1. Norway Stocks

  2. •

    Process industries

  3. •

    Agricultural commodities/Milling
Andfjord Salmon Group AS

Andfjord Salmon Group AS

27.10
NOK
-0.90
(-3.21%)
-1.35EPS
3.55BMarket Cap
Nov 17Next Earn
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.01
- -
- -
- -
- -
- -
0.77
- -
0.01
0.49
Basic EPS, GAAP
-0.06
-0.18
-0.19
-0.54
-0.96
-1.48
-1.43
-1.07
-1.19
-1.35
Free Cash Flow per Basic Share
- -
-0.26
-0.06
-4.79
-6.29
-4.81
-7.32
-20.09
-25.58
-14.8
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.15
0.27
4.37
9.89
9.03
11.59
17.43
18.55
23.85
22.7
Tangible Book Value per Share
0.15
0.27
4.35
9.86
8.95
11.38
17.18
18.31
23.46
22.39
Basic Weighted Avg Shares
34
34
34
36
36
38
49
64
87
106
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
37
- -
1
52
Operating Margin (%)
-842.16
- -
- -
- -
- -
- -
-213.61
-37,862.63
-14,288.83
-252.23
Depreciation Expense
- -
- -
- -
- -
2
14
25
25
36
65
Net Income, GAAP
-2
-6
-6
-19
-34
-57
-70
-68
-104
-144
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-842.18
- -
- -
- -
- -
- -
-187.2
-35,716.84
-12,770.43
-276.43
Working Capital
2
5
91
132
-29
27
154
-168
-388
-726
LT Debt
- -
- -
- -
2
94
81
69
838
1,645
1,651
Total Equity
5
9
147
354
324
476
994
1,254
2,426
2,750
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-87.51
-8.2
-7.66
-10.14
-14.17
-9.5
-6.04
-5.66
-5.83

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
16
16
56
LT Borrowings
1,592
1,597
1,602
LT Finance Leases
52
49
49
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
102
107
121
Market Capitalization
2,502
3,291
3,551

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
306
309
310
Cash, Cash Equivalents & STI
80
86
65
Accounts Receivable, Net
2
- -
64
Inventories
49
100
121
Total Current Liabilities
694
1,114
1,037
Payables & Accruals
- -
- -
- -
ST Debt
16
16
56
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
53.35%
93.38%
Free Cash Flow
- -
88.09%
74.86%
Net Income, GAAP
- -
43.55%
53.37%
Sales/Revenue/Turnover
- -
- -
328.95%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
-1
- -
2025
- -
1
- -
1
1
2026
- -
51
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.28
-0.28
-0.23
0.33
-1.07
2025
-0.26
-0.28
-0.47
-0.53
-1.19
2026
-0.23
-0.17
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Martin Rasmussen
Full Time Employees
31
Sector
Process industries
Industry
Agricultural commodities/Milling
Address
Kvalnesveien 69 Vesterålen Norway 8485
IPO Date
Aug 27, 2019
Website
andfjordsalmon.com
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Business
Andfjord Salmon Group AS engages in the land-based farming of Atlantic salmon using patented flow-through technology that draws oxygen-rich seawater from the Gulf Stream at depths of 40-50 meters to avoid salmon lice, algae, and infectious diseases; the company produces premium Atlantic salmon with superior texture, color, and taste fed Calanus Plus plankton-based feed, alongside innovative waste management systems that repurpose biological sludge and ensure escape-proof pools with minimal environmental impact. Headquartered in Kvalnes, Dverberg on Andøya in Vesterålen, Norway, Andfjord Salmon Group AS was founded in 2014 and holds a Norwegian government license for 10,000 tonnes maximum allowed biomass (MAB) at its primary facility, with operations focused on sustainable aquaculture combining sea-based and land-based advantages for low energy use and high fish welfare. The company, listed on Euronext Growth Oslo under ticker ANDF.OL, recently changed its name from Andfjord Salmon AS in May 2024, completed a NOK 400 million ($40 million) sale-leaseback of its Kvalnes harbor to Asset Buyout Partners in June 2025 with an 80-year leaseback, raised approximately NOK 1.55 billion in Q2 2025 through private placements including NOK 600 million and NOK 400 million share issues plus a NOK 750 million bond, secured a NOK 400 million construction loan in February 2025, initiated Phase 2 expansion at Kvalnes with pool K1 completion and stable biology in pool K0 by October 2025, achieved successful smolt release and 97.5% survival in prior cycles, and strengthened shareholder ties via Jeronimo Martins Agroalimentar (JMA) acquiring additional shares at NOK 30.00 each in September 2024.