SalMar ASA (OSL:SALM)
Norway flag Norway · Delayed Price · Currency is NOK
584.00
+6.00 (1.04%)
Oct 23, 2026, 4:27 PM CEST

SalMar ASA Financials Overview

Millions NOK. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
30,04527,34326,31827,89119,98514,963
Revenue Growth
18.87%3.90%-5.64%39.56%33.56%16.01%
Gross Profit
14,09812,21512,68416,74910,8108,234
Operating Income
4,7133,4085,0809,5024,9083,685
Net Income
2,2001,1052,9693,2033,3122,617
Earnings Per Share
16.238.2422.4924.3327.6022.57
EPS Growth
89.34%-63.36%-7.56%-11.85%22.29%29.04%

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Fish Farming Central Norway Operating
12,06910,04211,32312,4198,8726,542
Fish Farming Northern Norway Operating
9,3498,4186,4957,8944,8833,343
Sales & Industry Operating
29,47426,91325,66127,09419,14114,406
Icelandic Salmon Operating
1,3811,0541,1821,8711,595918.85
SalMar Ocean Operating
-50957317332.46-
Eliminations from Operating
-22,521-19,543-18,808-21,233-14,366-10,166
Revenue (Total)
30,13927,39426,42628,21920,15815,044

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
9427655187852,713926.68
Total Debt
21,91623,44019,11015,75123,2176,445
Net Cash (Debt)
-20,974-22,675-18,592-14,966-20,505-5,518
Net Cash Growth
------
Net Cash Per Share
-154.76-168.99-140.81-113.69-170.90-47.60

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
7,6903,2605,3819,2944,5922,908
Capital Expenditures
-1,546-1,825-1,790-2,269-2,265-2,126
Free Cash Flow
6,1441,4353,5917,0252,327782.16
Free Cash Flow Growth
--60.04%-48.88%201.91%197.49%-46.03%

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
46.92%44.67%48.20%60.05%54.09%55.03%
Operating Margin
15.69%12.46%19.30%34.07%24.56%24.63%
Pretax Margin
10.81%6.19%15.96%26.10%22.83%22.63%
Profit Margin
7.32%4.04%11.28%11.48%16.57%17.49%
FCF Margin
20.45%5.25%13.64%25.19%11.64%5.23%

Dividends

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
10.00010.00022.00035.00020.00020.000
Dividend Per Share Growth
-54.55%-54.55%-37.14%75.00%0%0%
Dividend Yield
1.71%1.62%4.07%6.85%4.71%3.29%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
35.9775.5423.9921.0316.8527.32
Forward PE
18.8014.9114.8415.8516.4520.56
P/FCF Ratio
12.9558.1719.849.5923.9991.39
PS Ratio
2.653.052.712.422.794.78