Icelandic Salmon – Annual Report 2025
Icelandic Salmon AS has today published its integrated Annual Report for 2025, including sustainability reporting and complete annual accounts with notes.
The report is attached below and available on the following website: https://arnarlax.is/investors/
“The year 2025 was a year where Icelandic Salmon faced many challenges, resulting in a disappointing financial result. The main reason for this was an outbreak of Bacterial Kidney Disease (BKD) on the 2023-generation. The increased mortality led to earlier harvesting for fish welfare reasons, resulting in a lower average harvest weight. The accelerated harvest, combined with historically low market prices during the same period, had a significant negative impact on the Group’s financial results.” said Bjørn Hembre, CEO of Icelandic Salmon.
In Bjørn’s letter, included in the report, he highlights that there are many positive signs looking ahead, where improved biology, all time high biomass in sea going into year 2026 and reduced cost level are key elements. The volume guidance for 2026 is 21,300 tonnes, which will be an increase of 67 per cent from year 2025. So, it looks in many ways that 2026 will be a year for recovery.
For further information, please contact:
CEO Bjørn Hembre
Tel: +354 620 1936
Email: bjorn@arnarlax.is
Interim CFO Edvin Aspli
Tel: +354 835 7800
Email: edvinaspli@arnarlax.is
Icelandic Salmon is dual-listed on the stock exchange market, both at the Euronext Growth in Oslo and NASDAQ First North in Reykjavík. The Group is the 100% owner of Arnarlax ehf, a farming company in Iceland with head office in Bíldudalur. The Group is fully integrated, from egg to fish delivered to customers in the market, with control over all parts of the value chain.
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