SalMar ASA (OSL:SALM)
Norway flag Norway · Delayed Price · Currency is NOK
587.50
+2.00 (0.34%)
Nov 13, 2026, 4:27 PM CET

SalMar ASA Financials Overview

Millions NOK. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
30,83827,34326,31827,89119,98514,963
Revenue Growth
14.52%3.90%-5.64%39.56%33.56%16.01%
Gross Profit
15,31412,21512,68416,74910,8108,234
Operating Income
5,7133,4085,0809,5024,9083,685
Net Income
3,2791,1052,9693,2033,3122,617
Earnings Per Share
24.088.2422.4924.3327.6022.57
EPS Growth
179.36%-63.36%-7.56%-11.85%22.29%29.04%

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Fish Farming Central Norway Operating
12,42510,04211,32312,4198,8726,542
Fish Farming Northern Norway Operating
9,8328,4186,4957,8944,8833,343
Sales & Industry Operating
30,38326,91325,66127,09419,14114,406
Icelandic Salmon Operating
1,5221,0541,1821,8711,595918.85
SalMar Ocean Operating
-50957317332.46-
Eliminations from Operating
-23,604-19,543-18,808-21,233-14,366-10,166
Revenue (Total)
30,94927,39426,42628,21920,15815,044

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
5817655187852,713926.68
Total Debt
21,00123,44019,11015,75123,2176,445
Net Cash (Debt)
-20,420-22,675-18,592-14,966-20,505-5,518
Net Cash Growth
------
Net Cash Per Share
-149.98-168.99-140.81-113.69-170.90-47.60

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
8,3753,2605,3819,2944,5922,908
Capital Expenditures
-1,156-1,825-1,790-2,269-2,265-2,126
Free Cash Flow
7,2191,4353,5917,0252,327782.16
Free Cash Flow Growth
326.40%-60.04%-48.88%201.91%197.49%-46.03%

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
49.66%44.67%48.20%60.05%54.09%55.03%
Operating Margin
18.53%12.46%19.30%34.07%24.56%24.63%
Pretax Margin
14.42%6.19%15.96%26.10%22.83%22.63%
Profit Margin
10.63%4.04%11.28%11.48%16.57%17.49%
FCF Margin
23.41%5.25%13.64%25.19%11.64%5.23%

Dividends

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '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
1.70%1.62%4.07%6.85%4.71%3.29%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
24.4075.5423.9921.0316.8527.32
Forward PE
17.0114.9114.8415.8516.4520.56
P/FCF Ratio
11.0258.1719.849.5923.9991.39
PS Ratio
2.583.052.712.422.794.78