Salmon Evolution ASA
Score · fiscal year 2025
45of 100
How to read this: the company is ahead of 39 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 254 of 413 · What are Morning company classes?
Place in the whole sector: 1,363 of 2,212 · Sjømat
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 16 and solidity 95 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Salmon Evolution ASA is 5 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 50 among 413 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin −128.4% (median 11.8%) and equity ratio 87.7% (median 30.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 34 MNOK | 22 MNOK |
| Operating margin | −128.4% | 11.8% |
| Profit margin | 213.4% | 5.4% |
| Return on assets | 3.3% | 6.8% |
| Equity ratio | 87.7% | 30.9% |
| Debt-to-equity | 0.14 | 1.91 |
| Current ratio | 1.33 | 1.62 |
| Revenue growth | 3.1% | 13.3% |
| Revenue per employee | 1.07 MNOK | 2.20 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 45, Salmon Evolution ASA does better than 39% of companies in the Morning class Small in the same sector (413 companies) in 2025.
Score 2023–2025
- Salmon Evolution ASA
- Median: companies in the Morning class Small in the same sector
Salmon Evolution ASA has a score of 45 for 2025, rank 1,363 of 2,212 in the sector.
Strongest: Solidity: percentile 95 against peers, equity ratio 87.7% against a median of 30.9%.
Weakest: Profitability: percentile 16 against peers, operating margin −128.4% against a median of 11.8%. Growth: percentile 31 against peers, revenue growth 3.1% against a median of 13.3%.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −128.4% (median 11.8%).
- What lies behind weak profitability, and will it last?
- What lies behind weak growth, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Salmon Evolution ASA had an operating margin of −128.4% and an equity ratio of 87.7% in 2025, and ranks 1,363 of 2,212 in Sjømat.
From 2024 to 2025: the operating margin rose from −133.7% to −128.4% and the equity ratio fell from 93.1% to 87.7%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 576 MNOK and 2,646 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 576 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 2,646 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −128.4% (median 11.8%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 7.4% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
- watch Extreme margin: check the figures
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of −0.5%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 16 | weight 30% |
|---|---|---|
| Solidity | 95 | weight 25% |
| Liquidity | 37 | weight 15% |
| Growth | 31 | weight 15% |
| Consistency | 37 | weight 15% |
Durability: 53 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Salmon Evolution ASA?
The operating margin was −128.4% in 2025, against a median of 11.8% among companies in the Morning class Small in the same sector. Return on assets was 3.3%.
How solid is Salmon Evolution ASA?
The equity ratio was 87.7% in 2025 (median 30.9%). Debt-to-equity was 0.14 (median 1.91).
What is the liquidity of Salmon Evolution ASA like?
The current ratio was 1.33 in 2025 (median 1.62).
How does Salmon Evolution ASA compare in Sjømat?
Salmon Evolution ASA ranks 1,363 of 2,212 in Sjømat for 2025. Among companies in the Morning class Small it is number 254 of 413. Revenue changed by 3.1% from the year before.
Group accounts · 2025
22 of 100
Rank 79 of 87 groups in the Morning class Medium in Sjømat. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 326 MNOK
- Operating profit, group
- −143 MNOK
- Profit before tax, group
- −172 MNOK
- Total assets, group
- 4,216 MNOK
- Equity, group
- 2,063 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | −43.9% | −128.4% |
| Return on assets | −3.2% | 3.3% |
| Equity ratio | 48.9% | 87.7% |
| Current ratio | 0.84 | 1.33 |
| Revenue growth | −30.9% | 3.1% |
Group index in earlier years: 2023: 42 (71 of 115), 2024: 53 (38 of 87).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 925344877
- Legal form
- ASA · part of a group
- Sector
- Sjømat (03.211)
- Morning company class
- Small
- Employees
- 32 registered 10 October 2026
- Founded
- 3 July 2020 6 years in operation
- Share capital
- 27.70 MNOK
- Business address
- Torget 5, 6440 ELNESVÅGEN (HUSTADVIKA)
- Municipality
- Hustadvika rank 13–22 of 38 in KOSTRA group 7
- Latest accounts filed
- 2025
- LEI
- 549300P2OB7L255PF765 renews 27 July 2027
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 53 | 61 | 45 | |
| Rank | 907 | 585 | 1,363 | |
| Operating margin | −211.0% | −133.7% | −128.4% | |
| Return on assets | 0.6% | 3.0% | 3.3% | |
| Equity ratio | 93.9% | 93.1% | 87.7% | |
| Current ratio | 4.52 | 3.53 | 1.33 | |
| Revenue growth | – | 13.2% | 3.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 29.4 MNOK | 33.2 MNOK | 34.3 MNOK |
| Operating profit | −62.0 MNOK | −44.5 MNOK | −44.0 MNOK |
| Profit before tax | 3.4 MNOK | 71.4 MNOK | 73.1 MNOK |
| Net profit | 4.1 MNOK | 71.4 MNOK | 57.6 MNOK |
| Financial expenses | 11.5 MNOK | 12.1 MNOK | 27.5 MNOK |
| Total assets | 2,305.4 MNOK | 2,776.5 MNOK | 3,015.3 MNOK |
| Current assets | 497.9 MNOK | 572.7 MNOK | 452.3 MNOK |
| Equity | 2,164.5 MNOK | 2,586.1 MNOK | 2,645.5 MNOK |
| Retained earnings | 30.3 MNOK | 101.8 MNOK | 159.4 MNOK |
| Total liabilities | 141.0 MNOK | 190.4 MNOK | 369.8 MNOK |
| Current liabilities | 110.2 MNOK | 162.1 MNOK | 340.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7103527.
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