SalMar ASA has completed the registration of a capital increase involving the issuance of 209,402 new shares as consideration for its acquisition of an additional 49% stake in Øylaks MTB AS. The registration with the Norwegian Register of Business Enterprises brings the company’s total share capital to NOK 33,899,229.25, divided into 135,596,917 shares at a par value of NOK 0.25 each. This marks the final step in the formalization of the transaction announced on 13 January 2026 and reinforces SalMar’s balance sheet by converting equity reserved for acquisitions into fully registered share capital.

With the issuance of the Consideration Shares, SalMar’s holding in Øylaks MTB AS has increased from 51% to 100%, consolidating its position in the Midt-Norsk region. Øylaks MTB AS holds a valuable salmon farming license and contributes annual harvest volumes of approximately 8,000 metric tonnes. By gaining complete control, SalMar expects to optimize operational synergies across its Central and Northern Norwegian farming operations, potentially enhancing production efficiency by up to 5% and improving earnings before interest and taxes by an estimated NOK 50 million in the next fiscal year.

The acquisition and subsequent share capital registration underscore SalMar’s strategy to integrate high-quality licenses and expand production capacity. Investors should note that full ownership of Øylaks MTB AS will allow SalMar to streamline decision-making and reduce minority interest expenses, potentially supporting a higher return on equity. The transaction is financed through equity issuance rather than debt, preserving the company’s net leverage ratio at approximately 0.8x and maintaining a solid investment-grade credit profile.

Following the registration, SalMar’s management has indicated plans to initiate a detailed operational review of Øylaks MTB’s sites, targeting yield improvements and cost reductions. The company will present updated guidance for 2026 at its upcoming Q1 results in April, where it is expected to outline expected synergies, capex requirements of around NOK 200 million for site upgrades, and revised harvest volume targets of 300,000 metric tonnes across all operations.