Salmon crosses important weight thresholds

13 May 2026

Andfjord Salmon Group AS (Andfjord Salmon) is pleased to announce that the average weight of the salmon in its two operational pools at Kvalnes, Andøya, has reached two kilograms and one kilogram, respectively.

The salmon in pool K0 reached the two-kilogram milestone yesterday, approximately seven months after smolt release. Around 350,000 smolt were released in pool K0 last autumn.

“Reaching an average weight of two kilograms per salmon in just over seven months exceeds our expectations. Combined with a current survival rate above 99 percent, the fish seem to enjoy a stable environment in our flow-through system,” says Martin Rasmussen, CEO of Andfjord Salmon.

Additionally, the fish in pool K1 crossed the one-kilogram threshold last week. Approximately 750,000 smolt were released in this pool in November last year. Part of this volume will be sold as post-smolt to Eidsfjord Sjøfarm. This pool also maintains a survival rate above 99 percent.

“Reaching an average weight of one kilogram is an important milestone as it makes the fish attractive for post-smolt purposes. We can now supply a very robust fish for use in conventional farmers’ ocean net pens, while they can increase their yearly volumes by shortening time at sea,” adds Martin Rasmussen.

On 20 April this year, Andfjord Salmon announced that it had entered into a strategic post-smolt partnership with Eidsfjord Sjøfarm. The partnership includes deliveries of one million post-smolt already in 2026. It also secures Andfjord Salmon smolt sourcing and a processing agreement with Holmøy Havbruk that secures harvest capacity when required.

CONTACTS

Investors:

Bjarne Martinsen, CFO, Andfjord Salmon Group AS, +47 975 08 345, bjarne.martinsen@andfjord.no

Media:

Martin Rasmussen, CEO, Andfjord Salmon Group AS, +47 975 08 665, martin@andfjord.no

ABOUT ANDFJORD SALMON

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.