FIFAX Plc ("Fifax" or the "Company") has today signed an agreement regarding a short-term delivery financing of EUR 1 million ("Delivery financing ") with Pohjanmaan Arvo Sijoitusosuuskunta ("Arvo"). The purpose of the delivery financing is to partially finance the ongrowing of fish related to certain customer deliveries, and is to be repaid with a part of the payments received from the customers in respect of such deliveries and, in any case, by 31.5.2025.

The Arvo delivery financing supports specifically the financing of the working capital which is tied to the fish stock as part of the restart of the production facility. However, completing the restart as planned requires additional financing, and Fifax continues to work further on additional financing solutions with various parties.

For more information:

Samppa Ruohtula
CEO, FIFAX Plc
+358 40 559 8812
samppa.ruohtula@fifax.ax
https://fifax.ax/en

Certified Advisor:
Aktia Alexander Corporate Finance Oy
+358 50 520 4098

Fifax in brief

Fifax’s vision is to be a forerunner in large-scale sustainable fish farming with a minimal impact on the environment, so that locally and sustainably produced fish can be enjoyed by its customers all year round. Established in 2012, Fifax utilizes ultra-intensive Recirculating Aquaculture Systems (RAS) technology based on the principle of an almost completely closed water circulation within the facility, where the fish live in large land-based indoor tanks. Indoor tanks better safeguard against external factors, and the environmental impact and pollution from the facility is significantly lower when compared to traditional fish farming in water bodies.

Fifax Plc’s shares have been listed in Nasdaq First North Growth Market Finland.