Land-based salmon-farming company Salmon Evolution has begun to sell post-smolt to salmon-farming companies to utilize its overcapacity and said its delayed harvest strategy paid off in a higher price achievement in Q4 2024.
In its latest operational update, the hybrid flow-through aquaculture firm said it achieved a Q4 2024 harvest of 1,729 metric tons (MT) head-on gutted (HOG) salmon. That total is significantly up from the 1,104 MT harvest it posted in Q4 2023 – the first quarter that the company’s farming segment reached breakeven EBITDA.
The company’s harvest weight in Q4 2024 also increased to 3.8 kilograms HOG, an increase of 15 percent compared to Q3 2024. The company pushed some of its harvests in Q3 2024 to Q4 2024 to maximize the price it gets for its salmon – a strategy that it said paid off.
For the full year, the company harvested ...