SalMar ASA (SALRY) Q3 2025 Earnings Call Prepared Remarks Transcript

**Welcome to SalMar’s Q3 2025 Results Presentation**

*By Frode Arntsen, President & CEO*

Welcome to the presentation of SalMar’s results for the third quarter of 2025. My name is Frode Arntsen, and I am the CEO of SalMar. Joining me today is our CFO, Ulrik Steinvik.

As I have mentioned before, working at SalMar is a commitment—24 hours a day, 360 days a year. When we say that we produce salmon “on the salmon’s terms,” this has never been truer than it was in the third quarter.

Our recent record-high harvest volume and intense activity level have meant that employees across the entire value chain have been working day and night. Their dedication ensures we carry out necessary lice treatments, have our farming sites ready when the whale boat arrives, that our processing plants are set for harvest, and that we’re able to sell and ship our products to all corners of the world.

I want to extend a big thank you to all our employees who have worked tirelessly throughout the quarter. You are the team that makes it possible for us to present financial results today that are more satisfactory than the last quarter, even though salmon prices have been lower. At the same time, you are laying the foundation for us to further increase volumes into 2026 and reduce cost levels going forward.

**Presentation Overview**

Today’s review will follow the same sequence as before. I will take you through some key highlights as well as updates from our different segments. Then our CFO, Ulrik Steinvik, will guide you through the financial update. Finally, I will focus on expected volume for 2026 and introduce our new units for post-smolt production at sea.

Thank you for being here with us as we share our progress and outlook for SalMar.


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