26.6.2026 08:00:08 CEST | Andfjord Salmon | Non-regulatory press releases
Andfjord Salmon Group AS (Andfjord Salmon) is pleased to report the successful
completion of its inaugural post-smolt sale to regional fish farmer Eidsfjord
Sjøfarm.
"We announced our post-smolt production strategy in February 2024 as a
complement to our human-grade salmon production, enabling us to make full use of
available pool capacity. We are proud to complete the first post-smolt sale
under this strategy. This has been a highly successful production cycle, with
healthy biological conditions delivering strong fish growth and an impressive
survival rate," says Martin Rasmussen, CEO of Andfjord Salmon.
Over the past week, approximately 450,000 salmon - at an average weight of 1,234
grams per fish following pre-transfer fasting - were transferred from pool K1 at
Kvalnes to a wellboat in the harbour in four separate batches. Each successive
batch was completed more efficiently than the last, demonstrating the steady
operational improvements achieved throughout the process.
Eidsfjord Sjøfarm has now released the acquired post-smolt into ocean net pens
in the Vesterålen region. The purchase forms part of a strategic post-smolt
partnership between Andfjord Salmon and Eidsfjord Sjøfarm.
"This strategic cooperation enables us to achieve higher biomass turnover, with
the associated benefits of improved EBIT, a shorter runway to revenue and
positive cash flow effects. Eidsfjord Sjøfarm, in turn, benefits from releasing
a robust fish into ocean net pens and from a shorter ocean-based grow-out phase.
The latter delivers multiple biological and environmental advantages, including
lower proneness to disease and reduced exposure to salmon lice," adds Martin
Rasmussen.
OPERATIONAL STATUS UPDATE
Andfjord Salmon has retained approximately 290,000 fish in pool K1 for grow-out
as human-grade salmon. The company expects to begin harvesting the K1 biomass in
the fourth quarter of this year.
In addition to pool K1, Andfjord Salmon currently has production in pool K0
(grow-out) and pool K3 (post-smolt). As of 25 June 2026, total standing biomass
at Kvalnes was 1,315 tonnes of live salmon, following the recent sale of
approximately 560 tonnes of post-smolt. The aggregated average survival rate is
98.52 percent.
Photos:
https://collection.cloudinary.com/andfjord/2eb96877d6b075bd1bc02007cfec158f -
https://urldefense.proofpoint.com/v2/url?u=https-3A__collection.cloudinary.com_a
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CONTACTS
* Investors: Bjarne Martinsen, CFO, Andfjord Salmon Group AS, +47 975 08 345,
bjarne.martinsen@andfjord.no
* Media: Martin Rasmussen, CEO, Andfjord Salmon Group AS, +47 975 08 665,
martin@andfjord.no
ABOUT ANDFJORD SALMON
Located at Andøya on the Arctic Archipelago of Vesterålen, Norway, Andfjord
Salmon is developing the world's most sustainable and fish-friendly aquaculture
facility of its kind. Through a proprietary flow-through system, Andfjord Salmon
combines the best from ocean and land-based salmon farming. In its first
production cycle, the company achieved an industry-leading survival rate of 97.5
percent, feed conversion ratio of 1.05, superior share of 91.1 percent, and
required 1 kWh to produce one kilo of salmon. For more information, see
www.andfjordsalmon.com - http://www.andfjordsalmon.com
e one kilo of salmon. For more information\, see \
www.andfjordsalmon.com - http://www.andfjordsalmon.com\