Proximar Reports Strong Q1 Biological Performance, Seeks Added Financing Amid Cash Pressure
Norwegian land-based salmon farmer Proximar Seafood reported solid operational and biological performance in the first quarter of fiscal 2026, even as lower harvest weights weighed on pricing and cash generation.
The company harvested 697 tonnes HOG during the quarter, bringing total harvest since September 2024 to more than 2,000 tonnes HOG. Biological performance remained strong, with a 95.4% superior grade rate and a 98.9% survival rate in grow-out. As of March 31, 2026, standing biomass totaled 1,880 tonnes, down...
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