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  3. •

    Agricultural commodities/Milling
Salmon Evolution ASA

Salmon Evolution ASA

3.30
NOK
-0.38
(-10.46%)
-0.26EPS
2.30BMarket Cap
Oct 28Next Earn
Salmon Evolution ASA
STO:SALMEO
(Nasdaq Stockholm)

Recent

price

3.30

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
NOK
- -
- -
0.04
0.14
0.39
1.06
0.7
0.84
Revenue per Share
-0.05
-0.13
-0.09
-0.1
-0.37
-0.11
-0.37
-0.26
Basic EPS, GAAP
-0.13
-1.39
-2.97
-2.5
-1.3
-0.74
-2.86
-2.79
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.17
3.59
4.17
4.52
4.64
4.81
4.46
4.28
Book Value per Share
0.17
3.59
3.97
4.33
4.47
4.63
4.28
4.13
Tangible Book Value per Share
220
127
291
337
391
440
463
483
Basic Weighted Avg Shares
- -
- -
12
46
153
468
325
404
Sales/Revenue/Turnover
- -
- -
-314.1
-161.96
-85.23
-1.01
-48.86
-31.96
Operating Margin (%)
- -
1
2
6
47
76
84
83
Depreciation Expense
-11
-17
-26
-33
-146
-47
-172
-127
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
- -
-219.52
-70.98
-95.07
-10.13
-52.76
-31.37
Profit Margin (%)
13
567
440
244
431
390
-95
145
Working Capital
2
1
213
523
578
579
1,575
2,100
LT Debt
38
788
1,298
1,564
1,921
2,223
2,063
2,374
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
-4.07
-2.54
-2.29
-8.37
-2.29
-8.01
-5.67
Return on Common Equity (%)

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
346
2,199
220
LT Borrowings
1,545
17
2,073
LT Finance Leases
30
29
27
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
463
463
554
Market Capitalization
2,401
2,096
2,305

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
479
475
602
Cash, Cash Equivalents & STI
159
137
281
Accounts Receivable, Net
10
84
40
Inventories
244
184
219
Total Current Liabilities
574
2,451
456
Payables & Accruals
- -
- -
- -
ST Debt
346
2,199
220
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
23.29%
-7.22%
Free Cash Flow
- -
123.63%
304.21%
Net Income, GAAP
- -
124.17%
261.99%
Sales/Revenue/Turnover
- -
- -
-30.46%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
98
169
51
149
468
2025
50
90
87
99
325
2026
152
67
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.01
-0.06
-0.06
-0.11
2025
-0.11
-0.16
-0.1
- -
-0.37
2026
-0.08
-0.08
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Salmon Evolution ASA and its subsidiaries engage in the specialized field of land-based salmon aquaculture in Norway and across global markets. The company leverages an innovative hybrid flow-through system for raising Atlantic salmon at its primary facility in Indre Harøy, located on Norway's west coast, ensuring controlled and optimal growth conditions while mitigating biological risks. This technology is designed to minimize parasite and infection threats, supported by continuous access to fresh, filtered seawater and renewable energy. Established in 2017 and headquartered in Elnesvågen, Norway, Salmon Evolution focuses on producing high-quality salmon, serving the European market and expanding into Asia and North America. Recent developments include the ongoing progression of Phase 2 at its Indre Harøy site, with commissioning set to begin shortly and the initial smolt release anticipated in the first quarter of 2026. The company projects a harvest volume of approximately 7,000 tonnes HOG for 2026, marking a significant increase from 2025. Additionally, Salmon Evolution has entered a joint venture for a land-based salmon farm in South Korea and recently partnered to introduce land-based smoked salmon in Italy. The company also operates a smolt production facility at Dale and is committed to sustainable practices, including converting waste into fertilizer or biogas.