Gigante Salmon reported a first-quarter loss of 23 million Norwegian kroner, according to multiple Norwegian business outlets.
The company attributed the negative result primarily to write-downs related to biomass valuation, which significantly impacted its financial performance during the period.
Despite the overall loss, the land-based salmon farming operation reportedly incurred a separate operational loss of 12 million kroner, highlighting challenges in its terrestrial aquaculture segment.
The financial downturn was confirmed across several regional business publications, including Avisa Nordland, iLaks, Dagens Næringsliv, Intrafish, and LandbasedAQ.no, all citing internal reporting or company disclosures.
No additional commentary or forward-looking statements were included in the original reports, which focused solely on the stated financial outcomes for the quarter.
