Andfjord Salmon: Seamless smolt release into pool K1

12 Nov 2025 07:30 CET

12.11.2025 07:30:00 CET | Andfjord Salmon | Non-regulatory press releases

Andfjord Salmon Group AS (Andfjord Salmon) is pleased to announce the successful
release of approximately 750,000 smolt in the recently completed pool K1 at
Kvalnes, Andøya. Biological conditions in pool K0 remain excellent.

The around 750,000 smolt, at an average weight of around 160 grams, have been
gently transferred from a live fish carrier to pool K1 during the last couple of
days. The fish have swiftly acclimated to their new seawater flow-through
environment.

Pool K1 is the first new pool of the ongoing build-out phase, which will add
three more adjacent pools. The future plan is to eventually have a cluster of 12
pools in total, across two parallel rows, at the land section at Kvalnes that
has already been excavated.

"Initiating fish farming operations in the first new pool of this build-out
phase is an crucial operational and commercial milestone for Andfjord Salmon. It
demonstrates our ability to replicate large-scale flow-through systems and, more
importantly, ramps our fish farming operations considerably," says Martin
Rasmussen, CEO of Andfjord Salmon.

Andfjord Salmon has released approximately 1.1 million smolt this autumn. The
first 350,000 smolt, with an average weight of around 180 grams, were released
in pool K0 on 30 September. So far, only 264 mortalities have been recorded in
pool K0, equivalent to a survival rate of 99.92%.

"Pool conditions in K0 are first-rate, with associated high survival rates and
solid growth. As of today, the average weight of the fish in K0 is 410 grams.
This means that the fish have grown by approximately 128 % since release, which
is ahead of our schedule," adds Martin Rasmussen.

Andfjord Salmon will provide a detailed operational update, and present the
company's third quarter 2025 financial results, on Thursday 27 November 2025.



Photos

To download photos and video from pool K1, click here:
https://collection.cloudinary.com/andfjord/c025a05a33db2ae93ed6ea2a14855e6f

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 first
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 kilo of salmon. For more information, see
www.andfjordsalmon.com - http://www.andfjordsalmon.com.

More information:
Access the news on Oslo Bors NewsWeb site