SalMar ASA (SALM.OL) reported substantial financial results for Q2 2024 despite facing biological challenges and fluctuating price realizations due to jellyfish issues and winter source effects. The company achieved a revenue of NOK 5.84 billion, reflecting a year-over-year decline of 0.97% and a quarter-over-quarter decrease of 10.94%. Management's focus on sustainability positioned SalMar as one of the top 500 sustainable companies globally, further emphasizing the potential for growth in aquaculture as global demand for healthy proteins increases. The operational EBIT was NOK 1.39 billion with an EBITDA margin of 31.1%, although results in various regions highlighted mixed results due to biological challenges hindering harvest volumes and operational efficiency. With a cautious outlook intact, the company's strategy focuses on enhancing local processing capacity and optimizing operational practices to capitalize on untapped potential in their existing licenses.