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Proximar Seafood AS ( (DE:84Q) ) has issued an announcement.
Proximar Seafood expects 2026 harvest volumes of 3,500-4,000 tonnes HOG and reports broadly positive biological performance following January harvests, despite earlier operational setbacks. Management sees improving growth trends supported by AI-enabled camera surveillance that enhances biomass monitoring, feeding optimization and harvest planning.
A mixed batch created after prior biofilter incidents has produced lower average weights and wide size distribution, prompting earlier harvest in January and February and depressing first-quarter prices and cash flow. The company is negotiating additional credit lines, seeking a covenant waiver, and anticipates business interruption insurance payments, while forecasting higher average harvest weights and better price realization from March onward and preparing to report fourth-quarter 2025 results on February 27, 2026.
More about Proximar Seafood AS
Proximar Seafood AS is a Norwegian land-based salmon farming company operating its first production facility at the foot of Mount Fuji in Japan. Using high-quality groundwater, the company produces fresh Atlantic salmon under the Fuji Atlantic Salmon brand, targeting the Japanese market with same-day harvested fish and benefits in cost and carbon footprint from proximity to key fish markets.
Average Trading Volume: 705,816
Current Market Cap: NOK340.2M
See more insights into 84Q stock on TipRanks’ Stock Analysis page.