Nordic Aqua Partners, in a Q4 and FY 2025 update, said it has continued to successfully transfer fish into its Stage 2 grow-out tanks at its Ningbo, China-based salmon recirculating aquaculture system (RAS) facility.
Nordic Aqua Partners completed Stage 1 of its salmon RAS in 2024 and began harvesting salmon in April 2024. The company said it transferred fish into the first grow-out RAS unit of Stage 2 throughout Q4 2025 and plans to continue transferring fish into the units throughout Q1 2026.
“The first harvest from Stage 2 fish, that was laid in as egg in Q3 2024, is expected to be in September 2026,” the company said in its Q4 update.
For the quarter, Nordic Aqua harvested 353 metric tons (MT) of head-on gutted (HOG) salmon, with an average harvest weight of 3.3 kilograms HOG – equivalent to 4 kilograms live weight – at a superior rate of 93 percent. The company added that during the quarter it continued optimization efforts it began in Q3 2025, which it said are intended to optimize the number of fish in the facility to produce larger fish.
“The average harvest weight is expected to gradually increase during 2026,” the company said. “The superior rate was somewhat impacted by the harvest of small fish.”
Biomass production in the quarter reached 1,350 MT, bringing the total biomass at its facility to 3,759 MT.
For FY 2025, the company harvested 2,026 MT of HOG salmon, with an average harvest weight of 3.9 kilograms and a superior rate of 97 percent.
Nordic Aqua Partners secured additional financing for an expansion in September 2025, which came from two unnamed Chinese investors and amounted to a CNY 300 million (USD 42.9 million, EUR 36.6 million) cash infusion in return for a 20 percent stake in the company. Nordic Aqua later revealed the investments came from Ningbo Ocean Development Group Co., Ltd. and Xiangshan Strait Economic & Technological Cooperation Co., Ltd., which are two Chinese state-owned entities.
The company said it completed that co-investment on 15 December, which will be used to refinance existing credit facilities and short-term bridge loans.
“This marks a major strategic milestone for Nordic Aqua,” Nordic Aqua Partners CEO Ragnar Joensen said in a release. “The introduction of two respected Chinese state-owned entities as long-term minority partners strengthens our capital base, reinforces local alignment, supports Chinese national food security objectives, and significantly enhances our ability to scale sustainably. Combined with long-term bank financing, this provides a robust and competitive funding platform to expand production toward 20,000 metric tons”
