SalMar ASA

SalMar ASA

581.50
NOK
+2.25
(+0.39%)
15.34EPS
29.90P/E
63.11BMarket Cap
Nov 03Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
54.97
63.93
65.2
79.92
95.74
100.39
108.2
113.83
129.39
167.53
213.76
199.71
204.13
211.8
Basic EPS, GAAP
15.8
10.65
9.85
23.51
20.24
31.7
22.06
17.52
22.61
27.65
24.37
22.53
8.25
15.57
Free Cash Flow per Basic Share
7.12
14.71
14.48
24.29
30.04
24.71
14.92
-5.1
5.91
14.75
50.38
21.24
9.26
47.69
Dividend per Share
- -
8.02
10.04
10.04
12.16
19.07
23.21
13.22
19.63
20.08
20.9
35.53
22.58
0.06
Book Value per Share
42.17
45.33
45.91
58.75
67.35
80.26
79.77
87.12
112.41
133.37
151.04
135.88
131.13
129.18
Tangible Book Value per Share
20.17
19.45
19.92
32.83
41.36
50.06
37.78
26.75
39.93
7.34
9.23
-11.87
-35.07
-37.06
Basic Weighted Avg Shares
113
112
112
112
112
113
113
113
116
120
131
132
134
134
Sales/Revenue/Turnover
6,228
7,160
7,304
8,963
10,755
11,301
12,202
12,857
14,972
20,070
28,099
26,318
27,343
28,441
Operating Margin (%)
31.37
25.31
19.86
34.6
24.6
39.16
23.9
22.19
24.28
23.16
31.31
19.99
12.01
14.04
Depreciation Expense
226
278
321
358
419
488
718
812
807
1,001
1,452
1,759
1,954
2,079
Net Income, GAAP
1,790
1,193
1,103
2,637
2,274
3,568
2,488
1,979
2,617
3,312
3,203
2,969
1,105
2,091
Effective Tax Rate (%)
18.03
25.38
18.42
20.68
19.55
19.61
19.44
21.91
21.22
20.91
62.29
26.09
33.77
21.78
Profit Margin (%)
28.74
16.66
15.11
29.42
21.14
31.58
20.39
15.39
17.48
16.5
11.4
11.28
4.04
7.35
Working Capital
3,974
3,136
3,258
3,607
2,576
3,424
4,191
3,107
5,558
12,048
8,004
7,581
9,590
5,646
LT Debt
2,446
2,192
2,753
2,440
1,156
1,019
3,240
4,447
5,657
19,502
13,713
16,738
20,289
16,861
Total Equity
5,061
5,137
5,227
6,681
7,668
9,140
9,740
10,987
15,483
24,155
23,079
20,239
20,148
19,651
Return on Invested Capital (%)
23.33
15.53
14.44
26.99
23.08
32.47
19.05
13.91
13.46
10.26
7.02
9.44
4.5
7.41
Return on Capital (%)
26.5
16.28
14.73
31.05
25.41
36.56
21.05
13.54
13.91
9.23
8.04
9.64
4.97
7.44
Return on Common Equity (%)
47.39
24.34
21.58
44.9
32.08
42.92
27.56
20.99
22.67
20.33
16.32
15.7
6.2
11.62

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,020
6,563
5,048
LT Borrowings
19,086
14,779
15,543
LT Finance Leases
1,203
1,322
1,318
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
135
136
136
Market Capitalization
83,464
77,358
63,107

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
18,750
17,773
17,921
Cash, Cash Equivalents & STI
560
569
942
Accounts Receivable, Net
1,351
991
1,166
Inventories
15,853
15,032
14,715
Total Current Liabilities
9,160
11,678
12,275
Payables & Accruals
- -
- -
- -
ST Debt
3,020
6,563
5,048
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.09%
15.94%
-0.45%
Free Cash Flow
0.14%
20.19%
-55.66%
Net Income, GAAP
11.68%
-2.92%
-62.78%
Sales/Revenue/Turnover
14.92%
17.61%
3.89%
Total Cash Common Dividend
16.48%
21.45%
-35.41%

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,504
5,838
6,158
7,876
26,318
2025
5,176
6,175
- -
8,176
27,343
2026
6,478
7,612
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6.2
6.5
2.2
7.6
22.53
2025
-2.7
1.5
- -
7.1
8.25
2026
4.2
2.7
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
35.19
0.29
- -
35.53
2025
0.37
- -
- -
0.06
22.58
2026
- -
- -
- -
- -
- -

Company Description

CEO
Frode Arntsen
Full Time Employees
3,297
Sector
Process industries
Industry
Agricultural commodities/Milling
Address
Industriveien 51 Kverva ST Norway 7266
IPO Date
May 9, 2007
Website
salmar.no
Business
SalMar ASA, the world's second-largest producer of Atlantic salmon, engages in salmon farming, processing and trading of fish and shellfish. The company operates through segments including Fish Farming Central Norway with 68 marine-phase production licenses, Fish Farming Northern Norway with 32 licenses, Sales and Industry handling harvesting, processing and sales activities in Norway, and Icelandic Salmon for production and processing. It offers whole fresh salmon, frozen fish, high-quality ready-to-eat salmon products and provides salmon to over 50 countries worldwide including markets in Asia, Europe, North America and internationally; SalMar also pursues sustainable practices such as offshore farming to reduce environmental impact. Founded in 1991 and headquartered in Kverva on Frøya, Norway, the company maintains operations in central and northern Norway, offshore sites, Iceland and Scotland through Scottish Sea Farms. Recent developments include the completion of a controlling 45% stake acquisition in AS Knutshaugfisk in February 2025 adding 3,466 tonnes maximum allowable biomass across four Mid-Norway sites, a proposed merger with Wilsgård AS approved in April 2025 to add further production capacity in PO10 and PO11 areas expected by summer 2025, full ownership of Salmøy Ocean as a subsidiary, record-high 2025 harvest volume guidance of 299,000 tons up 19% from 2024 with 2026 projections at 319,000 tons, and a NOK 200 million commercial paper expansion.

Company News

  • SalMar ASA (SALRY) Q2 2026 Earnings Call Prepared Remarks Transcript

  • SalMar ASA (SALRY) Q1 2026 Earnings Call Prepared Remarks Transcript

  • SalMar – Q1 2026 Trading update

  • SalMar - Key information relating to the cash dividend paid by SalMar ASA

  • SalMar - Final year-end financial statements for 2025 approved by the board of directors

  • SalMar - Mandatory notification of trade

  • SalMar – Successful placement of a new NOK senior unsecured green bond

  • SalMar ASA (SALRY) Q4 2025 Earnings Call Prepared Remarks Transcript

  • SalMar – Strong operational performance with record‑high harvest volume and lower cost level

  • SalMar - Invitation to presentation of the fourth quarter 2025 results

  • SalMar – Settlement of acquisition of shares in Øylaks MTB AS – issue of new shares

  • SalMar - Release of employee restricted share units in SalMar ASA ("the Company")

  • SalMar ASA (SALRY) Q3 2025 Earnings Call Prepared Remarks Transcript

  • SalMar - Mandatory notification of trade

  • SalMar - Invitation to presentation of the third quarter 2025 results

  • SalMar - Mandatory notification of trade

  • SalMar - Mandatory notification of trade

  • SalMar - Share buyback program has been completed

  • SalMar - Mandatory notification of trade

  • SalMar - Mandatory notification of trade