Fundies.
English

SalMar ASA

ESEF
Report (type unavailable) · filed 2026-10-21

Annual consolidated revenue for 2025: about NOK 27.39B, using the latest reported figures. The previous period, 2024, was about NOK 26.43B.

Inspect reported changes Compare with another company Historical disclosures Segments
Watchlist

Latest fiscal year

Revenue

27.4 billion NOK

2025 · NOK

Exact inputs and evidence
  • Revenue: 27394000000 NOK Source

Operating margin

10.64%

2025 · %

Exact inputs and evidence
  • Operating Income: 2916000000 NOK Source
  • Revenue: 27394000000 NOK Source

Operating cash flow

3.26 billion NOK

2025 · NOK

Exact inputs and evidence
  • Operating Cash Flow: 3260000000 NOK Source

Free cash flow

1.44 billion NOK

2025 · NOK

Exact inputs and evidence
  • Operating Cash Flow: 3260000000 NOK Source
  • Capital Expenditure: 1825000000 NOK Source
Cash and cash equivalents
759 million NOK Source
Exact value

759000000 NOK

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-21.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 6 of 11 periods available· newest 2025-12-31
  • Operating income: 6 of 11 periods available· newest 2025-12-31
  • Net income: 6 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 6 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 6 of 11 periods available· newest 2025-12-31
  • Total assets: 6 of 11 periods available· newest 2025-12-31
  • Total liabilities: 6 of 11 periods available· newest 2025-12-31
  • Current assets: 6 of 11 periods available· newest 2025-12-31
  • Current liabilities: 6 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 6 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +3.7%

    Prior period

    NOK 26.43 billion

    –

    Current period

    NOK 27.39 billion

    –

    Exact inputs and evidence

    27394000000 − 26426000000 = 968000000 NOK

    26426000000 NOK · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    27394000000 NOK · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    -62.8%

    Prior period

    NOK 2.97 billion

    –

    Current period

    NOK 1.11 billion

    –

    Exact inputs and evidence

    1105000000 − 2969000000 = -1864000000 NOK

    2969000000 NOK · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1105000000 NOK · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    -39.4%

    Prior period

    NOK 5.38 billion

    –

    Current period

    NOK 3.26 billion

    –

    Exact inputs and evidence

    3260000000 − 5381000000 = -2121000000 NOK

    5381000000 NOK · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    3260000000 NOK · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +2%

    Prior period

    NOK 1.79 billion

    –

    Current period

    NOK 1.83 billion

    –

    Exact inputs and evidence

    1825000000 − 1790000000 = 35000000 NOK

    1790000000 NOK · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1825000000 NOK · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue NOK 27.39 billion 100% of revenue
  • Operating costs Derived NOK 24.48 billion 89% of revenue
  • Operating income NOK 2.92 billion 11% of revenue
  • Tax, interest and other Derived NOK 1.81 billion 6.6% of revenue
  • Net income NOK 1.11 billion 4% of revenue

Cash

  • Operating cash flow NOK 3.26 billion 12% of revenue
  • Capital expenditure NOK 1.83 billion 6.7% of revenue
  • Free cash flow Derived NOK 1.44 billion 5.2% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2020 15%78%
  • 2021 17%77%
  • 2022 16%76%
  • 2023 11%19%70%
  • 2024 11%80%
  • 2025 89%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2020 2020-01-01 – 2020-12-3112912342000 10084374000 Derived 2827968000 848950000 Derived 1979018000 1449390000 Derived
Source
2021 2021-01-01 – 2021-12-3115043945000 11592977000 Derived 3450968000 834252000 Derived 2616716000 782162000 Derived
Source
2022 2022-01-01 – 2022-12-3120158279000 15420121000 Derived 4738158000 1426203000 Derived 3311955000 1957436000 Derived
Source
2023 2023-01-01 – 2023-12-3128219000000 19710000000 Derived 8509000000 5306000000 Derived 3203000000 6706000000 Derived
Source
2024 2024-01-01 – 2024-12-3126426000000 21134000000 Derived 5292000000 2323000000 Derived 2969000000 3591000000 Derived
Source
2025 2025-01-01 – 2025-12-3127394000000 24478000000 Derived 2916000000 1811000000 Derived 1105000000 1435000000 Derived
Source

Amounts are exact, in NOK.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

NOK 27.4B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.30.5B22.9B15.2B7.6B0.0202020232025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(NOK)Source evidence
2020Revenue12912342000
2021Revenue15043945000
2022Revenue20158279000
2023Revenue28219000000
2024Revenue26426000000
2025Revenue27394000000

Revenue growth

Change in revenue from the same financial period one year earlier.

3.7% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.44%30%17%3%-10%202020232025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2020Year over yearNo prior comparable period
2021Year over year16.5%
2022Year over year34%
2023Year over year40%
2024Year over year-6.4%
2025Year over year3.7%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 10.6% 2025
Net margin 4% 2025
Free cash flow margin 5.2% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.32.6%24.4%16.3%8.1%0.0%202020232025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2020Operating margin21.9%
2021Operating margin22.9%
2022Operating margin23.5%
2023Operating margin30.2%
2024Operating margin20%
2025Operating margin10.6%
2020Net margin15.3%
2021Net margin17.4%
2022Net margin16.4%
2023Net margin11.4%
2024Net margin11.2%
2025Net margin4%
2020Free cash flow margin11.2%
2021Free cash flow margin5.2%
2022Free cash flow margin9.7%
2023Free cash flow margin23.8%
2024Free cash flow margin13.6%
2025Free cash flow margin5.2%

Operating cash flow

Cash generated by the company’s normal business operations.

NOK 3.3B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.9.7B7.3B4.8B2.4B0.0202020232025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(NOK)Source evidence
2020Operating cash flow3178890000
2021Operating cash flow2908352000
2022Operating cash flow4222444000
2023Operating cash flow8975000000
2024Operating cash flow5381000000
2025Operating cash flow3260000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

NOK 1.4B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.7.2B5.4B3.6B1.8B0.0202020232025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(NOK)Source evidence
2020Free cash flow1449390000
2021Free cash flow782162000
2022Free cash flow1957436000
2023Free cash flow6706000000
2024Free cash flow3591000000
2025Free cash flow1435000000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

65.2% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.70%53%35%18%0%202020232025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2020Liabilities / assets50.1%
2021Liabilities / assets44.9%
2022Liabilities / assets61.4%
2023Liabilities / assets56.7%
2024Liabilities / assets62.8%
2025Liabilities / assets65.2%

Current assets to current liabilities

Current assets divided by current liabilities.

2.05× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.36×1.77×1.18×0.59×0.00×202020232025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2020Current assets / current liabilities1.67×
2021Current assets / current liabilities2.19×
2022Current assets / current liabilities1.55×
2023Current assets / current liabilities1.82×
2024Current assets / current liabilities1.73×
2025Current assets / current liabilities2.05×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2020 2020-01-01 – 2020-12-31
NOK 1.98 billion
Exact value

Exact value: 1979018000 NOK

2020-01-01 – 2020-12-31: 1979018000 NOK Inspect Net Income Open source
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NOK 3.18 billion
Exact value

Exact value: 3178890000 NOK

2020-01-01 – 2020-12-31: 3178890000 NOK Inspect Operating Cash Flow Open source
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NOK 1.73 billion
Exact value

Exact value: 1729500000 NOK

2020-01-01 – 2020-12-31: 1729500000 NOK Inspect Capital Expenditure Open source
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NOK 1.45 billion
Calculation and evidence

3178890000 − 1729500000 NOK

Exact free cash flow: 1449390000 NOK

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2021 2021-01-01 – 2021-12-31
NOK 2.62 billion
Exact value

Exact value: 2616716000 NOK

2021-01-01 – 2021-12-31: 2616716000 NOK Inspect Net Income Open source
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NOK 2.91 billion
Exact value

Exact value: 2908352000 NOK

2021-01-01 – 2021-12-31: 2908352000 NOK Inspect Operating Cash Flow Open source
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NOK 2.13 billion
Exact value

Exact value: 2126190000 NOK

2021-01-01 – 2021-12-31: 2126190000 NOK Inspect Capital Expenditure Open source
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NOK 782.16 million
Calculation and evidence

2908352000 − 2126190000 NOK

Exact free cash flow: 782162000 NOK

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2022 2022-01-01 – 2022-12-31
NOK 3.31 billion
Exact value

Exact value: 3311955000 NOK

2022-01-01 – 2022-12-31: 3311955000 NOK Inspect Net Income Open source
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NOK 4.22 billion
Exact value

Exact value: 4222444000 NOK

2022-01-01 – 2022-12-31: 4222444000 NOK Inspect Operating Cash Flow Open source
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NOK 2.27 billion
Exact value

Exact value: 2265008000 NOK

2022-01-01 – 2022-12-31: 2265008000 NOK Inspect Capital Expenditure Open source
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NOK 1.96 billion
Calculation and evidence

4222444000 − 2265008000 NOK

Exact free cash flow: 1957436000 NOK

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2023 2023-01-01 – 2023-12-31
NOK 3.2 billion
Exact value

Exact value: 3203000000 NOK

2023-01-01 – 2023-12-31: 3203000000 NOK Inspect Net Income Open source
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NOK 8.98 billion
Exact value

Exact value: 8975000000 NOK

2023-01-01 – 2023-12-31: 8975000000 NOK Inspect Operating Cash Flow Open source
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NOK 2.27 billion
Exact value

Exact value: 2269000000 NOK

2023-01-01 – 2023-12-31: 2269000000 NOK Inspect Capital Expenditure Open source
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NOK 6.71 billion
Calculation and evidence

8975000000 − 2269000000 NOK

Exact free cash flow: 6706000000 NOK

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2024 2024-01-01 – 2024-12-31
NOK 2.97 billion
Exact value

Exact value: 2969000000 NOK

2024-01-01 – 2024-12-31: 2969000000 NOK Inspect Net Income Open source
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NOK 5.38 billion
Exact value

Exact value: 5381000000 NOK

2024-01-01 – 2024-12-31: 5381000000 NOK Inspect Operating Cash Flow Open source
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NOK 1.79 billion
Exact value

Exact value: 1790000000 NOK

2024-01-01 – 2024-12-31: 1790000000 NOK Inspect Capital Expenditure Open source
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NOK 3.59 billion
Calculation and evidence

5381000000 − 1790000000 NOK

Exact free cash flow: 3591000000 NOK

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2025 2025-01-01 – 2025-12-31
NOK 1.11 billion
Exact value

Exact value: 1105000000 NOK

2025-01-01 – 2025-12-31: 1105000000 NOK Inspect Net Income Open source
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NOK 3.26 billion
Exact value

Exact value: 3260000000 NOK

2025-01-01 – 2025-12-31: 3260000000 NOK Inspect Operating Cash Flow Open source
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NOK 1.83 billion
Exact value

Exact value: 1825000000 NOK

2025-01-01 – 2025-12-31: 1825000000 NOK Inspect Capital Expenditure Open source
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NOK 1.44 billion
Calculation and evidence

3260000000 − 1825000000 NOK

Exact free cash flow: 1435000000 NOK

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

5 filings · 655 latest values · 655 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 5967007LIEEXZXGDBK67, esef:5967007LIEEXZXGDBK67