SalMar ASA (SALRY) Q4 2025 Earnings Call Prepared Remarks Transcript

SA Transcripts158.42K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call SalMar ASA (SALRY) Q4 2025 Earnings Call February 9, 2026 7:00 PM EST Company Participants Frode Arntsen - President & CEOUlrik Steinvik - Chief Financial Officer Presentation Frode ArntsenPresident & CEO Good morning, everyone, and welcome to the presentation of SalMar's results for the fourth quarter of 2025. My name is Frode Arntsen, and I am the CEO of SalMar. And with me today, we have our CFO, Ulrik Steinvik. At SalMar, it always comes down to produce salmon on the salmon terms. 2025 has been a financially weak year for SalMar, but operationally and biologically, it has been a strong year, where we have managed to turn several parameters in a positive direction. That is why it is good to present the numbers today, showing that several indicators are now pointing the right way biologically, cost-wise and in terms of financial performance. The engagement, effort and passion our employees have shown in 2025 make me really proud. We have had 1 to 1.5 year with many demanding situations, but our people always step up to ensure that SalMar succeeds. Around the clock, our employees work to ensure that our captain in the value chain, namely the salmon, has the optimal conditions to thrive. This is now reflected in several key indicators. We have record high biomass at sea with lower cost levels. We harvest fish at the end of Q4 and in January with superior grades, we haven't seen in 10 years. Mortality continues to fall, and our greenhouse gas emissions are significantly decreasing. All these indicators show that the work being done is strong and is steering our ship in the right direction. Our focus is always forward. We must always do better today than we did yesterday. That requires continuing and reinforcing the work SalMar has done since