Salmon Evolution plans to harvest 11,000–12,000 tonnes of salmon in 2027, targeting unit cost of NOK 60–65/kg

Norwegian land-based salmon farming company Salmon Evolution announced its 2027 production and cost targets on 11 November 2026: it plans to harvest 11,000–12,000 tonnes of salmon that year and to achieve an EBITDA cost of NOK 60–65 per kilogram by mid-2027. The company also provided a production cost estimate of NOK 60–65 per kilogram before depreciation and net financial expenses.

These targets are based on the continued progress of the Phase 2 expansion at Indre Harøy in Møre og Romsdal county. The company recently completed the delivery of four new farming tanks, bringing the total number of tanks in operation to eight. The project is proceeding as planned: the next two tanks will be put into use later this quarter, and the final two will be operational in the first quarter of 2027.

Preparations for stocking the next batch of salmon smolt for Phase 2 are complete. The company plans to stock approximately 560,000 salmon smolt in the coming weeks, which will bring Indre Harøy's total planned stocking for the full year 2026 to approximately 2.8 million, compared with approximately 1.7 million in 2025.

The company said it remains fully focused on achieving the production targets for Phase 1 and Phase 2 and on reducing unit costs by increasing salmon output.

For reference, the company's previously stated full-year 2026 production target is 5,500–6,000 tonnes.