Andfjord Salmon: First of three harvest batches completed from pool K0

19.10.2026 07:00:08 CEST | Andfjord Salmon | Non-regulatory press releases

Andfjord Salmon Group AS (Andfjord Salmon) is pleased to report the successful harvest of the first batch of grow-out salmon from the company's current production cycle, which commenced last autumn. The cycle has been defined by solid biological conditions, strong growth and exceptional survival rate. This is the first harvest from the Kvalnes facility since the completion of the pilot cycle.

Andfjord Salmon announced on 1 October 2026 that the fish in pool K0 will be harvested in three batches between October 2026 and the first quarter of 2027, at different weight intervals. A key purpose of the staged harvesting process is to optimize the biomass density in the pool, which enables the remaining salmon to reach higher harvest weights at a faster pace than in a fully stocked pool.

Over the past week, the first batch of around 120,000 salmon has been harvested from pool K0, at an average live weight of 3.6 kilograms per fish, equivalent to a total biomass of around 432 tonnes (live weight). This corresponds to an average weight of 3.1 kilograms HOG (head-on gutted) and biomass of 367 tonnes HOG. The batch achieved a superior share of 93%.

The survival rate in pool K0 was 97.95% at the time of the first harvest.

The remaining salmon in pool K0 will be harvested in two separate batches, most likely in Q4 2026 and Q1 2027, at higher average weights. The remaining standing biomass in pool K0 is currently around 800 tonnes (live weight).

As announced on 1 October 2026, Andfjord Salmon estimates that harvest weights (live weight) from pools K0 and K1 will range from an initial 3.6 kilograms to around 5.6 kilograms for the final harvest. The average harvest weight is estimated at above 4 kg (HOG), in line with the long-term strategy of targeting an average harvest weight of 4.0-4.5 kg.

"We are pleased to have completed the first step in harvesting our first full production cycle since the pilot cycle. The biological conditions have been stable throughout, reflected in a very high survival rate and solid growth. The first batch harvest is in line with our plans, but a final evaluation of the performance in K0 will have to await the harvest figures for the remaining fish in the pool. Nevertheless, this is a very encouraging start to the harvest period," says Martin Rasmussen, CEO of Andfjord Salmon.

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 pilot 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 kilogram of salmon. For more information, see www.andfjordsalmon.com - http://www.andfjordsalmon.com