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Andfjord Salmon: Successful smolt release in pool K2

2026-11-02 08:00:11
2.11.2026 08:00:08 CET | Andfjord Salmon | Non-regulatory press releases

Andfjord Salmon Group AS (Andfjord Salmon) has successfully completed the first
smolt release into pool K2 at its facility at Kvalnes on Andøya.

Approximately 800,000 smolt with an average weight of around 110 grams have been
released into the pool. The fish have adapted quickly and settled well in their
new surroundings.

Pool K2 is Andfjord Salmon's fourth pool in operation, alongside pools K0, K1
and K3, and represents a significant step-up in production capacity at Kvalnes.
With five pools now ready for operation, the company's total production capacity
is 11,000 tonnes.

"We are very pleased to bring a fourth pool into operation, further scaling up
production capacity and volumes at Kvalnes. The biological performance in our
three other operational pools has been solid throughout their respective
production cycles, and we look forward to replicating these healthy conditions
in pool K2," says Martin Rasmussen, CEO of Andfjord Salmon.

Pool K2 will be operated in line with the company's combined post-smolt and
grow-out strategy, following the same operating model applied in pool K1 to
date. A portion of the fish will be sold early as post-smolt, while the
remaining fish will be grown to market size. The grow-out salmon will
subsequently be harvested in several batches at different weight intervals, in
line with Andfjord Salmon's strategy of continuously optimizing biomass density
in the pools.

CONTACTS

* Investors: Bjarne Martinsen, CFO, Andfjord Salmon Group AS, +47 975 08 345,
bjarne.martinsen@andfjord.no
* Media: Martin Rasmussen, CEO, Andfjord Salmon Group AS, +47 975 08 665,
martin@andfjord.no

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 pilot
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 kilogram of salmon. For more information, see
www.andfjordsalmon.com - http://www.andfjordsalmon.com
information\, see \
www.andfjordsalmon.com - http://www.andfjordsalmon.com\