Andfjord Salmon: Strong biological performance at Kvalnes
Andfjord Salmon Group AS (Andfjord Salmon) today reports survival rates, growth and ramp-up of biomass at its land-based aquaculture facility at Kvalnes, Andøya, Norway.
The early release of detailed operational KPIs is conducted today as the Q3 status update presentation, originally planned for Thursday this week, has been pushed backwards in time due to calendar scheduling issues for the company’s executive management.
STATUS POOL K0
On 30 September, around 350,000 smolt, with an average weight of around 180 grams, were released into pool K0. Pool conditions in K0 have remained solid since smolt release. As of November 24th:
Survival rate: 99.89%, equivalent to only 397 mortalities in eight weeks.
Average weight: 508 grams, equivalent to a growth of 182 % since smolt release.
Feed conversion ratio (FCR): 0.85 kilos of feed to produce one kilo of salmon.
Escapes: Zero.
Standing biomass in pool: 177 tonnes live salmon.
STATUS POOL K1
Approximately 750,000 smolt, at an average weight of around 160 grams, were released in pool K1 on 10-12 November. Pool conditions are excellent in this pool too:
Survival rate: 99.91%, which means 653 mortalities.
Average weight: 174 grams, which corresponds to growth of 8.75 % since smolt release.
FCR: Too early to provide exact numbers.
Escapes: Zero.
Standing biomass in pool: 129 tonnes live salmon.
TOTAL FIGURES
Aggregate survival rate for both pools stands at 99.90 %. Total standing biomass at Kvalnes is currently 306 tonnes of live salmon.
“We have completed two successful smolt releases. This has been followed by smooth acclimatization to the new flow-through seawater environment, which has led to feed intake from day one in the pool. The results are survival rates that are higher than forecasted and growth above expectations. We are happy with the pool conditions and proud of the strong biological results we have delivered so far,” says Martin Rasmussen, CEO of Andfjord Salmon.
KVALNES BUILD-OUT
Construction of the next pool – K3 – has almost been completed.
Andfjord Salmon has already completed site infrastructure, including large capacity waterways, that support future production of approximately 48,000 tonnes (HOG + post-smolt) at Kvalnes.
NEW DATE FOR Q3 PRESENTATION
Andfjord Salmon will provide another detailed operational update, and present the company's third quarter 2025 financial results, on 16 December 2025. The reason for the change is recently arisen travel requirements that have caused calendar scheduling issues for the company’s executive management.
Contacts
Investors: Bjarne Martinsen, CFO
Andfjord Salmon Group AS
Tel:
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. For more information, see www.andfjordsalmon.com.
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