SalMar ASA (OSL:SALM)
Norway flag Norway · Delayed Price · Currency is NOK
530.00
+3.50 (0.66%)
Aug 24, 2026, 4:27 PM CET

SalMar ASA Financials Overview

Millions NOK. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
28,62627,34326,31827,89119,98514,963
Revenue Growth
14.66%3.90%-5.64%39.56%33.56%16.01%
Gross Profit
13,40912,21512,68416,74910,8108,234
Operating Income
4,2933,4085,0809,5024,9083,685
Net Income
2,0291,1052,9693,2033,3122,617
Earnings Per Share
15.048.2422.4924.3327.6022.57
EPS Growth
10.76%-63.36%-7.56%-11.85%22.29%29.04%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Fish Farming Central Norway Operating
11,47710,04211,32312,4198,8726,542
Fish Farming Northern Norway Operating
8,4758,4186,4957,8944,8833,343
Sales & Industry Operating
28,07326,91325,66127,09419,14114,406
Icelandic Salmon Operating
1,2371,0541,1821,8711,595918.85
SalMar Ocean Operating
-50957317332.46-
Eliminations from Operating
-21,011-19,543-18,808-21,233-14,366-10,166
Revenue (Total)
28,70227,39426,42628,21920,15815,044

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
5697655187852,713926.68
Total Debt
22,69623,44019,11015,75123,2176,445
Net Cash (Debt)
-22,127-22,675-18,592-14,966-20,505-5,518
Net Cash Growth
------
Net Cash Per Share
-163.97-168.99-140.81-113.69-170.90-47.60

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
6,8863,2605,3819,2944,5922,908
Capital Expenditures
-1,629-1,825-1,790-2,269-2,265-2,126
Free Cash Flow
5,2571,4353,5917,0252,327782.16
Free Cash Flow Growth
--60.04%-48.88%201.91%197.49%-46.03%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
46.84%44.67%48.20%60.05%54.09%55.03%
Operating Margin
15.00%12.46%19.30%34.07%24.56%24.63%
Pretax Margin
10.03%6.19%15.96%26.10%22.83%22.63%
Profit Margin
7.09%4.04%11.28%11.48%16.57%17.49%
FCF Margin
18.36%5.25%13.64%25.19%11.64%5.23%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '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
1.96%1.65%4.36%6.98%6.16%4.01%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
35.2575.5423.9921.0316.8527.32
Forward PE
18.1914.9114.8415.8516.4520.56
P/FCF Ratio
13.7458.1719.849.5923.9991.39
PS Ratio
2.523.052.712.422.794.78