SalMar ASA

SalMar ASA

SALRY
SalMar ASAUS flagOther OTC
15.05
USD
-0.28
- -
8.16BMarket Cap
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
13.74
15.98
16.3
19.98
23.94
25.1
27.05
28.46
32.35
41.88
53.44
49.93
51.03
48.46
Basic EPS, GAAP
3.95
2.66
2.46
5.88
5.06
7.92
5.52
4.38
5.65
6.91
6.09
5.63
2.06
2.16
Free Cash Flow per Basic Share
1.78
3.68
3.62
6.07
7.51
6.18
3.73
-1.28
1.48
3.69
12.59
5.31
2.32
3.01
Dividend per Share
- -
2
2.51
2.51
3.04
4.77
5.8
3.3
4.91
5.02
5.23
8.88
5.64
0.16
Book Value per Share
9.43
0.06
0.06
0.06
0.06
0.06
18.6
20.34
21.24
14.26
18.8
15.45
11.27
9.57
Tangible Book Value per Share
5.73
5
5.16
8.4
10.56
12.74
11.08
9.21
15.02
12.24
8.36
1.42
-4.37
-4.55
Basic Weighted Avg Shares
453
448
448
449
449
450
451
452
463
479
526
527
536
524
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
25,385
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
10.53
Depreciation Expense
226
278
321
358
419
488
718
812
807
1,001
1,452
1,759
1,954
1,861
Net Income, GAAP
1,790
1,192
1,103
2,637
2,274
3,568
2,488
1,979
2,617
3,312
3,203
2,969
1,105
1,130
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
16.95
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
4.45
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
7,666
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
19,960
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
18,280
Return on Invested Capital (%)
23.39
17.09
14.51
27.13
21.87
33.37
18.31
14.03
14.18
10.07
7.25
9.38
5.07
5.56
Return on Capital (%)
28.4
25.21
41.68
94.17
109.55
214.55
34.77
14.13
15.53
11.98
10.89
12.92
6.71
9.12
Return on Common Equity (%)
53.9
55.42
3,895.11
9,310.08
8,028.18
12,598.1
59.1
22.52
27.51
39.74
38.32
32.94
15.58
44.79

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
2,274
2,569
2,267
LT Borrowings
15,464
18,545
18,707
LT Finance Leases
1,274
1,201
1,253
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
132
134
134
Market Capitalization
71,524
64,125
56,091

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
17,925
17,104
17,949
Cash, Cash Equivalents & STI
331
338
512
Accounts Receivable, Net
1,517
1,171
1,258
Inventories
15,247
14,863
15,143
Total Current Liabilities
10,344
6,865
10,283
Payables & Accruals
- -
- -
- -
ST Debt
2,274
2,569
2,267
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

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

FRC

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
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.55
1.62
0.55
1.9
5.63
2025
-0.67
0.37
1.78
- -
2.06
2026
1.05
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
8.8
0.07
- -
8.88
2025
0.09
- -
0.01
- -
5.64
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Frode Arntsen
Full Time Employees
3,073
Sector
Consumer Defensive
Industry
Agricultural Farm Products
Address
Industriveien 51 Kverva Norway 7266
IPO Date
May 9, 2019
Website
salmar.no
Business
SalMar ASA, the world's second-largest producer of Atlantic salmon, engages in the breeding, smolt production, marine-phase farming, harvesting, processing, packaging and global sale of farmed salmon; it operates advanced recirculating aquaculture systems (RAS) smolt facilities, semi-offshore units including Ocean Farm 1 and Arctic Offshore Farming, closed net pens, and innovative development projects such as Smart Fish Farm for open-ocean operations and Marine Donut closed structures; the company maintains substantial harvesting and processing capabilities through InnovaMar in Central Norway (capacity of 150,000 tonnes annually) and InnovaNor on Senja in Northern Norway (also 150,000 tonnes capacity), alongside co-ownership in Vikenco AS for additional harvesting; SalMar conducts integrated sales and distribution activities targeting over 50 countries in Europe, Asia, North America and beyond, with sales offices in Japan, South Korea, Vietnam, Taiwan, Thailand and Singapore; it supplies fresh whole fish, frozen products, fillets, portions and value-added ready-to-eat salmon items through in-house sales teams and partners. Founded in 1991 and headquartered in Kverva, Norway, SalMar manages fish farming operations across Central Norway (84,387 tonnes maximum allowable biomass or MAB), Northern Norway (72,337 tonnes MAB), offshore sites, Iceland via its 52% stake in Icelandic Salmon (with hatcheries, farms and a processing plant in Bildudalur), and the United Kingdom through a 50% ownership in Scottish Sea Farms (operations in Scotland, Orkney and Shetland); the company focuses on sustainable aquaculture, high fish welfare, low environmental impact and biological efficiency to serve consumer markets demanding healthy protein. Recent developments include the completion of a controlling 45% stake acquisition in AS Knutshaugfisk in February 2025, adding 3,466 tonnes MAB across four Mid-Norway sites and boosting total volume potential to 370,000 tonnes; the merger with Wilsgård AS finalized in August 2025, enhancing Northern Norway presence with 5,844 tonnes MAB in production areas PO10 and PO11; record-high Q3 2025 harvest of 93,200 tonnes group-wide amid positive cost reductions and superior biological performance, particularly in Northern Norway; projected 2025 group harvest of 299,000 tonnes (19% increase from 2024) and 319,000 tonnes in 2026; ongoing offshore advancements with Ocean Farm 1's third cycle and Arctic Offshore Farming's first cycle completed in 2024; and recognition as the top global food and beverage company for sustainable growth in 2025 by TIME Magazine and Statista, reflecting a 35% reduction in GHG intensity since 2020.

Company News

APIChat
  • 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

  • SalMar – Successful tap issue of new green bond