SalMar stock reports record harvest as 2026 guidance rises

SalMar stock stood at NOK 559.50 on the Oslo Stock Exchange on September 24, 2026, down 0.27 percent from the prior close. The salmon farmer reported record second-quarter harvest volume and raised its full-year 2026 volume guidance in its August 25 release.

Record harvest lifts guidance

According to SalMar, group operational EBIT reached NOK 1,237 million in Q2 2026, while harvest volume reached 81,800 tonnes. Operational EBIT per kilogram was NOK 15.1.

The harvest figure was a record for a second quarter, and SalMar lifted 2026 guidance by 20,000 tonnes to 350,000 tonnes. The new target represents 16 percent growth from 2025, giving volume expansion a larger role in the earnings outlook.

Profitability beats the prior year

Q2 operating revenue reached NOK 7,612 million in 2026, compared with NOK 6,175 million in Q2 2025, an increase of 23.3 percent. Net income rose to NOK 367 million from NOK 146 million, while earnings per share increased to NOK 2.71 from NOK 1.50.

The comparison shows why the volume increase matters, even though operating EBIT fell from NOK 1,597 million in Q1 2026 to NOK 1,179 million in the standardized financial statement. The official operational EBIT measure of NOK 1,237 million also remained below the prior quarter's NOK 1,513 million, reflecting weaker price realization and harvest timing.

Analyst target reaches NOK 630

Salmon Business reported on September 4, 2026, that Norne Securities cut SalMar from Buy to Hold while raising its target price from NOK 620 to NOK 630. The broker cited the recovery in salmon shares since July and reduced remaining upside after a 23 percent increase from the start of July.

That target sits above the September 24 price of NOK 559.50, but the rating change underlines the tension between better biological performance and market pricing. For investors, the next test is whether higher volumes convert into sustained operational profit per kilogram.

SalMar stock remains below yearly high

The closing price of NOK 559.50 on the Oslo Stock Exchange on September 24, 2026, was NOK 67.50 below the 52-week high of NOK 627 and NOK 111.50 above the 52-week low of NOK 448. SalMar's market capitalization was NOK 75,833,601,639 on the same date.