Proximar boosts biomass and outlook as Japan demand lifts land-based salmon push

Proximar Seafood AS ( (DE:84Q) ) just unveiled an announcement.

Proximar Seafood reported fourth-quarter and preliminary 2025 results showing continued operational improvement, with stable biology, normalized feeding and a year-end standing biomass of 1,949 tonnes that positions the company for higher harvest weights in 2026. The producer harvested 1,338 tonnes of Fuji Atlantic salmon in 2025 at strong prices for larger fish, strengthened its balance sheet through refinancing that lifted its equity ratio, and is guiding a 2026 harvest of 3,500–4,000 tonnes while it works with lenders on short-term credit to bridge temporarily lower cash flow from lighter fish in early 2026.

Demand for Proximar’s premium, locally farmed salmon in Japan remained robust throughout 2025, with weekly deliveries, high survival rates and a superior-grade share above 98% underscoring the operational traction of its Mount Fuji facility. As harvest weights are expected to normalize from the second quarter of 2026 and increase to 3.5–3.8 kilograms, management anticipates stronger price realization and more predictable performance, reinforcing the strategic benefits of land-based production close to the Japanese market.

More about Proximar Seafood AS

Proximar Seafood AS is a Norwegian land-based salmon farming company operating its first full-scale facility at the foot of Mount Fuji in Japan, where it produces fresh Atlantic salmon under the Fuji Atlantic Salmon brand. Leveraging high-quality local groundwater and proximity to one of the world’s key fish markets, the group targets Japanese demand for premium, locally farmed salmon with lower logistics costs and a reduced carbon footprint.

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Current Market Cap: NOK350.7M

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