Atlantic Sapphire posts $167.3m net loss for 2024, requires more money to fund 2025 operations

Atlantic Sapphire posts $167.3m net loss for 2024, requires more money to fund 2025 operations

The Norwegian operator of a large land-based Atlantic salmon farm in Florida has addressed serious problems with its technology and is ramping up production, but says it needs more cash to get to break-even production levels

Atlantic Sapphire posts $167 million loss despite production growth

Land-based salmon pioneer battles costs in year of expansion. Land-based salmon farming company Atlantic Sapphire reported a net loss of $167.3 million for the year ended 31 December 2024, an increase of $33.6 million compared to its 2023 loss of $133.8 million. The widening loss came despite higher revenues and production volumes, due to significant [...]