026.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Salmon Evolution earnings date
Q3 202511 Nov, 2025
Next Salmon Evolution earnings date
Q3 202511 Nov, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Edge3 Oct 2025
Epiroc: A Culture of Moving Mountains
From automation to electrification, Swedish industrial giant Epiroc is leading a transformation in how the world mines.
)
Company Research22 Sep 2025
Moody's: Shaping Global Credit
Explore Moody's evolution from publishing manuals to becoming a giant in credit ratings, guiding issuers, investors, and regulators worldwide.
Frequently asked questions
Salmon Evolution Holding AS, together with its subsidiaries, produces and markets marine feed for salmon and other fish species. The company operates as a land-based salmon farming company in Norway. It focuses on the production of salmon meals through production of Norwegian Salmon Aquaculture at Bremnes AS and in cooperation with another operating entity. Salmon Evolution Holding AS us based in Molde, Norway.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage