[{"data":1,"prerenderedAt":1114},["ShallowReactive",2],{"story":3,"header":181,"articles-0dc817f0-39cf-4fe0-8361-e75f2c4c3ead":293,"footer":1030},["Reactive",4],{"name":5,"created_at":6,"published_at":7,"updated_at":8,"id":9,"uuid":10,"content":11,"slug":167,"full_slug":168,"sort_by_date":169,"position":170,"tag_list":171,"is_startpage":29,"parent_id":173,"meta_data":66,"group_id":174,"first_published_at":175,"release_id":66,"lang":165,"path":66,"alternates":176,"default_full_slug":66,"translated_slugs":66},"Andfjord Salmon on track with Kvalnes build-out: Q4 and full-year 2020 interim financial results","2023-05-25T11:24:57.990Z","2023-07-17T10:43:27.987Z","2023-07-17T10:43:28.019Z",313495520,"ccb8e4e9-e1c2-4f27-a1af-a2c18ae8c3e5",{"SEO":12,"_uid":18,"body":19,"excerpt":144,"component":145,"thumbnail":146,"categories":147,"summary_title":5,"displayAnnouncement":29},{"_uid":13,"title":5,"plugin":14,"og_image":15,"og_title":5,"description":16,"twitter_image":17,"twitter_title":17,"og_description":16,"twitter_description":17},"77190383-1482-46d3-94f3-ce8fe609c7b6","seo_metatags","https://res.cloudinary.com/andfjord/image/upload/v1685014591/Nature/landbased%20atlantic%20norway%20norwegian_andfjord_salmon.jpg","Andfjord Salmon AS remains on track with its Kvalnes development, which has been significantly de-risked during the fourth quarter 2020 and into 2021.\n","","19166a01-4667-4328-8f67-a9196a731498",[20,36,136],{"id":17,"_uid":21,"ctas":22,"text":16,"media":23,"title":5,"useH1":30,"overlay":31,"component":34,"content_alignment":35},"7f960cb9-dd91-4444-8e72-af153ed24ab8",[],{"id":17,"alt":17,"name":17,"focus":17,"title":17,"width":24,"height":25,"source":17,"filename":15,"copyright":17,"fieldtype":26,"meta_data":17,"public_id":27,"aspect_ratio":28,"is_external_url":29},800,450,"asset","Nature/landbased atlantic norway norwegian_andfjord_salmon",1.7777777777777777,false,true,{"value":32,"plugin":33},50,"storyblok-slider","Hero","centre",{"id":17,"_uid":37,"theme":38,"content":39,"component":134,"vertical_padding":135},"79f1e808-0be4-4325-810c-9b1a3cfde7be","DARK",{"type":40,"content":41},"doc",[42,53,57,70,74,78,82,86,92,96,100,104,110,114,118,122,126],{"type":43,"content":44},"paragraph",[45,48],{"text":46,"type":47},"‍","text",{"text":49,"type":47,"marks":50},"12 March 2021 – Andfjord Salmon AS remains on track with its Kvalnes development, which has been significantly de-risked during the fourth quarter 2020 and into 2021.",[51],{"type":52},"bold",{"type":43,"content":54},[55],{"text":56,"type":47},"“The decision we made in December to fast-track the development of the full Kvalnes area was smart as it reduces both overall project execution risk for the area development and biological risk for the start pool. This year’s successful hook-up of the first pool has further de-risked the entire project. We are pleased with the progress we are making,” says Martin Rasmussen, CEO of Andfjord Salmon.",{"type":43,"content":58},[59],{"text":60,"type":47,"marks":61},"Read or download full report",[62,68],{"type":63,"attrs":64},"link",{"href":65,"uuid":66,"anchor":66,"target":66,"linktype":67},"https://www.andfjordsalmon.com/investor/reports-and-presentations",null,"url",{"type":69},"underline",{"type":43,"content":71},[72],{"text":73,"type":47},"In the fourth quarter 2020, Andfjord Salmon made the decision to go from a sequential development at Kvalnes to a parallel development of the full Kvalnes area. The main purpose was to fast-track the development of the production capacity at Kvalnes from 1,260 tonnes (HOG) to 12,600 tonnes, while at the same time reducing overall project risk and biological risk for the start pool.",{"type":43,"content":75},[76],{"text":77,"type":47},"Further, initiating a full area development results in saved expenses related to de-mobilization and mobilization of required machinery, and does not otherwise affect total capex.",{"type":43,"content":79},[80],{"text":81,"type":47},"Subsequent to this decision, Andfjord Salmon conducted a successful private placement where it raised NOK 88.2 million to fast-track blasting and excavation work related to the expansion from 1,260 to 12,600 tonnes (HOG) at Kvalnes.",{"type":43,"content":83},[84],{"text":85,"type":47},"At year-end 2020, Andfjord Salmon held cash or cash equivalents of NOK 148.8 million. This figure does not include a NOK 50 million undrawn credit facility or NOK 15 million in available grants.",{"type":43,"content":87},[88],{"text":89,"type":47,"marks":90},"First pool connected with inlet and outlet pipelines",[91],{"type":52},{"type":43,"content":93},[94],{"text":95,"type":47},"Subsequent to year-end, Andfjord Salmon has, in line with its project plan, successfully installed the two most time-critical and weather dependent installations: the water inlet and outlet pipelines for the first pool. Hence, the most central building-blocks of its flow-through system are now connected to the surrounding ocean at Andøya.",{"type":43,"content":97},[98],{"text":99,"type":47},"“Utilising a continuous stream of fresh seawater from the surrounding Andfjorden is a key element of creating optimal living conditions for our salmon. We are on track to build the world's most fish friendly and sustainable aquaculture facility of its kind,” says Martin Rasmussen.",{"type":43,"content":101},[102],{"text":103,"type":47},"Andfjord Salmon is currently finalising electrical and automation installations, as well as installation of less time-critical pipeline connections, before the first pool is ready for water testing.",{"type":43,"content":105},[106],{"text":107,"type":47,"marks":108},"Q4 and full-year results",[109],{"type":52},{"type":43,"content":111},[112],{"text":113,"type":47},"Andfjord Salmon is currently building up its first land-based salmon farming facility, which means that that the company does not yet generate a steady revenue stream. In the fourth quarter 2020, Andfjord Salmon had revenues of NOK 0.18 million versus zero revenues in the same quarter in 2019. The company had an operating loss of NOK 7.1 million in the fourth quarter 2020 compared to an operating loss of 2.9 million in the corresponding quarter in 2019.",{"type":43,"content":115},[116],{"text":117,"type":47},"For the full-year 2020, Andfjord Salmon had revenues of 0.18 million compared to NOK 1.7 million in 2019. Operating profit in 2020 showed a loss of NOK 19.6 million, compared to a loss of NOK 8.3 million in 2019.",{"type":43,"content":119},[120],{"text":121,"type":47},"Andfjord Salmon has developed a patented, innovative, and sustainable aquaculture concept for land-based farming of Atlantic salmon. The company’s facility is escape-proof, lice-free and its innovative multi cleaning system prevents polluting marine life.",{"type":43,"content":123},[124],{"text":125,"type":47},"The presentation material for today’s Q4 and interim full-year 2020 financial results presentation, to be held at 08:00 CET, is enclosed to this announcement. The webcast presentation can be followed from this link:",{"type":43,"content":127},[128],{"text":129,"type":47,"marks":130},"https://channel.royalcast.com/landingpage/hegnarmedia/20210312_4/",[131,133],{"type":63,"attrs":132},{"href":129,"uuid":66,"anchor":66,"target":66,"linktype":67},{"type":69},"RichText","py-6",{"id":17,"_uid":137,"link":138,"theme":38,"title":141,"filters":29,"category":142,"LinkLabel":17,"component":143,"pagination":29,"displaySecondRow":29},"71e5fdc6-f5c6-4de2-8573-7e4ad8d97294",{"id":17,"url":17,"linktype":139,"fieldtype":140,"cached_url":17},"story","multilink","recent articles ","0dc817f0-39cf-4fe0-8361-e75f2c4c3ead","RecentArticles","Andfjord Salmon AS remains on track with its Kvalnes development, which has been significantly de-risked during the fourth quarter 2020 and into 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sale","2026-06-25T20:02:45.778Z","2026-06-26T07:16:00.525Z","2026-06-26T07:16:00.539Z",191398567109601,{"SEO":303,"_uid":307,"body":308,"excerpt":17,"component":145,"thumbnail":447,"categories":449,"summary_title":17,"newsletter_signup":465,"back_to_top_button":466,"displayAnnouncement":29},{"_uid":304,"title":297,"plugin":14,"og_image":305,"og_title":297,"description":306,"twitter_image":17,"twitter_title":17,"og_description":306,"twitter_description":17},"49db5370-10f8-4ab0-ae8a-a644b09fd570","https://res.cloudinary.com/andfjord/image/upload/t_Facebook-Image/v1779808130/Salmon/Salmon%20in%20pool/Andfjord_Salmon_Postsmolt_June_2026.jpg","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.\n\n","d1df1de0-5d5c-4bbb-b320-8567df695c3d",[309,320,434],{"id":17,"_uid":310,"ctas":311,"text":17,"media":312,"title":297,"useH1":30,"overlay":319,"component":34,"show_down_arrow":30,"content_alignment":35},"8c9027cf-f3a0-40bd-a7e3-1a16a95714e4",[],{"id":17,"alt":17,"name":17,"focus":17,"title":17,"width":313,"height":314,"source":17,"filename":315,"copyright":17,"fieldtype":26,"meta_data":316,"public_id":317,"aspect_ratio":318,"is_external_url":29},4289,2859,"https://res.cloudinary.com/andfjord/image/upload/v1779808130/Salmon/Salmon%20in%20pool/Andfjord_Salmon_Postsmolt_June_2026.jpg",{},"Salmon/Salmon in pool/Andfjord_Salmon_Postsmolt_June_2026",1.5001748863238895,{"value":32,"plugin":33},{"id":17,"_uid":321,"theme":38,"content":322,"component":134,"vertical_padding":433},"c348745c-5bd1-4a72-a157-91e2caba51e2",{"type":40,"content":323},[324,331,338,343,345,355,357,362,367,372,379,384,389,394,408,421,426,431],{"type":43,"attrs":325,"content":326},{"textAlign":66},[327],{"text":328,"type":47,"marks":329},"26 June 2026",[330],{"type":52},{"type":43,"attrs":332,"content":333},{"textAlign":66},[334],{"text":335,"type":47,"marks":336},"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.  ",[337],{"type":52},{"type":43,"attrs":339,"content":340},{"textAlign":66},[341],{"text":342,"type":47},"“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. ",{"type":43,"attrs":344},{"textAlign":66},{"type":346,"attrs":347},"blok",{"id":348,"body":349},"65ac5b95-3ea9-4281-8c47-4d5c04179f0a",[350],{"_uid":351,"image":352,"component":354},"i-12639717-d5ba-4095-87ec-a52d4d63edd6",{"id":17,"alt":17,"name":17,"focus":17,"title":17,"width":313,"height":314,"source":17,"filename":315,"copyright":17,"fieldtype":26,"meta_data":353,"public_id":317,"aspect_ratio":318,"is_external_url":29},{},"Image",{"type":43,"attrs":356},{"textAlign":66},{"type":43,"attrs":358,"content":359},{"textAlign":66},[360],{"text":361,"type":47},"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. ",{"type":43,"attrs":363,"content":364},{"textAlign":66},[365],{"text":366,"type":47},"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. ",{"type":43,"attrs":368,"content":369},{"textAlign":66},[370],{"text":371,"type":47},"“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. ",{"type":373,"attrs":374,"content":376},"heading",{"level":375,"textAlign":66},2,[377],{"text":378,"type":47},"OPERATIONAL STATUS UPDATE",{"type":43,"attrs":380,"content":381},{"textAlign":66},[382],{"text":383,"type":47},"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. ",{"type":43,"attrs":385,"content":386},{"textAlign":66},[387],{"text":388,"type":47},"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. ",{"type":373,"attrs":390,"content":391},{"level":375,"textAlign":66},[392],{"text":393,"type":47},"CONTACTS",{"type":43,"attrs":395,"content":396},{"textAlign":66},[397,399,406],{"text":398,"type":47},"Bjarne Martinsen, CFO, Andfjord Salmon Group AS, +47 975 08 345, ",{"text":400,"type":47,"marks":401},"bjarne.martinsen@andfjord.no ",[402],{"type":63,"attrs":403},{"href":404,"uuid":66,"anchor":66,"target":405,"linktype":67},"https://bjarne.martinsen@andfjord.no ","_self",{"text":407,"type":47},"  ",{"type":43,"attrs":409,"content":410},{"textAlign":66},[411,413,419],{"text":412,"type":47},"Martin Rasmussen, CEO, Andfjord Salmon Group AS, +47 975 08 665, ",{"text":414,"type":47,"marks":415},"martin@andfjord.no",[416],{"type":63,"attrs":417},{"href":414,"uuid":66,"anchor":66,"target":405,"linktype":418},"email",{"text":420,"type":47}," ",{"type":373,"attrs":422,"content":423},{"level":375,"textAlign":66},[424],{"text":425,"type":47},"ABOUT ANDFJORD SALMON",{"type":43,"attrs":427,"content":428},{"textAlign":66},[429],{"text":430,"type":47},"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",{"type":43,"attrs":432},{"textAlign":66},"py-6 md:py-20",{"id":17,"_uid":435,"name":17,"text":436,"items":439,"theme":17,"layout":440,"ctaLink":17,"ctaText":17,"heading":441,"category":142,"overline":17,"pageType":442,"component":443,"ctaPosition":444,"useCategory":30,"featuredItem":445,"numberOfStories":446},"f5f4eee5-4eca-48a6-a6c5-4918b80c0c25",{"type":40,"content":437},[438],{"type":43},[],"grid","Latest 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To Top Button (Dark Theme)","2023-07-26T15:15:38.235Z","2023-07-26T16:36:37.873Z","2023-07-26T16:36:37.900Z",346099736,"8a252fa8-76cd-4c97-a6a1-82c3c53978a2",{"_uid":474,"icon":475,"label":477,"theme":38,"component":478},"12f95415-8075-419f-9ac8-ad7177f7548a",{"id":66,"alt":66,"name":17,"focus":66,"title":66,"source":66,"filename":17,"copyright":66,"fieldtype":26,"meta_data":476},{},"Back to 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release","2026-06-01T16:24:49.225Z","2026-06-02T17:52:12.423Z","2026-06-02T17:52:12.438Z",182851539939625,"202038a7-f26d-406f-a4ad-a75d68071415",{"SEO":500,"_uid":504,"body":505,"excerpt":17,"component":145,"thumbnail":617,"categories":619,"summary_title":17,"newsletter_signup":17,"back_to_top_button":17,"displayAnnouncement":29},{"_uid":501,"title":493,"plugin":14,"og_image":502,"og_title":493,"description":503,"twitter_image":17,"twitter_title":17,"og_description":503,"twitter_description":17},"4b255e59-1e82-49f0-b73e-7da013bc3848","https://res.cloudinary.com/andfjord/image/upload/t_Facebook-Image/v1780388075/Salmon/Smolt-in-pool/Andfjord_Salmon_K3_Smolt_Release.png","Andfjord Salmon Group AS (Andfjord Salmon) is pleased to announce the successful release of approximately 550,000 smolt into pool K3, thereby further ramping up fish farming operations at Kvalnes, Andøya.","2d1532e5-bd59-4d1f-a38b-da3732445560",[506,518,610],{"id":17,"_uid":507,"ctas":508,"text":17,"media":509,"title":493,"useH1":30,"overlay":516,"component":34,"show_down_arrow":30,"content_alignment":35},"1a1c0442-26ae-4a8d-b33a-2d357cb0d5bb",[],{"id":17,"alt":17,"name":17,"focus":17,"title":17,"width":510,"height":511,"source":17,"filename":512,"copyright":17,"fieldtype":26,"meta_data":513,"public_id":514,"aspect_ratio":515,"is_external_url":29},5527,3564,"https://res.cloudinary.com/andfjord/image/upload/v1780388075/Salmon/Smolt-in-pool/Andfjord_Salmon_K3_Smolt_Release.png",{},"Salmon/Smolt-in-pool/Andfjord_Salmon_K3_Smolt_Release",1.5507856341189674,{"value":517,"plugin":33},25,{"id":17,"_uid":519,"theme":38,"content":520,"component":134,"vertical_padding":433},"4bd081e4-6a85-421c-adfd-853479c3fd06",{"type":40,"content":521},[522,527,533,538,543,548,553,558,562,570,582,589,599,603,608],{"type":43,"attrs":523,"content":524},{"textAlign":66},[525],{"text":526,"type":47},"2 June 2026",{"type":43,"attrs":528,"content":529},{"textAlign":66},[530],{"text":503,"type":47,"marks":531},[532],{"type":52},{"type":43,"attrs":534,"content":535},{"textAlign":66},[536],{"text":537,"type":47},"At an average weight of around 110 grams per smolt, the fish were smoothly transferred from a wellboat into pool K3.",{"type":43,"attrs":539,"content":540},{"textAlign":66},[541],{"text":542,"type":47},"“We have established a very gentle fish transfer process that once again incurred very few mortalities. The smolt’s immediate pool adaptation looks good too,” says Martin Rasmussen, CEO of Andfjord Salmon.",{"type":43,"attrs":544,"content":545},{"textAlign":66},[546],{"text":547,"type":47},"The 550,000 smolt are expected to be utilized for post-smolt production on behalf of Eidsfjord Sjøfarm, as part of a strategic cooperation agreement with the fish farmer.",{"type":43,"attrs":549,"content":550},{"textAlign":66},[551],{"text":552,"type":47},"Pool K3 is the third pool in operation at Kvalnes, following last year’s smolt releases in pools K0 and K1.",{"type":43,"attrs":554,"content":555},{"textAlign":66},[556],{"text":557,"type":47},"“Initiating production in pool K3 is another building block towards our objective of large-scale fish farming at Kvalnes. Our aim is to replicate the strong biological conditions that we have demonstrated in the other pools we have in operation,” adds Martin Rasmussen.",{"type":373,"attrs":559,"content":560},{"level":375,"textAlign":66},[561],{"text":393,"type":47},{"type":373,"attrs":563,"content":565},{"level":564,"textAlign":66},3,[566],{"text":567,"type":47,"marks":568},"Investors:",[569],{"type":52},{"type":43,"attrs":571,"content":572},{"textAlign":66},[573,575,581],{"text":574,"type":47},"Bjarne Martinsen, CFO, Andfjord Salmon Group AS, +47 975 08 345,   ",{"text":576,"type":47,"marks":577},"bjarne.martinsen@andfjord.no",[578],{"type":63,"attrs":579},{"href":580,"uuid":66,"anchor":66,"target":66,"linktype":67},"mailto:bjarne.martinsen@andfjord.no",{"text":407,"type":47},{"type":373,"attrs":583,"content":584},{"level":564,"textAlign":66},[585],{"text":586,"type":47,"marks":587},"Media: ",[588],{"type":52},{"type":43,"attrs":590,"content":591},{"textAlign":66},[592,594],{"text":593,"type":47},"Martin Rasmussen, CEO, Andfjord Salmon Group AS, +47 975 08 665,  ",{"text":595,"type":47,"marks":596},"martin@andfjord.no ",[597],{"type":63,"attrs":598},{"href":414,"uuid":66,"anchor":66,"target":405,"linktype":418},{"type":373,"attrs":600,"content":601},{"level":375,"textAlign":66},[602],{"text":425,"type":47},{"type":43,"attrs":604,"content":605},{"textAlign":66},[606],{"text":607,"type":47},"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. ",{"type":43,"attrs":609},{"textAlign":66},{"id":17,"_uid":611,"name":17,"text":612,"items":615,"theme":17,"layout":440,"ctaLink":17,"ctaText":17,"heading":441,"category":142,"overline":17,"pageType":442,"component":443,"ctaPosition":444,"useCategory":30,"featuredItem":616,"numberOfStories":446},"7e1509a2-2254-40d6-aff4-f18ef49b0438",{"type":40,"content":613},[614],{"type":43},[],[],{"id":17,"alt":17,"name":17,"focus":17,"title":17,"width":510,"height":511,"source":17,"filename":502,"copyright":17,"fieldtype":26,"meta_data":618,"public_id":514,"aspect_ratio":515,"is_external_url":29},{},[620,624],{"name":172,"created_at":451,"published_at":452,"updated_at":453,"id":454,"uuid":142,"content":621,"slug":456,"full_slug":457,"sort_by_date":66,"position":160,"tag_list":622,"is_startpage":29,"parent_id":162,"meta_data":66,"group_id":459,"first_published_at":164,"release_id":66,"lang":165,"path":66,"alternates":623,"default_full_slug":66,"translated_slugs":66,"_stopResolving":30},{"_uid":156,"name":172,"component":157},[],[],{"name":149,"created_at":150,"published_at":151,"updated_at":152,"id":153,"uuid":154,"content":625,"slug":158,"full_slug":159,"sort_by_date":66,"position":160,"tag_list":626,"is_startpage":29,"parent_id":162,"meta_data":66,"group_id":163,"first_published_at":164,"release_id":66,"lang":165,"path":66,"alternates":627,"default_full_slug":66,"translated_slugs":66,"_stopResolving":30},{"_uid":156,"name":149,"component":157},[],[],"successful-smolt-release-june-2026","en/website/news/successful-smolt-release-june-2026","2026-06-02",-3430,[149,172],"33379aee-c089-4232-8c9c-82977b6a68f9","2026-06-02T00:00:00.000Z",[],{"name":637,"created_at":638,"published_at":639,"updated_at":640,"id":641,"uuid":642,"content":643,"slug":979,"full_slug":980,"sort_by_date":981,"position":982,"tag_list":983,"is_startpage":29,"parent_id":173,"meta_data":66,"group_id":984,"first_published_at":985,"release_id":66,"lang":165,"path":66,"alternates":986,"default_full_slug":66,"translated_slugs":66},"Strong biological performance | First post-smolt sale imminent | New smolt release | Q1 2026 financial results ","2026-05-27T18:15:07.661Z","2026-05-28T12:14:40.193Z","2026-05-28T12:14:40.215Z",181109177068399,"38d63303-d477-45fd-a50c-076dc0feb1e0",{"SEO":644,"_uid":650,"body":651,"excerpt":17,"component":145,"thumbnail":968,"categories":970,"summary_title":646,"newsletter_signup":17,"back_to_top_button":17,"displayAnnouncement":29},{"_uid":645,"title":646,"plugin":14,"og_image":647,"og_title":646,"description":648,"twitter_image":17,"twitter_title":17,"og_description":649,"twitter_description":17},"bbc3076f-f625-4441-bbfb-87627cd0a27c","Strong biological performance | First post-smolt sale imminent | New smolt release | Q1 2026 financial results","https://res.cloudinary.com/andfjord/image/upload/t_Facebook-Image/v1779807655/Salmon/Salmon%20in%20pool/Andfjord_Salmon_Land-based_Farming_Pool_K1.jpg","Andfjord Salmon today reports continued strong biological performance and operational metrics across its two operational pools – K0 and K1 – at Kvalnes, Andøya. The company today also announces that smolt release in pool K3 is in process, and that the first sale of post-smolt from pool K1 will take place in mid-June.\n\n","Andfjord Salmon today reports continued strong biological performance and operational metrics across its two operational pools – K0 and K1 – at Kvalnes, Andøya. The company today also announces that smolt release in pool K3 is in process, and that the first sale of post-smolt from pool K1 will take place in mid-June.\n","734e9a57-b2d6-4ef2-b78a-aebf526d3119",[652,663,961],{"id":17,"_uid":653,"ctas":654,"text":17,"media":655,"title":637,"useH1":30,"overlay":662,"component":34,"show_down_arrow":30,"content_alignment":35},"e6fdb17d-54c1-43ca-9831-cffbc5cb1277",[],{"id":17,"alt":17,"name":17,"focus":17,"title":17,"width":656,"height":657,"source":17,"filename":658,"copyright":17,"fieldtype":26,"meta_data":659,"public_id":660,"aspect_ratio":661,"is_external_url":29},7588,5059,"https://res.cloudinary.com/andfjord/image/upload/v1779807655/Salmon/Salmon%20in%20pool/Andfjord_Salmon_Land-based_Farming_Pool_K1.jpg",{},"Salmon/Salmon in pool/Andfjord_Salmon_Land-based_Farming_Pool_K1",1.499901166238387,{"value":517,"plugin":33},{"id":17,"_uid":664,"theme":38,"content":665,"component":134,"vertical_padding":433},"63468a6e-ad6b-48bf-8bf8-e76ca10fa407",{"type":40,"content":666},[667,674,681,683,695,697,708,710,721,728,733,742,774,779,809,814,819,824,829,834,839,844,849,854,859,864,869,874,879,884,896,901,906,917,922,928,937,943,951,955,959],{"type":43,"attrs":668,"content":669},{"textAlign":66},[670],{"text":671,"type":47,"marks":672},"28 May 2026",[673],{"type":52},{"type":43,"attrs":675,"content":676},{"textAlign":66},[677],{"text":678,"type":47,"marks":679},"Andfjord Salmon Group AS (\"Andfjord Salmon\" or \"the company\") today reports continued strong biological performance and operational metrics across its two operational pools – K0 and K1 – at Kvalnes, Andøya. The company today also announces that smolt release in pool K3 is in process, and that the first sale of post-smolt from pool K1 will take place in mid-June.  ",[680],{"type":52},{"type":43,"attrs":682},{"textAlign":66},{"type":346,"attrs":684},{"id":685,"body":686},"92c6fd23-2ea6-4341-94ec-f05884c92874",[687],{"_uid":688,"icon":689,"link":691,"label":693,"component":694},"i-34af60b6-994c-4464-bdc6-63a3058fc46a",{"id":66,"alt":66,"name":17,"focus":66,"title":66,"source":66,"filename":17,"copyright":66,"fieldtype":26,"meta_data":690},{},{"id":17,"url":692,"linktype":67,"fieldtype":140,"cached_url":692},"https://res.cloudinary.com/andfjord/image/upload/v1779917063/Investor/Reports/Q1_2026_Andfjord_Salmon_Quarterly_Report.pdf","Q1 2026 Report","DefaultButton",{"type":43,"attrs":696},{"textAlign":66},{"type":346,"attrs":698},{"id":699,"body":700},"fa5aa90a-eb18-4c74-bba2-39f82eb3a735",[701],{"_uid":702,"icon":703,"link":705,"label":707,"component":694},"i-e8c2de09-8b7c-4b40-8306-1b96fdced4f4",{"id":66,"alt":66,"name":17,"focus":66,"title":66,"source":66,"filename":17,"copyright":66,"fieldtype":26,"meta_data":704},{},{"id":17,"url":706,"linktype":67,"fieldtype":140,"cached_url":706},"https://res.cloudinary.com/andfjord/image/upload/v1779912400/Investor/Reports/Q1_2026_presentation.pdf","Q1 2026 Presentation",{"type":43,"attrs":709},{"textAlign":66},{"type":346,"attrs":711},{"id":712,"body":713},"1fc194cb-ee6c-4a8d-8fbc-c6aa03c2d077",[714],{"_uid":715,"icon":716,"link":718,"label":720,"component":694},"i-d259696c-dc72-4c51-abee-b6356e869d08",{"id":66,"alt":66,"name":17,"focus":66,"title":66,"source":66,"filename":17,"copyright":66,"fieldtype":26,"meta_data":717},{},{"id":17,"url":719,"linktype":67,"fieldtype":140,"cached_url":719},"https://res.cloudinary.com/andfjord/video/upload/v1779970344/Videos/Quarterly%20videos/Andfjord_Salmon_Presentation_Q1_2026.mp4","Q1 2026 Webcast",{"type":43,"attrs":722,"content":723},{"textAlign":66},[724,726],{"type":725},"hard_break",{"text":727,"type":47},"Survival rates in pools K0 and K1 remain above 99%, which is impressive considering that the fish have now spent eight and six-and-a-half months in their respective pools. Total standing biomass currently stands at 1,584 tonnes of live salmon.  ",{"type":43,"attrs":729,"content":730},{"textAlign":66},[731],{"text":732,"type":47},"\"The solid biological conditions are also reflected in the salmon’s weight gain and the resulting biomass growth. We also maintain efficient feed utilization. Overall, we are very satisfied with our fish farming performance, and we look forward to replicating this in more pools going forward,” says Martin Rasmussen, CEO of Andfjord Salmon.  ",{"type":373,"attrs":734,"content":736},{"level":735,"textAlign":66},4,[737,739,740],{"text":738,"type":47},"STATUS POOL K0",{"type":725},{"text":741,"type":47},"(all numbers per 27 May 2026) ",{"type":743,"content":744},"bullet_list",[745,753,760,767],{"type":746,"content":747},"list_item",[748],{"type":43,"attrs":749,"content":750},{"textAlign":66},[751],{"text":752,"type":47},"Survival rate: 99.17% ",{"type":746,"content":754},[755],{"type":43,"attrs":756,"content":757},{"textAlign":66},[758],{"text":759,"type":47},"Average weight: 2,102 grams ",{"type":746,"content":761},[762],{"type":43,"attrs":763,"content":764},{"textAlign":66},[765],{"text":766,"type":47},"Feed conversion ratio (FCR): 1.03 ",{"type":746,"content":768},[769],{"type":43,"attrs":770,"content":771},{"textAlign":66},[772],{"text":773,"type":47},"Standing biomass in pool: 727 tonnes live salmon ",{"type":373,"attrs":775,"content":776},{"level":375,"textAlign":66},[777],{"text":778,"type":47},"STATUS POOL K1 ",{"type":743,"content":780},[781,788,795,802],{"type":746,"content":782},[783],{"type":43,"attrs":784,"content":785},{"textAlign":66},[786],{"text":787,"type":47},"Survival rate: 99.24 % ",{"type":746,"content":789},[790],{"type":43,"attrs":791,"content":792},{"textAlign":66},[793],{"text":794,"type":47},"Average weight: 1,150 grams ",{"type":746,"content":796},[797],{"type":43,"attrs":798,"content":799},{"textAlign":66},[800],{"text":801,"type":47},"FCR: 0.93 ",{"type":746,"content":803},[804],{"type":43,"attrs":805,"content":806},{"textAlign":66},[807],{"text":808,"type":47},"Standing biomass in pool: 857 tonnes live salmon ",{"type":373,"attrs":810,"content":811},{"level":375,"textAlign":66},[812],{"text":813,"type":47},"INAUGURAL POST-SMOLT SALE ",{"type":43,"attrs":815,"content":816},{"textAlign":66},[817],{"text":818,"type":47},"On 20 April, Andfjord Salmon announced that it had entered into a strategic post-smolt partnership with Eidsfjord Sjøfarm. The first sale of post-smolt under this partnership has now been agreed for mid-June – ahead of schedule, driven by stronger-than-expected growth in pool K1. Approximately 450,000 post-smolt will be sold from pool K1 at Kvalnes to Eidsfjord Sjøfarm. Around 300,000 fish will be retained in K1 for grow-out purposes.  ",{"type":43,"attrs":820,"content":821},{"textAlign":66},[822],{"text":823,"type":47},"“Our inaugural post-smolt sale is an important milestone as it demonstrates how our infrastructure solutions enable scaling and optimization of pool capacity and production, which shortens our runway to revenue and improves our cash flow. We look forward to proving this in practice in mid-June,” adds Martin Rasmussen.  ",{"type":43,"attrs":825,"content":826},{"textAlign":66},[827],{"text":828,"type":47},"The partnership with Eidsfjord Sjøfarm also secures Andfjord Salmon smolt sourcing and a processing agreement with Holmøy Havbruk.  ",{"type":373,"attrs":830,"content":831},{"level":375,"textAlign":66},[832],{"text":833,"type":47},"SMOLT RELEASE POOL K3 ",{"type":43,"attrs":835,"content":836},{"textAlign":66},[837],{"text":838,"type":47},"Following successful testing of pool K3’s flow through system and pool infrastructure throughout April and May, approximately 550,000 smolt are being released into pool K3, which becomes the third pool in operation at Kvalnes. Average weight per smolt is around 120 grams. The smolt were purchased from Eidsfjord Sjøfarm as part of the cooperation between the parties. All 550,000 smolt are expected to be used for post-smolt production.  ",{"type":43,"attrs":840,"content":841},{"textAlign":66},[842],{"text":843,"type":47},"“The initiation of fish farming operations in pool K3 represents further scale-up of operations at Kvalnes, with more pools to follow later this year,” says Martin Rasmussen.  ",{"type":373,"attrs":845,"content":846},{"level":375,"textAlign":66},[847],{"text":848,"type":47},"FIXED-PRICE CONTRACT FOR POOLS K5 AND K7 ",{"type":43,"attrs":850,"content":851},{"textAlign":66},[852],{"text":853,"type":47},"Andfjord Salmon has entered into fixed-price contracts with Entreprenør Harald Nilsen AS for the construction of pools K5 and K7 at Kvalnes. Entreprenør Harald Nilsen AS is the same contractor currently completing pools K2 and K4, where the company is highly satisfied with the quality and progress of the work delivered to date. Securing the next two pools on a fixed-price basis provides cost certainty for the continued build-out at Kvalnes. ",{"type":373,"attrs":855,"content":856},{"level":375,"textAlign":66},[857],{"text":858,"type":47},"Q1 2026 RESULTS  ",{"type":43,"attrs":860,"content":861},{"textAlign":66},[862],{"text":863,"type":47},"Andfjord Salmon is currently in the middle of production cycles ahead of its first post-smolt sale planned for mid-June. Total operating income in Q1 2026 was therefore limited to NOK 0.1 million (Q1 2025: NOK 0 million). The company reported a net loss of NOK 23.9 million in the first quarter (Q1 2025: net loss of NOK 18 million).  ",{"type":43,"attrs":865,"content":866},{"textAlign":66},[867],{"text":868,"type":47},"Andfjord Salmon has further strengthened its bank financing during the quarter. The total facility has been increased by NOK 200 million to NOK 1.5 billion, of which NOK 600 million is currently undrawn. The interest terms are highly competitive and represent a material improvement compared to the previous facility, providing Andfjord Salmon with a solid funding platform for the ongoing build-out at Kvalnes. 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