Q4 2025 SalMar ASA Earnings Call(recording) Transcript

Feb 10, 2026 / 09:00 AM GMT

Release Date Price: kr585.5 (-1.26%)

Transcript

Key Points

Positve

SalMar ASA (SALRF) achieved a milestone by harvesting 300,900 tons in 2025, marking a record high biomass at sea.
Operational and biological performance improved significantly, with a 2% increase in fish survival and a 41% reduction in greenhouse gas emissions since 2020.
The company maintained a strong financial position with solid liquidity and a positive outlook, despite a financially weak year.
SalMar ASA (SALRF) was recognized as the world's most sustainable food and beverage producer by the World Economic Forum in Davos.
The company completed strategic acquisitions, strengthening its position in key areas and contributing to historically strong results in sales and industry.

Negative

2025 was financially weak for SalMar ASA (SALRF) due to a higher share of downgraded fish and global supply growth, which pushed down market prices.
Scotland's operations faced significant challenges, with biological issues leading to event-based mortality and a reduction in harvest volume guidance for 2026.
Higher market prices reduced contributions from sales and industry compared to earlier strong results in the year.
Non-recurring items, including litigation and settlement costs, negatively impacted financial results by 82 million NOK in the quarter.
Net financial costs increased significantly, with a 183 million NOK rise compared to the previous quarter, affecting overall profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SALM.OL - SalMar ASA
Q4 2025 SalMar ASA Earnings Call(recording)
Feb 10, 2026 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and welcome to the presentation of Solmar's results for the 4th quarter of 2025. My name is Fred Arsenn, and I am the CEO of Solmar, and with me today we have our CFO Ulrich Steinvik.

At Salmay, it always comes down to produce salmon on the salmon terms. 2025 has been a financially weak year for salmay, but operationally and biologically it has been a strong year. There we have managed to turn several parameters in a positive direction.

That is why it is good to present the numbers today showing that several indicators are now pointing the right way, biologically, cost wise, and in terms of financial performance.

The engagement, effort, and passion our employees have shown in 2025 makes me

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