Biomass adjustment pushes Atlantic Sapphire’s profitability timeline beyond 2025.
Land-based salmon farmer Atlantic Sapphire has revised its financial outlook, delaying its EBITDA break-even timeline beyond Q4 2025 following a biomass adjustment strategy aimed at increasing harvest size and revenue growth.
The company said in a stock market update on Thursday that the adjustment, completed in February, prioritised larger harvest sizes while reducing the number of fish per batch.
Atlantic Sapphire reported improved operational performance, citing stable water quality, low mortality, and increasing harvest weights in the coming months.
Despite these improvements, the biomass adjustment has delayed expected profitability, with the company now shifting focus to increasing feeding capacity to support gradual volume growth.
Atlantic Sapphire also confirmed that Phase 2 expansion plans remain on track, with a capital raise planned for the second half of 2025 to resume construction. Once fully operational, Phases 1 and 2 are expected to support annual production of 25,000 tonnes of salmon.
